EV charging solutions provider ChargePoint Holdings (NYSE: CHPT) reported Q2 CY2026 results beating Wall Street’s revenue expectations, with sales up 17.7% year on year to $116.1 million. Guidance for next quarter’s revenue was better than expected at $110 million at the midpoint, 0.7% above analysts’ estimates. Its GAAP loss of $1.35 per share was 18.3% above analysts’ consensus estimates.
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ChargePoint (CHPT) Q2 CY2026 Highlights:
- Revenue: $116.1 million vs analyst estimates of $105.2 million (17.7% year-on-year growth, 10.3% beat)
- EPS (GAAP): -$1.35 vs analyst estimates of -$1.65 (18.3% beat)
- Adjusted EBITDA: -$4.75 million (-4.1% margin, 78.5% year-on-year growth)
- Revenue Guidance for Q3 CY2026 is $110 million at the midpoint, roughly in line with what analysts were expecting
- Adjusted EBITDA Margin: -4.1%, up from -22.4% in the same quarter last year
- Free Cash Flow was -$5.20 million compared to -$7.45 million in the same quarter last year
- Market Capitalization: $137.3 million
Company Overview
The most prominent EV charging company during the COVID bull market, ChargePoint (NYSE: CHPT) is a provider of electric vehicle charging technology solutions in North America and Europe.
Revenue Growth
A company’s long-term performance is an indicator of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Luckily, ChargePoint’s sales grew at an incredible 19.8% compounded annual growth rate over the last five years. Its growth beat the average industrials company and shows its offerings resonate with customers.
Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. ChargePoint’s recent performance marks a sharp pivot from its five-year trend as its revenue has shown annualized declines of 1% over the last two years. 
We can better understand the company’s revenue dynamics by analyzing its most important segments, Networked Charging Systems and Subscriptions, which are 54.2% and 37.6% of revenue. Over the last two years, ChargePoint’s Networked Charging Systems revenue (hardware) averaged 3.8% year-on-year declines. On the other hand, its Subscriptions revenue (software) averaged 11.6% growth. 
This quarter, ChargePoint reported year-on-year revenue growth of 17.7%, and its $116.1 million of revenue exceeded Wall Street’s estimates by 10.3%. Company management is currently guiding for a 4.1% year-on-year increase in sales next quarter.
Looking further ahead, sell-side analysts expect revenue to grow 5.3% over the next 12 months. While this projection indicates its newer products and services will spur better top-line performance, it is still below the sector average.
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Operating Margin
ChargePoint’s high expenses have contributed to an average operating margin of negative 68.4% over the last five years. Unprofitable industrials companies require extra attention because they could get caught swimming naked when the tide goes out. It’s hard to trust that the business can endure a full cycle.
On the plus side, ChargePoint’s operating margin rose by 55.8 percentage points over the last five years, as its sales growth gave it operating leverage. Still, it will take much more for the company to reach long-term profitability.
In Q2, ChargePoint generated a negative 29.3% operating margin.
Earnings Per Share
Revenue trends explain a company’s historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth — for example, a company could inflate its sales through excessive spending on advertising and promotions.
Although ChargePoint’s full-year earnings are still negative, it reduced its losses and improved its EPS by 47.4% annually over the last five years. The next few quarters will be critical for assessing its long-term profitability. We hope to see an inflection point soon.
Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business.
For ChargePoint, its two-year annual EPS growth of 31.5% was lower than its five-year trend. We still think its growth was good and hope it can accelerate in the future.
In Q2, ChargePoint reported EPS of negative $1.35, up from negative $2.73 in the same quarter last year. This print easily cleared analysts’ estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects ChargePoint to improve its earnings losses. Analysts forecast its full-year EPS will improve from negative $7.31 to negative $5.94.
Key Takeaways from ChargePoint’s Q2 Results
We were impressed by how significantly ChargePoint blew past analysts’ EBITDA expectations this quarter. We were also excited its revenue outperformed Wall Street’s estimates by a wide margin. Zooming out, we think this quarter featured some important positives. The stock traded up 17% to $6.09 immediately following the results.
Indeed, ChargePoint had a rock-solid quarterly earnings result, but is this stock a good investment here? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).
