ChargePoint stock fell 3.88 percent despite a Q2 revenue beat

Published on 10/05/2026 at 20:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ChargePoint stock was trading at USD 8.93 on October 5, 2026, while second-quarter revenue reached USD 116.1 million. Analysts kept a Reduce consensus and a USD 7.07 target.

CHPT, US15961R3030, Illustration mit AI erstellt.

ChargePoint stock (ISIN US15961R3030) was trading at USD 8.93 on October 5, 2026, down 3.88 percent at 2:29 p.m. ET on the NYSE. The move puts the share price below the USD 12.61 52-week high, while the company works to convert stronger operating metrics into sustainable profitability.

ChargePoint's latest quarterly figures provide the central counterweight to the session decline. For the quarter ended July 31, 2026, revenue rose 18 percent year over year to USD 116.1 million, exceeding the company's guidance range of USD 100 million to USD 110 million, according to Yahoo Finance. That comparison matters because the result was not simply higher in absolute terms; it also cleared the top end of management's own range by USD 6.1 million.

Margins improved in Q2

The quality of the growth improved alongside the top line. ChargePoint reported a non-GAAP gross margin of 38 percent in fiscal second quarter 2027, up from 33 percent a year earlier, while non-GAAP operating expenses fell 11 percent to USD 52.3 million, Yahoo Finance reported. The improvement was partly supported by tariff refunds, making the underlying cost trend important for judging whether the margin gain can persist.

ChargePoint also guided for fiscal third-quarter revenue of USD 105 million to USD 115 million for the quarter ending October 31, 2026. The midpoint of USD 110 million is USD 6.1 million below the second-quarter revenue, so the next report will test whether the latest sales level represents a durable base or a temporary peak.

Analysts remain cautious

Market sentiment has not fully caught up with the operating improvement. According to MarketBeat on September 29, 2026, ten analysts held a consensus Reduce rating, with seven Holds and three Sells. The average 12-month price target was USD 7.07, while the high and low targets were USD 9.00 and USD 5.00.

At USD 8.93, the stock was USD 1.86 above the average target, equivalent to the price standing 26.3 percent above that consensus level. The contrast between an improved Q2 revenue and margin profile and a valuation above the average target leaves profitability execution as the central issue for the next earnings update.

ChargePoint stock trades below its yearly high

ChargePoint stock was last at USD 8.93 on the NYSE on October 5, 2026 at 2:29 p.m. ET. Its 52-week range was USD 4.44 to USD 12.61, and its market capitalization was USD 231.3 million.