NYSE$CHPT
Chargepoint Holdings Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
ChargePoint achieved revenue growth and margin improvement.
ChargePoint reported a strong second quarter with revenue exceeding the top end of guidance, driven by growth across all verticals and geographies. Revenue increased 93% year-over-year, marking the company's first $100 million quarter. GAAP and Non-GAAP gross margins also improved quarter-over-quarter.
- Revenue reached $108 million, exceeding the high end of quarterly guidance.
- Revenue grew 93% year-over-year, achieving the first $100 million quarter.
- GAAP and Non-GAAP gross margin improved sequentially.
- Company reaffirmed full-year revenue guidance.
Headline financials
Revenue & EPS history
ChargePoint · Revenue · Quarterly
$108M
Revenue by segment
ChargePoint · $108M total across 3 segments · Q2 2023
- Networked Charging Systems$84.1M—77.7%
- Subscriptions$20.2M—18.7%
- Other$3.9M—3.6%
Forward guidance
ChargePoint anticipates third quarter revenue between $125 million and $135 million. The company confirms full-year revenue guidance between $450 million and $500 million.
Tailwinds
- Third quarter revenue is expected to increase by 100% compared to the prior year’s same quarter.
- Full-year revenue is expected to increase by 96% compared to the prior year.
- Non-GAAP gross margin is projected to be between 22% and 26% for the full year.
- Continued expectation of revenue between $450 million and $500 million for the full fiscal year.
- Non-GAAP operating expenses are expected to increase by 50% compared to the prior year.
Headwinds
- Guidance for non-GAAP financial measures excludes certain items, making direct comparison to GAAP measures difficult.
- The company is unable to reconcile its non-GAAP financial guidance to the corresponding GAAP measures due to uncertainties.
- Actual amounts of reconciling items will have a significant impact on ChargePoint's GAAP gross margin and GAAP operating expenses.
- Supply chain interruptions, delays and expense increases may adversely affect sales, revenue and gross margins
- Potential adverse effects on revenue and gross margins due to supply chain disruptions, component shortages and related expense increases
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2023
+0.8%
Avg return
Earnings day
-2.2%
Avg return
5 days after
-6.7%
Avg return
30 days after
52%
13 / 25 earnings
Positive
+21.8%
Q3 2026
Best reaction
-18.2%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +7.9% | -10.0% | — | |
| Q4 2026 | -9.2% | -16.8% | -26.2% | |
| Q3 2026 | +21.8% | +9.5% | -17.4% | |
| Q2 2026 | -6.7% | -2.6% | +10.8% | |
| Q1 2026 | -4.6% | -3.0% | -39.1% | |
| Q4 2025 | +9.6% | +4.5% | -12.6% | |
| Q3 2025 | +16.4% | +20.7% | +0.0% | |
| Q2 2025 | -18.2% | -24.7% | -16.5% | |
| Q1 2025 | +8.9% | +6.0% | +8.9% | |
| Q4 2024 | -6.8% | -7.2% | -12.1% | |
| Q3 2024 | +13.1% | +17.1% | +12.1% | |
| Q2 2024 | -13.4% | -20.8% | -40.6% | |
| Q1 2024 | -6.2% | -2.1% | -9.1% | |
| Q4 2023 | +0.0% | -7.3% | -5.5% | |
| Q3 2023 | -6.3% | -12.3% | -23.3% | |
| Q2 2023 | +8.2% | -3.6% | -0.7% | |
| Q1 2023 | -7.4% | +8.3% | +1.8% | |
| Q4 2022 | +5.0% | +10.1% | +37.9% | |
| Q3 2021 | +1.2% | -2.6% | -16.3% | |
| Q3 2022 | +1.2% | -2.6% | -16.3% | |
| Q2 2021 | +8.6% | +4.1% | -8.7% | |
| Q1 2021 | +3.0% | +8.1% | +17.3% | |
| Q4 2020 | -2.8% | -13.7% | -3.4% | |
| Q4 2021 | -2.8% | -13.7% | -3.4% | |
| Q3 2020 | +0.5% | +0.5% | +0.9% | |
| Q2 2020 | — | — | — | |
| Q1 2019 | — | — | — |
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