U.S.-based electric vehicle (EV) charging solutions company ChargePoint posted revenue of $116.075 million in the second quarter (Q2) of the fiscal year (FY) 2027, up 17.7% year-over-year (YoY) from $98.59 million, exceeding analysts’ expectations by $10.8 million.

The revenue increase is mainly attributed to stronger-than-expected hardware shipments, particularly higher domestic sales.

The company clocked $62.917 million in revenue from networked charging systems during the quarter, up 24.8% YoY from $50.421 million.

Subscription revenue increased 9.5% to $43.69 million from $39.89 million during the same period the previous year.

The company posted a loss of $35.62 million during the quarter, down 46.2% from $66.18 million during the same period the previous year.

Earnings per share stood at a loss of $1.35, down 52.6% from a loss of $2.85 the year before.

“The second quarter was an exceptional quarter for ChargePoint as we exceeded the high end of our guidance, delivered record non-GAAP gross margin, and managed our cash with extreme rigor through continued operational discipline,” said Rick Wilmer, President and Chief Executive Officer at ChargePoint.

1H FY 2027

ChargePoint reported revenue of $217.894 million in the first half (1H) of FY 2027, up 11% from $196.230 million the previous year.

The company posted networked charging systems revenue of $116.22 million in 1H FY 2027, up 13.4% from $102.48 million the year before.

Subscription revenue increased 8.4% to $84.47 million from $77.92 million the year before.

ChargePoint posted a loss of $78.83 million during 1H FY 2027, down 36.1% YoY from a loss of $123.30 million.

Earnings per share stood at a loss of $3.09, down 41.9% from a loss of $5.32 in 1H FY 2026.

Business Highlights

ChargePoint extended its partnership with Mercedes-Benz with a new agreement that provides the company’s business customers with comprehensive charging solutions for fleet operators in the UK and Germany.

The company announced agreements with Optimus Energy Solutions, a leading U.S.-based charge point operator, and Onvo, a Pennsylvania-based travel plaza brand, that will collectively add hundreds of new charging ports in the eastern U.S.

ChargePoint and Portland International Airport announced a new overhead fast charging deployment featuring retractable cable management that eliminates the traditional trade-offs between space, cost, and equipment durability, delivering a blueprint for airports worldwide.

In Rhode Island, the company’s partnership with the Office of Energy Resources, which dates back to 2014, continues to expand. More than 140 charging ports across approximately 95 sites are now active. ChargePoint recently deployed a new DC fast charging site in Newport, and additional DC fast charging sites are expected to come online as the year progresses.

In partnership with Eaton, ChargePoint also commenced a new collaboration with the Santa Monica Department of Transportation to enable the agency’s transition to a zero-emission Big Blue Bus fleet by 2032. As part of Santa Monica’s $56 million investment in electric transit fleet infrastructure, the project combines ChargePoint’s DC fast-charging solutions and fleet software with Eaton’s electrical infrastructure and energy management.

ChargePoint now manages approximately 422,000 ports, up from 406,000 last quarter, including more than 46,950 DC fast chargers and more than 150,000 ports in Europe. Globally, ChargePoint drivers have access to almost 1.5 million public and private charging ports, up from slightly over 1.4 million last quarter.

Third Quarter FY 2027 Guidance

For the third quarter ending October 31, 2026, ChargePoint expects revenue of $105 million to $115 million.

ChargePoint reported revenue of $101.8 million in Q1 of FY 2027, a 4.3% YoY increase from $97.6 million. Revenue for the quarter beat analysts’ expectations by $5.97 million.