ChargePoint Q2 FY27 slides: margins hit record 38%, losses narrow

ChargePoint Holdings reported a strong second quarter of fiscal year 2027, with revenue reaching $116 million, marking an 18% year-over-year increase and a 14% sequential rise from the previous quarter. The company's gross margins hit a record 38%, up 600 basis points from the prior quarter and 500 basis points from the same period last year.

Operating expenses narrowed to $52 million, down 4% sequentially and 11% year-over-year, while Non-GAAP Adjusted EBITDA improved significantly from $19 million to just $5 million. The company's cash position remained stable at $96 million, with inventory reduced by $35 million. ChargePoint's balanced revenue growth came from networked charging systems ($63 million), subscriptions ($44 million), and other sources ($9 million).

The dominant North American market contributed $96 million, while Europe added $20 million. The company's subscription business showed resilience, growing sequentially despite challenges in the broader EV market. ChargePoint's ability to achieve margin expansion, cost discipline, and progress toward cash flow breakeven positioned it for positive adjusted EBITDA and possible cash flow breakeven later in the fiscal year.