Why this name is on the tape
ChargePoint Holdings, Inc. (NYSE: CHPT) is a Campbell, California company that sells networked EV chargers and the software subscription that runs them. The EV market argument is usually litigated with automaker unit sales. The charging layer files its own P&L, and it has now printed the same July quarter across the build-out, the bust, and the turn.
This article reads that four-print arc as a different picture of the EV market. One charging company is not the whole market, and a revenue line is not a utilization meter. It is not a ranking of the stock and not a trade instruction.
Four July quarters: build-out, bust, turn
ChargePoint’s fiscal year ends in January, so its second quarter always ends 31 July. The same quarter has now printed four times across four very different EV tapes.
- For the quarter ended 31 July 2023, ChargePoint reported revenue of $150.5 million — the peak print of the charging build-out years.
- For the quarter ended 31 July 2024, ChargePoint reported revenue of $108.5 million, down 28% as the EV demand narrative broke.
- For the quarter ended 31 July 2025, ChargePoint reported revenue of $98.6 million, the bottom of the two-year slide.
- For the quarter ended 31 July 2026, ChargePoint reported revenue of $116.1 million, up 18% — the first re-acceleration in this window.
The U-shape is the story
Read as a tape of EV demand, that arc is not a straight line down. The slide from the 2023 peak to the 2025 trough cut about a third of revenue. The latest print recovered roughly a third of that slide and still sits about 23% under the peak. The different picture is a U-shape: the charging bust was real, and so is the turn.
The mix says infrastructure, not annuity
Inside the quarter ended 31 July 2026, networked charging systems were $62.9 million, up 25% from a year earlier. Subscriptions were $43.7 million, up 10%. Other revenue was $9.5 million.
The popular EV-market story says charging matures into a software annuity. This print says not yet: hardware grew more than twice as fast as subscriptions and still bills more. The network is still being built; the software tail is real but smaller and slower.
GAAP gross margin was 36%, versus 31% a year earlier. Non-GAAP gross margin was 38%, and the company said about four percentage points of that came from tariff refunds. A refund is not a repeatable price.
The loss line turned before the revenue line
For the quarter ended 31 July 2026, ChargePoint printed a GAAP net loss of $35.6 million, versus $66.2 million in the same quarter a year earlier and $68.9 million the year before that. The loss narrowed by roughly half while revenue was still below the 2023 peak.
Cash, cash equivalents, and restricted cash were $95.7 million at 31 July 2026. Net cash used in operating activities for the six months ended 31 July 2026 was $40.8 million. A narrower loss is not the same as operations funding the network.
What this does not tell you
A re-accelerated July quarter at one charging company is evidence that infrastructure spend turned before the automaker narrative did. It is not proof that the wider EV market has recovered, that subscriptions will outgrow hardware, or that the margin holds without another tariff refund. For fiscal Q3 2027, ending 31 October 2026, ChargePoint said it expected revenue of $105 million to $115 million — a company target that sits below the quarter just printed, not a print.
On MarketNeon, CHPT is a ticker like any other: price, volume, crowd mentions, and headlines can run hot on a guidance beat while the next quarter is still a target. This article is context for those prints. It does not rank the name, and it does not tell anyone to buy or sell.