--  Revenue grew 18% year-over-year to $116 million, above the guidance 
      range 
 
   --  Subscription revenue grew 10% year-over-year to $44 million 
 
   --  GAAP gross margin was 36% and non-GAAP gross margin was 38% 
 
   --  Non-GAAP adjusted EBITDA loss was $4.8 million, an improvement from a 
      loss of $22.1 million year-over-year 
CAMPBELL, Calif.--(BUSINESS WIRE)--September 02, 2026-- 

ChargePoint Holdings, Inc. $(CHPT)$ ("ChargePoint" or the "Company"), a global leader in intelligent electrification and e-mobility, today reported its financial results for the second quarter of fiscal year 2027, which ended July 31, 2026.

"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 of ChargePoint. "In the quarter, we began early access shipments of Express Solo, continued expansion of our partnership with Eaton, and fortified our leadership team in Europe with the appointment of John Saffrett as Executive Vice President and Managing Director to lead our growth strategy and market expansion across the continent. As we enter the second half of the year, we remain focused on driving profitable growth through innovation, operational excellence, and disciplined execution against our strategic plan."

Second Quarter Fiscal 2027 Financial Overview

   --  Revenue. Second quarter revenue was $116.1 million, up 18% from $98.6 
      million in the prior year's same quarter. Networked charging systems 
      revenue for the second quarter was $62.9 million, up 25% from $50.4 
      million in the prior year's same quarter. Subscription revenue was $43.7 
      million, up 10% from $39.9 million in the prior year's same quarter. 
 
   --  Gross Margin. Second quarter GAAP gross margin was 36% as compared to 
      31% in the prior year's same quarter, and non-GAAP gross margin was 38% 
      as compared to 33% in the prior year's same quarter. The current period 
      GAAP and non-GAAP gross margins include a 4 percentage points benefit due 
      to tariffs refunds. 
 
   --  Operating Expenses. Second quarter GAAP operating expenses were $76.4 
      million, down 15% from $89.7 million in the prior year's same quarter. 
      Non-GAAP operating expenses were $52.3 million, down 11% from $58.6 
      million in the prior year's same quarter. 
 
   --  Net Income/Loss. Second quarter GAAP net loss was $35.6 million, down 
      46% from $66.2 million in the prior year's same quarter. Additionally, 
      non-GAAP net loss was $9.2 million, down 72% from $33.0 million in the 
      prior year's same quarter and non-GAAP adjusted EBITDA loss was $4.8 
      million, down 78% from $22.1 million in the prior year's same quarter. 
 
   --  Liquidity. As of July 31, 2026, cash, cash equivalents and restricted 
      cash on the balance sheet was $95.7 million. 
 
   --  Shares Outstanding. As of July 31, 2026, ChargePoint had approximately 
      27 million shares of common stock outstanding. 

Business Highlights

   --  ChargePoint appointed automotive industry veteran John Saffrett as 
      Executive Vice President and Managing Director for Europe, overseeing 
      sales, customer relationships, partnerships, and market expansion across 
      the continent. 
 
   --  ChargePoint extended its long-standing partnership with Mercedes-Benz 
      with a new agreement that provides Mercedes-Benz business customers with 
      comprehensive charging solutions for fleet operators in the UK and 
      Germany. 
 
   --  ChargePoint 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. 

Third Quarter of Fiscal 2027 Guidance

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

Conference Call Information

ChargePoint will host a conference call to review the Company's financial results at 1:30 p.m. Pacific (4:30 p.m. Eastern time) today.

A live webcast of the conference call will be available at https://events.q4inc.com/attendee/486534852. Participants can also access the conference call by dialing +1 (833) 461 5787 (North America) or +1 585 542 9983 (International) and entering Conference ID 486 534 852. A recording will be available after the conclusion of the webcast and archived for one year on ChargePoint's investor relations website. A copy of the press release with the financial results will be also available on ChargePoint's investor relations website prior to the commencement of the webcast.

About ChargePoint Holdings, Inc.

ChargePoint has established itself as a global leader in intelligent electrification and e-mobility since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint's extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to almost 1.5 million public and private charging ports worldwide. ChargePoint has facilitated the powering of more than 25 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding our projected revenue for the third quarter of fiscal year 2027. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: macroeconomic trends, such as changes in or sustained inflation, interest rate volatility, increased tariffs or other events beyond our control on the overall economy which may reduce demand for our products and services; geopolitical events and conflicts; adverse impacts to our business and those of our customers and suppliers, including due to supply chain disruptions, component shortages, and associated logistics expense increases; our ability as an organization to successfully acquire, integrate or partner with other companies, products or technologies in a successful manner such as our partnership efforts with Eaton Corporation; our dependence on widespread acceptance and adoption of EVs, including any delays or modifications to auto manufacturers' plans and strategies to transition to predominately manufacture EVs and any corresponding decreased demand for installation of charging stations; our current dependence on sales of charging stations for the majority of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental policies, rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; our ability, and our reliance on our customers, to successfully implement, construct and manage state, federal and local charging infrastructure programs in accordance with the respective terms of such program in order to validly secure and obtain awarded funding and win additional grant opportunities; our reliance on contract manufacturers, including those located outside the United States, may result in supply chain interruptions, delays and expense increases which may adversely affect our sales, revenue and gross margins; our ability to expand our operations and market share in Europe; the need to attract additional fleet operators as customers, especially autonomous EV fleets; potential adverse effects on our revenue and gross margins due to delays and costs associated with new product introductions, such as our new AC and Express DC fast charging product architectures, inventory obsolescence, component shortages and related expense increases; the ability or success of our new AC and Express DC fast charging product architectures to result in an increased demand for charging products by commercial, residential and fleet charging customers; adverse impact to our revenues and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; risks related to our dependence on our intellectual property; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on June 8, 2026, which is available on our website at investors.chargepoint.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time