ChargePoint reported revenue of $98.6 million for the second quarter of fiscal year 2026, with a focus on operational excellence and innovation.
The company achieved a GAAP gross margin of 31% and a non-GAAP gross margin of 33%, showcasing improvement in cash management.
Subscription revenue reached $39.9 million, representing a 10% year-over-year growth.
Revenue Performance
Revenue for the second quarter was $98.6 million, down 9% from the same period last year.
Gross Margin Growth
GAAP gross margin increased from 24% to 31%, and non-GAAP gross margin grew from 26% to 33%, mainly driven by subscription revenue growth.
Strategic Partnerships
ChargePoint's collaboration with Eaton led to the introduction of a new modular Express DC fast charging architecture, expected to revolutionize the economics of DC fast charging.
- The company's focus on operational excellence resulted in significant improvements in gross margin and cash management.
- The partnership with Eaton and the launch of new products are receiving positive market reactions, indicating growth potential in the EV charging industry.
ChargePoint's second quarter financial results reflect progress in revenue and margin growth, driven by innovative product offerings and strategic partnerships. The company's commitment to operational excellence and market expansion position it for continued success in the EV charging sector.