ChargePoint’s third quarter was marked by a positive market reaction, driven by better-than-expected revenue growth and initial signs of improved operational discipline. Management attributed the quarter’s performance to expanded partnerships with automotive and fleet customers, as well as successful cost reduction initiatives. CEO Rick Wilmer emphasized that ChargePoint’s “relentless pursuit of operational excellence” led to lower operating expenses and a reduction in cash consumption. The company also highlighted increased utilization across its charging network, reflecting broader growth in electric vehicle adoption.
Is now the time to buy CHPT? Find out in our full research report (it’s free for active Edge members).
ChargePoint (CHPT) Q3 CY2025 Highlights:
- Revenue: $105.7 million vs analyst estimates of $95.89 million (6.1% year-on-year growth, 10.2% beat)
- Adjusted EPS: -$1.32 vs analyst estimates of -$1.31 (in line)
- Adjusted EBITDA: -$19.45 million (-18.4% margin, 32% year-on-year growth)
- Revenue Guidance for Q4 CY2025 is $105 million at the midpoint, above analyst estimates of $102.4 million
- Adjusted EBITDA Margin: -18.4%
- Market Capitalization: $220.7 million
While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.
Our Top 5 Analyst Questions From ChargePoint’s Q3 Earnings Call
- Colin Rusch (Oppenheimer) asked about expectations for gross margin trajectory and sales productivity. CFO Mansi Khetani said margin improvement would be gradual, with significant benefits next year, and CEO Rick Wilmer credited sales leadership changes for better sales process efficiency.
- Bill Peterson (JPMorgan) questioned the impact of potential tariffs and ChargePoint’s manufacturing flexibility. Wilmer clarified the company does not manufacture in China and can shift production to the U.S. if needed to mitigate risks.
- Mark Delaney (Goldman Sachs) inquired about management’s confidence in business momentum post-trough. Wilmer pointed to growing EV diversity and Khetani cited green shoots from deals in fleet, commercial, and residential segments.
- Steven Fox (Fox Advisors) wanted more detail on hardware versus software margin trends. Khetani explained that both are expected to improve, with hardware margins benefiting from Asia manufacturing and software margins from a growing installed base.
- Craig Irwin (Roth Capital Partners) asked about contributions from new versus existing products to future revenue and the Omni Port solution’s readiness. Wilmer stated most near-term growth will come from existing products, while Omni Port is set to address connector compatibility and generate incremental service revenue.
Catalysts in Upcoming Quarters
Looking ahead, the StockStory team will focus on (1) the pace of next-generation software and hardware rollouts and customer adoption, (2) the realization of margin improvements as Asia-based manufacturing ramps up, and (3) execution on cost controls and operating expense discipline. The progress of network utilization trends and expansion in key verticals, such as fleet and residential, will also be critical to ChargePoint’s trajectory.
ChargePoint currently trades at $9.42, up from $8.62 just before the earnings. In the wake of this quarter, is it a buy or sell? The answer lies in our full research report (it’s free for active Edge members).
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