ChargePoint stock surge drove a more than 70% jump in afternoon trading Thursday after the electric vehicle charging company posted results and guidance that topped Wall Street expectations, according to company disclosures and executive comments.
ChargePoint stock surge follows earnings beat
Chief Executive Rick Wilmer said the rally is “the beginning of the momentum,” noting that growth is accelerating and will be powered by new products and technology. The spike marked the most significant move since ChargePoint completed a reverse stock split last year to keep its share price above the New York Stock Exchange‘s $1 minimum.
For the quarter ended in its 2027 fiscal year second quarter, ChargePoint reported revenue of $116.1 million and a loss of 35 cents per share. Analysts surveyed by LSEG had expected $105.2 million in revenue and a loss of 85 cents per share.
Results were helped by a one-time tariff refund of about $4.2 million. The company said normalized gross margin would still have set a record without that benefit.
New products, AI and market strategy
Wilmer said ChargePoint’s fourth straight quarter of year-over-year growth positions the company for faster gains into next year. As part of that plan, ChargePoint is rolling out faster high-performance Level 3 chargers in Europe and next-generation Level 2 and Level 3 hardware in the United States.
The company, which sells hardware, software and services rather than owning and operating chargers itself, is also deploying artificial intelligence to shorten software development cycles, boost charging performance and improve operational efficiency.
Wilmer acknowledged a moderation in U.S. all-electric vehicle sales over the past year amid reduced federal support, including the end of a consumer benefit of up to $7,500 for EV purchases. He said concerns have been overstated and that stronger products will ultimately win out, pointing to continued EV sales by U.S. automakers and robust demand in the used-vehicle market amid elevated fuel prices.
Profit path and outlook
The CEO said ChargePoint is nearing its goal of achieving profitability on an adjusted EBITDA basis. Under a three-year plan aimed at curbing cash burn and improving results, net losses have narrowed from $125.3 million three years ago to $35.6 million in the most recent quarter.
For the third quarter of its 2027 fiscal year, ChargePoint guided revenue between $105 million and $115 million, implying a midpoint increase of about 4% year over year.