ChargePoint Q4 revenue rises

Reuters03-05
ChargePoint Q4 revenue rises

Overview

  • EV charging solutions provider's fiscal Q4 revenue grew 7%, beating analyst expectations

  • Subscription revenue for fiscal Q4 rose 11% yr/yr

Outlook

  • ChargePoint expects Q1 fiscal 2027 revenue between $90 mln and $100 mln

Result Drivers

  • SUBSCRIPTION REVENUE - Subscription revenue grew 11% yr/yr, contributing to improved gross margins

Company press release: ID:nBw66r47Wa

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$109.32 mln

$104.70 mln (8 Analysts)

Q4 Net Income

-$44.4 mln

Q4 Gross Margin

31%

Q4 Basic EPS

-$1.85

Q4 Gross Profit

$34.40 mln

Q4 Pretax Profit

-$43.05 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 $9.50, about 46.8% above its March 3 closing price of $6.47

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