EV charging network ChargePoint's Q3 revenue beats expectations

Reuters12-05 05:21

EV charging network ChargePoint's Q3 revenue beats expectations

Overview

ChargePoint Q3 revenue grew 6% yr/yr, beating analyst expectations
Subscription revenue increased 15% yr/yr, boosting gross margins
Company reduced debt by $172 mln post-quarter, over 50% reduction

Outlook

ChargePoint expects Q4 revenue between $100 mln and $110 mln

Result Drivers

SUBSCRIPTION REVENUE - Subscription revenue increased 15% yr/yr, contributing to improved gross margins
DEBT REDUCTION - Co reduced debt by $172 mln post-quarter, strengthening financial position
NEW PLATFORM - Release of ChargePoint Platform aims to enhance station performance and customer response

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Beat	$105.67 mln	$96.71 mln (9 Analysts)
Q3 Net Income		-$52.48 mln
Q3 Gross Margin		31%
Q3 Basic EPS		-$2.23
Q3 Gross Profit		$32.49 mln
Q3 Pretax Profit		-$51.59 mln

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for ChargePoint Holdings Inc is $11.00, about 31.7% above its December 3 closing price of $8.35

Press Release: ID:nBw7zN2wGa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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equipment peer group is \"buy.\"</p></li><li><p>Wall Street's median 12-month price target for ChargePoint Holdings Inc is $11.00, about 31.7% above its December 3 closing price of $8.35</p></li></ul><p>Press Release: <span>ID:nBw7zN2wGa</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4096","symbol_name":"电气部件与设备","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251204:nL1N3XA15A:1","article_id":"2589372098","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2589372098","pubTimestamp":1764883319,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"EV charging network ChargePoint's Q3 revenue beats expectationsOverviewChargePoint Q3 revenue grew 6% yr/yr, beating analyst expectationsSubscription revenue increased 15% yr/yr, boosting gross margin","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4096":"电气部件与设备","CHPT":"ChargePoint Holdings Inc.","BK4551":"寇图资本持仓","BK4542":"充电桩","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"电动汽车充电网络ChargePoint第三季度收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHPT":0.9},"content_text":"EV charging network ChargePoint's Q3 revenue beats expectationsOverviewChargePoint Q3 revenue grew 6% yr/yr, beating analyst expectationsSubscription revenue increased 15% yr/yr, boosting gross marginsCompany reduced debt by $172 mln post-quarter, over 50% reductionOutlookChargePoint expects Q4 revenue between $100 mln and $110 mlnResult DriversSUBSCRIPTION REVENUE - Subscription revenue increased 15% yr/yr, contributing to improved gross marginsDEBT REDUCTION - Co reduced debt by $172 mln post-quarter, strengthening financial positionNEW PLATFORM - Release of ChargePoint Platform aims to enhance station performance and customer responseKey DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueBeat$105.67 mln$96.71 mln (9 Analysts)Q3 Net Income-$52.48 mlnQ3 Gross Margin31%Q3 Basic EPS-$2.23Q3 Gross Profit$32.49 mlnQ3 Pretax Profit-$51.59 mlnAnalyst CoverageThe current average analyst rating on the shares is \"hold\" and the breakdown of recommendations is 1 \"strong buy\" or \"buy\", 8 \"hold\" and 2 \"sell\" or \"strong sell\"The average consensus recommendation for the electrical components & equipment peer group is \"buy.\"Wall Street's median 12-month price target for ChargePoint Holdings Inc is $11.00, about 31.7% above its December 3 closing price of $8.35Press Release: ID:nBw7zN2wGaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. 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