While sharp movements on a chart can be unsettling, they often mask the underlying story of a company's evolving strategic operations. Stock structure changes create significant market noise, smoke signals that create a fog of war that, in ChargePoint's case, masks the company's improving fundamentals.
ChargePoint (NYSE:CHPT) shares fell almost 15% after the provider of EV charging solutions announced a reverse stock split at a ratio of 1-for-20, effective as of Monday's market open. The company said the reverse stock split aims to increase its share price to remain compliant with New York Stock Exchange listing standards.
The electric vehicle (EV) industry is still in its early stages in the U.S., and its near-term outlook isn't exactly rosy. While automakers still say they're committed to EVs, many have scaled back production goals or paused some investments.
ChargePoint reported disappointing Q1/FY2026 results, with sales coming in below consensus expectations and material cash usage. While gross margins continued to improve, a combination of higher operating expenses and lower sales resulted in a sequential drop in Adjusted EBITDA. Persistently challenging market conditions resulted in the company guiding Q2 revenues well below consensus expectations.
ChargePoint Q1 Earnings: Another Weak Quarterly Report
ChargePoint Holdings, Inc. (NYSE:CHPT ) Q1 2026 Earnings Conference Call June 4, 2025 4:30 PM ET Company Participants John Paolo Canton - Corporate Participant Mansi Khetani - CFO & Chief Accounting Officer Richard Wilmer - President, CEO & Director Conference Call Participants Colin William Rusch - Oppenheimer & Co. Inc., Research Division Operator Ladies and gentlemen, good afternoon. My name is Kate, and I'll be your conference operator for today.
While the top- and bottom-line numbers for ChargePoint (CHPT) give a sense of how the business performed in the quarter ended April 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
ChargePoint Holdings, Inc. (CHPT) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.11 per share a year ago.
CHPT Q1 gross margin is likely to remain stable despite an anticipated drop in revenues.
In the latest trading session, ChargePoint Holdings, Inc. (CHPT) closed at $0.73, marking a +0.76% move from the previous day.
In the most recent trading session, ChargePoint Holdings, Inc. (CHPT) closed at $0.60, indicating a +1.09% shift from the previous trading day.
In the most recent trading session, ChargePoint Holdings, Inc. (CHPT) closed at $0.63, indicating a +0.48% shift from the previous trading day.