ChargePoint Beats Q2 Estimates but Q3 Guidance Signals Slower Growth

Earnings
โดย Insider Monkey·US·Read original
Summary · why it matters

ChargePoint Holdings reported stronger-than-expected fiscal second-quarter results, with revenue rising 18% year over year to $116.1 million, beating the $105.2 million analyst estimate, and an adjusted loss of 35 cents per share, narrower than the expected 85-cent loss. The company also achieved a record non-GAAP gross margin and narrowed its adjusted EBITDA loss by 78% to $4.8 million, while expanding partnerships with Mercedes-Benz, Optimus Energy Solutions, and Onvo. However, management guided third-quarter revenue to $105 million to $115 million, implying only 4% growth at the midpoint, citing a one-time boost in North American home-charging sales and a 4-percentage-point tariff-refund benefit to margins. The stock has gained 40.48% year to date but trades below its 52-week high of $12.61, with short interest at 22.59% of float and a consensus Hold rating and $7.50 price target.

Impact on stocks 3

Electrification & Mobility▲ · 2 stocks
ChargePoint Holdings Inc
CHPT
▲ PositiveCapitalrelevance

ChargePoint beat Q2 revenue and EPS estimates and narrowed its adjusted EBITDA loss by 78%

Consumer Discretionary▲ · 1 stocks

Theme Impact 1

Off-coverage companies 1

Optimus Energy SolutionsPrivate± Mixed
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