ChargePoint Surges More Than 50% After Beating Quarterly Expectations and Issuing Guidance

According to CNBC, ChargePoint Holdings shares jumped more than 50% in early trading Thursday after the electric vehicle charging company beat Wall Street's second-quarter expectations for its 2027 fiscal year and guided for continued improvement. CEO Rick Wilmer said the stock's move was just the beginning of the momentum and said growth is starting to accelerate, driven by new products and technology. ChargePoint reported revenue of $116.1 million and a loss of 35 cents per share for the quarter, compared with analyst estimates of $105.2 million in revenue and a loss of 85 cents, according to LSEG. The company said a one-time tariff refund of about $4.2 million helped results, though normalized gross margin would still have set a record without it. ChargePoint also said its third-quarter guidance for fiscal 2027 calls for revenue between $105 million and $115 million, implying a midpoint increase of about 4% from a year earlier.