Core Insights - ChargePoint Holdings, Inc. reported revenue of $105.67 million for the quarter ended October 2025, marking a year-over-year increase of 6.1% [1] - The earnings per share (EPS) for the same period was -$1.32, an improvement from -$2.00 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $96.46 million by 9.55%, while the EPS also surpassed the consensus estimate of -$1.35 by 2.22% [1] Financial Performance Metrics - ChargePoint's networked charging systems generated $56.39 million, exceeding the average estimate of $48.64 million from three analysts [4] - Subscription revenue reached $42 million, surpassing the average estimate of $39.93 million from three analysts [4] - Other revenue was reported at $7.28 million, which was below the average estimate of $8.27 million based on three analysts [4] Stock Performance - Over the past month, ChargePoint shares have returned -18.1%, contrasting with the Zacks S&P 500 composite's +0.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Insights - ChargePoint Holdings, Inc. reported a quarterly loss of $1.32 per share, slightly better than the Zacks Consensus Estimate of a loss of $1.35, and an improvement from a loss of $2 per share a year ago, indicating a positive earnings surprise of +2.22% [1] - The company generated revenues of $105.67 million for the quarter ended October 2025, exceeding the Zacks Consensus Estimate by 9.55% and showing growth from $99.61 million in the same quarter last year [2] - ChargePoint shares have declined approximately 61% year-to-date, contrasting with the S&P 500's gain of 16.5%, highlighting significant underperformance in the market [3] Earnings Outlook - The future performance of ChargePoint's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook, which includes current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is -$1.11 on revenues of $102.39 million, and for the current fiscal year, it is -$5.16 on revenues of $393.9 million [7] Industry Context - The Automotive - Original Equipment industry, to which ChargePoint belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable industry outlook that could positively influence ChargePoint's stock performance [8]

Financial Data and Key Metrics Changes - Revenue for the third quarter reached $106 million, exceeding the high end of guidance by $6 million, marking a 7% sequential increase and a 6% year-on-year increase [5][14] - Non-GAAP gross margin remained at a record high of 33%, flat sequentially and up 7 percentage points year-on-year [14][15] - Non-GAAP adjusted EBITDA loss was $19 million, an improvement from a loss of $22 million in the prior quarter and a loss of $29 million in the same quarter last year [16] - Cash balance at the end of the quarter was $181 million, down from $195 million in the prior quarter, reflecting cash usage of $14 million [16][17] Business Line Data and Key Metrics Changes - Network charging systems revenue was $56 million, accounting for 53% of total revenue, up 12% sequentially and 7% year-on-year [14][15] - Subscription revenue reached $42 million, representing 40% of total revenue, up 5% sequentially and 15% year-on-year [15] - Other revenue was $7 million, making up 7% of total revenue [15] Market Data and Key Metrics Changes - North America accounted for 85% of total revenue, while Europe contributed 15%, consistent with previous quarters [15] - Demand in Europe is accelerating, with significant opportunities emerging across key markets, driven by favorable regulatory support and rapid EV adoption [7][8] Company Strategy and Development Direction - The company is focused on a three-year strategic plan built on four pillars: efficient hardware innovation, software innovation, world-class driver experiences, and operational excellence [9][10] - The partnership with Eaton is expected to enhance innovation and product offerings, particularly in the V2G and V2H segments [11][45] - The company aims to leverage new product launches to drive market share gains and margin improvements [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued revenue growth, particularly in the second half of calendar 2026, supported by new product launches and partnerships [5][19] - The competitive landscape is consolidating, creating opportunities for the company to expand its market presence [8] - Management remains cautious about the broader macroeconomic environment but is optimistic about growth prospects [19] Other Important Information - The company completed a debt exchange transaction that reduced total debt by $172 million and extended maturity to 2030, which is seen as a transformative step for financial stability [18][19] - The company manages approximately 375,000 ports globally, including over 39,000 DC fast chargers [9] Q&A Session Summary Question: Can you talk about product evolution and demand from virtual power plants? - Management highlighted the new Flex product line that is V2G and V2H-enabled, which is expected to roll out in 2026, and a new DC fast charging product that integrates directly with a DC grid [22][23] Question: What are the expectations for inventory reduction? - Management anticipates a small decline in inventory in Q4, with a more significant decrease expected throughout the next fiscal year as existing inventory is sold [25][26] Question: Will new products drive gross margins higher? - Improvements in hardware margin will depend on product mix, with expectations for margin improvement in the latter half of next year as new products are released [30][31] Question: Can you provide insights on projects in Europe? - Management expressed confidence in winning significant deals in Europe, driven by positive customer feedback on new products [35][36] Question: What drove the revenue beat this quarter? - The significant revenue beat was attributed to a boost in residential billing due to the expiration of federal EV credits, alongside strong performance in commercial sales [40][41] Question: How is the Eaton partnership progressing? - The partnership is exceeding expectations, with significant innovation and collaboration leading to differentiated products [44][45] Question: What is the status of NEVI funding? - Management noted that 40 states are active in NEVI and awarding contracts, with projects moving forward as expected [49][50]

Financial Data and Key Metrics Changes - Revenue for the third quarter reached $106 million, exceeding guidance and marking a return to growth, up 7% sequentially and 6% year-on-year [5][14] - Non-GAAP gross margin remained at a record high of 33%, flat sequentially and up seven percentage points year-on-year [15] - Non-GAAP adjusted EBITDA loss was $19 million, an improvement from a loss of $22 million in the prior quarter and a loss of $29 million in the same quarter last year [16] Business Line Data and Key Metrics Changes - Network charging systems revenue was $56 million, accounting for 53% of total revenue, up 12% sequentially and 7% year-on-year [15] - Subscription revenue reached $42 million, representing 40% of total revenue, up 5% sequentially and 15% year-on-year [15] - Other revenue was $7 million, making up 7% of total revenue [15] Market Data and Key Metrics Changes - North America accounted for 85% of revenue, while Europe contributed 15%, consistent with recent quarters [15] - Demand in Europe is accelerating, with significant opportunities emerging across key markets [7][8] Company Strategy and Development Direction - The company is focused on a three-year strategic plan built on four pillars: efficient hardware innovation, software innovation, world-class driver experiences, and operational excellence [9][10] - The partnership with Eaton is expected to drive innovation and expand market presence, particularly in Europe [8][45] - The company aims to leverage favorable regulatory support and infrastructure investments in Europe to drive growth [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued revenue growth, particularly in the second half of calendar 2026, driven by new products and partnerships [5][19] - The competitive landscape is consolidating, creating opportunities for the company to expand its market presence [8] - Management remains cautious about the broader macroeconomic environment but is optimistic about executing strategic priorities [19] Other Important Information - The company completed a debt exchange transaction, reducing total debt by $172 million and extending maturity to 2030 [18] - Cash usage for the quarter was $14 million, down from $24 million in the same quarter last year, with a cash balance of $181 million at the end of the quarter [16][17] Q&A Session Summary Question: Can you talk about demand from virtual power plants and products emerging outside of NEVI? - Management highlighted the new Flex product line that is V2G and V2H-enabled, which is expected to roll out in 2026, and a new DC fast charging product that integrates directly with a DC grid [22][23] Question: What are the expectations for inventory reduction? - Management anticipates a small decline in inventory in Q4, with a more significant decrease expected throughout the next fiscal year as existing inventory is sold [25][26] Question: Will new products drive gross margins higher? - Improvements in hardware margin will depend on product mix, with expectations for margin improvement in the latter half of next year as new products are released [30][31] Question: Can you provide insights on the NEVI funding and its impact? - Management confirmed that 40 states are active in NEVI and awarding contracts, with projects moving forward as financing uncertainty has decreased [49][50]

Financial Data and Key Metrics Changes - Revenue for Q3 Fiscal 2026 reached $106 million, exceeding guidance of $90 million-$100 million, up 7% sequentially and 6% year-on-year [4][12] - Non-GAAP gross margin remained at a record high of 33%, flat sequentially and up 7 percentage points year-on-year [12][15] - Non-GAAP adjusted EBITDA loss was $19 million, an improvement from a loss of $22 million in the prior quarter and $29 million in the same quarter last year [15][19] - Cash balance at the end of the quarter was $181 million, down from $195 million in the prior quarter, reflecting cash usage of $14 million [15][16] Business Line Data and Key Metrics Changes - Network charging systems revenue was $56 million, accounting for 53% of total revenue, up 12% sequentially and 7% year-on-year [12] - Subscription revenue was $42 million, representing 40% of total revenue, up 5% sequentially and 15% year-on-year [13] - Other revenue accounted for $7 million, or 7% of total revenue [13] Market Data and Key Metrics Changes - North America accounted for 85% of revenue, while Europe made up 15%, consistent with recent quarters [14] - Demand in Europe is accelerating, with significant opportunities emerging across key markets [5][6] Company Strategy and Development Direction - The company is focused on a three-year strategic plan built on four pillars: efficient hardware innovation, software innovation, world-class driver experiences, and operational excellence [8][9] - The partnership with Eaton is expected to drive innovation and expand market presence [10][45] - The company aims to leverage favorable regulatory support and infrastructure investments in Europe to drive growth [6][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued revenue growth, particularly in the second half of calendar 2026, driven by new products and partnerships [4][18] - The competitive landscape is consolidating, creating opportunities for the company to expand its market presence [6][19] - Management remains cautious about the broader macroeconomic environment but is optimistic about growth prospects [18] Other Important Information - The company completed a debt exchange transaction that reduced total debt by $172 million and extended maturity to 2030 [5][17] - The company manages approximately 375,000 ports globally, including over 39,000 DC fast chargers [8] Q&A Session Summary Question: Inquiry about product evolution and demand from virtual power plants - Management discussed the new Flex product line that is V2G and V2H-enabled, which will roll out in 2026, and a new DC fast charging product that integrates directly with a DC grid [22][24] Question: Potential for inventory reduction - Management indicated a small decline in inventory is expected in Q4, with a more significant decrease anticipated throughout the next fiscal year [25][26] Question: Expectations for gross margin potential with new products - Management stated that improvements in hardware margin will depend on product mix and expect larger improvements as new products are released in the latter half of next year [29][30] Question: Confidence in projects in Europe - Management expressed confidence in winning significant deals in Europe due to positive customer feedback on new products [35][36] Question: NEVI funding and project financing - Management confirmed that 40 states are active in NEVI and awarding contracts, with projects moving forward [48][49]

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Core Insights - ChargePoint Holdings, Inc. reported Q3 earnings that exceeded revenue expectations but fell short on adjusted earnings per share [1][2] Financial Performance - Quarterly adjusted losses were $2.23 per share, missing the analyst estimate of $1.31 [1] - Quarterly revenue was $105.67 million, surpassing the consensus estimate of $96.71 million [1] - Subscription revenue grew 15% year-over-year to $42 million [5] - Non-GAAP gross margin remained at a record high of 33% [5] Strategic Developments - The CEO highlighted a return to growth with revenue exceeding expectations [2] - The company successfully completed a debt exchange, reducing debt by $172 million, which is more than 50% [3][5] - Strategic partnerships, particularly with Eaton, are expected to accelerate growth in e-mobility [3] Future Outlook - For the fourth fiscal quarter ending January 31, 2026, ChargePoint anticipates revenue between $100 million and $110 million [3]

© 2025 ChargePoint Holdings, Inc. 2 • ChargePoint has provided historical financial information in this presentation that has not been prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). ChargePoint uses these non-GAAP financial measures internally in analyzing its financial results. ChargePoint believes that the use of these non-GAAP financial measures is useful to investors to evaluate ongoing operating results and trends and believes they provide meaningful ...

Revenue Performance - Revenue for Q3 FY 2026 was $106 million, a 6% increase year-over-year, exceeding guidance[7] - Subscription revenue grew 15% year-over-year to $42 million[7] - Total revenue for the three months ended October 31, 2025, was $105,674,000, representing an increase of 6.5% compared to $99,612,000 for the same period in 2024[23] Profitability and Loss - GAAP net loss for Q3 FY 2026 was $52.5 million, a 32% reduction from $77.6 million in the prior year's same quarter[8] - The net loss for the three months ended October 31, 2025, was $52,479,000, compared to a net loss of $77,590,000 for the same period in 2024, indicating a 32.4% improvement[23] - GAAP net loss for the three months ended October 31, 2025, was $(52,479), or (50%) of revenue, compared to $(77,590) (78%) in the same period last year[29] - Non-GAAP net loss for the three months ended October 31, 2025, was $(31,095), representing (29%) of revenue, compared to $(42,240) (42%) in the prior year[29] Gross Margin and Profit - GAAP gross margin improved to 31%, up from 23% in the prior year's same quarter; non-GAAP gross margin reached a record high of 33%, up from 26%[8] - Non-GAAP gross profit for the three months ended October 31, 2025, was $34,511, with a gross margin of 33%, up from $25,781 (26%) in the prior year[28] - Total gross profit for the nine months ended October 31, 2025, was $91,200, with a gross margin of 30%, compared to $71,981 (23%) for the same period in 2024[28] Expenses - Operating expenses decreased by 16% year-over-year to $76.8 million[8] - Research and development expenses for the nine months ended October 31, 2025, were $104,664,000, a decrease of 5.4% from $110,861,000 in the previous year[23] - Non-GAAP operating expenses for the three months ended October 31, 2025, were $57,462, accounting for 54% of revenue, compared to $58,597 (59%) in the same period last year[29] - Total operating expenses for the nine months ended October 31, 2025, were $248,352, or 82% of revenue, compared to $270,031 (86%) in the prior year[28] Cash and Debt Management - Cash and cash equivalents on the balance sheet as of October 31, 2025, were $180.9 million[8] - Cash and cash equivalents decreased to $180,514,000 as of October 31, 2025, down from $224,571,000 at the beginning of the year[25] - Total outstanding debt was reduced by $172 million, representing more than 50% reduction post quarter end[8] Future Outlook - For Q4 FY 2026, ChargePoint expects revenue between $100 million and $110 million[9] Contracts and Agreements - ChargePoint was awarded a cooperative purchasing contract with Sourcewell for EV charging solutions, marking its third agreement since 2017[8]

Core Insights - The growth of a specific industry does not guarantee the success of all participants within that industry [1] Group 1: Analyst Background - Dilantha De Silva has over 10 years of experience in the investment industry, focusing on equity analysis and investment research [1] - He writes for various platforms including Seeking Alpha, GuruFocus, TipRanks, and ValueWalk, with a notable following on Seeking Alpha [1] - His expertise includes a focus on small-cap stocks that are often overlooked by Wall Street analysts [1] - Dilantha is a CFA Level III candidate and holds qualifications from the Chartered Institute for Securities and Investment (CISI) [1] - He has been featured on major financial networks such as CNBC and Bloomberg [1] - His work has been showcased on leading investment platforms like Nasdaq and Yahoo Finance [1] - In addition to stock analysis, he is involved in private equity transactions, including acquiring and managing businesses [1]