Quarterly ResultJun 3, 2026, 04:13 PM
ChargePoint Q1 FY27 Revenue $101.8M (+4% YoY); Launches Express Solo Charger
AI Summary
ChargePoint Holdings, Inc. announced its first quarter fiscal year 2027 financial results, reporting a 4% year-over-year revenue increase to $101.8 million, exceeding guidance. The company also highlighted a 7% growth in subscription revenue and improved net loss figures. Key business developments include the launch of the Express Solo EV charger, a new Chief Marketing and Growth Officer appointment, and a partnership to deploy charging ports.
Key Highlights
- ChargePoint reported Q1 FY2027 revenue of $101.8 million, a 4% increase year-over-year.
- Subscription revenue grew 7% year-over-year to $41 million.
- GAAP gross margin was 29%, and non-GAAP gross margin was 32%.
- GAAP net loss decreased 24% year-over-year to $43.2 million.
- Non-GAAP net loss improved 39% year-over-year to $18.3 million.
- Launched Express Solo, the world's fastest standalone EV charger.
- Appointed Jyothi Swaroop as Chief Marketing and Growth Officer.
- Partnered with OBE Power to deploy 2,500 charging ports at multifamily residences.
Price Impact
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