ChargePoint Holdings reported fiscal second quarter results ending July 31, 2026, with revenue of $116 million, an 18% year-over-year increase that exceeded guidance ranges. Subscription revenue rose 10% to $44 million, while GAAP gross margin improved to 36%. The company posted a GAAP net loss of $35.6 million and a non-GAAP adjusted EBITDA loss of $4.8 million, both significant improvements from prior year levels. Cash and equivalents stood at $95.7 million with approximately 27 million shares outstanding. ChargePoint appointed John Saffrett as Executive Vice President for Europe and announced new partnerships with Eaton, Mercedes-Benz, Optimus Energy Solutions, Onvo, and Portland International Airport to expand its charging infrastructure network. The company operates in the electric vehicle (EV) charging industry, providing hardware, software, and services for EV drivers and fleet operators.

ChargePoint Holdings announced a global workforce reduction of approximately 10% effective July 29, 2026, estimating aggregate restructuring costs of $6 million primarily for severance and facility expenses. The company expects to complete the reorganization during fiscal year 2027, with costs incurred mainly in the second and third quarters. Concurrently, Chief Revenue Officer John “David” Vice separated from his role on July 28, 2026, entering a four-month transition period before fully departing. ChargePoint reaffirmed its revenue guidance of $100 million to $110 million for the second quarter ended July 31, 2026. The company operates in the electric vehicle charging infrastructure industry.

ChargePoint Holdings, Inc. entered into a first amendment to the Severance and Change in Control Agreement with CEO Richard Wilmer on June 29, 2026. The amendment removes the scheduled termination date of the agreement, extending its duration until Mr. Wilmer's eventual separation from the company. ChargePoint Holdings, Inc. provides electric vehicle charging solutions and software services.