ChargePoint Holdings, Inc. reported its financial results for the second quarter of fiscal year 2027, which ended July 31, 2026. The company announced that revenue for the period was $116.1 million, representing an 18% increase compared to the prior year's same quarter.

The filing details specific revenue streams, noting that networked charging systems revenue was $62.9 million, up 25% year-over-year, while subscription revenue reached $43.7 million, a 10% increase from the previous year.

Regarding profitability, ChargePoint reported a GAAP net loss of $35.6 million for the quarter. This figure is a 46% reduction compared to a net loss of $66.2 million in the prior year. The company also reported a non-GAAP net loss of $9.2 million, which is a 72% decrease from the prior year's non-GAAP net loss of $33.0 million. Additionally, the non-GAAP adjusted EBITDA loss was $4.8 million, down 78% from a loss of $22.1 million in the prior year.

Gross margins improved in the quarter, with GAAP gross margin reported at 36% and non-GAAP gross margin at 38%. Both margins included a 4 percentage point benefit due to tariffs refunds. Operating expenses also decreased, with GAAP operating expenses falling to $76.4 million from $89.7 million in the prior year, and non-GAAP operating expenses dropping to $52.3 million from $58.6 million.

As of July 31, 2026, the company held $95.7 million in cash, cash equivalents, and restricted cash. ChargePoint also noted that it had approximately 27 million shares of common stock outstanding.

In business developments, ChargePoint appointed John Saffrett as Executive Vice President and Managing Director for Europe to oversee sales and market expansion. The company also announced a new partnership with Mercedes-Benz to provide charging solutions for fleet operators in the UK and Germany, along with agreements with Optimus Energy Solutions and Onvo to add hundreds of new charging ports in the eastern United States.

Looking ahead, for the third fiscal quarter ending October 31, 2026, ChargePoint expects revenue to be between $105 million and $115 million.