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Rick Wilmer leads ChargePoint Holdings to 70% stock surge following record-breaking second-quarter fiscal 2027 results

ChargePoint Holdings CEO Rick Wilmer reported that the company's stock soared more than 70% on Thursday following second-quarter fiscal 2027 results that exceeded Wall Street expectations for both revenue and earnings. The company reported revenue of $116.1 million and a loss per share of 35 cents, surpassing analyst estimates of $105.2 million in revenue and a loss of 85 cents. Rick Wilmer noted that the growth is starting to accelerate, driven by new products and technology. The company achieved record high gross margins and revenue, supported by strong hardware shipments and operational efficiencies. While the company's performance was assisted by a one-time tariff refund of approximately $4.2 million, the company stated its normalized gross margin would have set a new record regardless of the refund. Wilmer stated that the company is approaching profitability on an earnings before interest, taxes, depreciation and amortization basis. The company's third-quarter guidance includes revenue between $105 million and $115 million, representing a mid-point increase of roughly 4% year-over-year.

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