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ChargePoint (CHPT) shares surged over 50% on September 3, after the EV charging company reported better-than-expected second-quarter revenue and earnings.
ChargePoint's Q2 FY2027 earnings, released on September 2, showed revenue of $116.1 million, an 18% year-over-year increase, surpassing both the company's guidance and analysts' expectations of $105 million. Concurrently, GAAP net loss narrowed by 46% to $35.6 million, adjusted net loss decreased by 72% to $9.2 million, and non-GAAP gross margin reached a record 38%. As of September 4, the stock had cumulatively risen approximately 74% over five trading days.
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