ChargePoint Holdings, Inc. reported fourth‑quarter 2026 results on March 4, 2026, with revenue of $109.32 million—up 7 % year‑over‑year and exceeding the consensus estimate of $104.70 million. The company posted a quarterly loss of $0.54 per share, beating analysts’ expectation of a $1.07 loss and indicating tighter cost control and stronger subscription performance.
Revenue growth was driven by a 10 % increase in networked charging systems revenue to $57.6 million and an 11 % rise in subscription revenue to $42.5 million. The higher mix of subscription services, which carry higher margins, helped offset the modest decline in legacy hardware sales and supported the overall revenue beat.
ChargePoint’s earnings per share loss of $0.54 per share was a beat against the $1.07 estimate, largely due to disciplined operating expenses and a favorable shift toward higher‑margin subscription contracts. The company’s non‑GAAP gross margin reached a record 33 %, flat sequentially and up 3 percentage points year‑over‑year, reflecting the growing contribution of subscription revenue and improved pricing power.
Net cash usage for the quarter was not disclosed; however, full‑year net cash usage improved to $43 million from $133 million in FY 2025, underscoring the company’s ongoing deleveraging. Cash and cash equivalents at quarter end stood at $141.6 million, providing a solid liquidity cushion as ChargePoint continues to invest in its AC platform and the Eaton partnership to expand margin potential.
CEO Rick Wilmer said the fourth quarter “continued to strengthen our operational foundation, manage the business with discipline, and deliver innovation that matters to our customers.” CFO Mansi Khetani noted that revenue “came in at the high end of our guidance range, up 3 % sequentially and up 7 % year‑on‑year,” and that the non‑GAAP gross margin “continued to remain at a record high of 33 %.” The executives emphasized a focus on cost discipline, the ramp‑up of new products, and the strategic partnership with Eaton as key drivers of future growth.
Management guided for Q1 FY 2027 revenue of $90 million to $100 million, below the consensus estimate of $106.2 million. The weaker outlook, combined with the earnings beat, tempered investor enthusiasm and highlighted the company’s cautious view of near‑term demand. The guidance signals that while revenue growth remains positive, the company expects slower momentum in the short term as it balances investment in new platforms with cost control measures.
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