U.S.-based electric vehicle charging solutions company ChargePoint has reported total revenue of $105.67 million in the third quarter (Q3) of the financial year (FY) 2026, a 6% year-over-year (YoY) increase from $99.6 million.

f $96.71 million.

The revenue comprised $56.4 million from its networked charging systems business, up 7% YoY from $52.66 million. It earned $42 million from subscriptions, a 15.3% YoY increase from $36.41 million. ChargePoint’s revenue from other sources was $7.3 million, declining 31% YoY from $10.5 million.

The net loss was $52.5 million, down 32% from $77.6 million in the prior year’s same quarter.

ChargePoint’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) resulted in a loss of $19.45​ million, a 32% rise from a $28.6 million loss in the same quarter last year.

The company’s earnings per share (EPS) came in at -$2.23, compared to -₹3.56 in Q3 FY 2025, missing the -$1.35 estimate.

The company’s performance was driven primarily by an increase in its residential business following the expiration of federal electric vehicle (EV) credits. Its commercial business also performed well.

In an earnings call, Rick Wilmer, CEO at ChargePoint, stated that the North American market is experiencing steady sales demand. Demand in Europe is robust and accelerating because of considerable opportunities across key markets.

“As we move into calendar year 2026, especially the second half, Europe stands out as a potential growth engine, fueled by favorable regulatory support, rapid EV adoption, and substantial infrastructure investments. This creates an ideal environment for ChargePoint Holdings, Inc. to lead with our innovative new offerings,” said Wilmer.

ChargePoint aims to capitalize on the consolidation of the competitive landscape in North America and Europe to expand and strengthen its market presence.

Wilmer added that the momentum under the U.S.’s National Electric Vehicle Infrastructure (NEVI) program is building again, with over 40 states announcing new EV infrastructure plans.

NEVI is a $5 billion Bipartisan Infrastructure Law-funded federal initiative to build a national network of reliable, accessible EV charging stations.

“We continue to deliver NEVI-funded projects, including a recent installation in Landhope, Pennsylvania, where ChargePoint supplied all charging hardware during Q3,” stated Wilmer.

9M FY 2026

During the first nine months (9M) of FY 2026, ChargePoint reported a total revenue of $301.9 million, a 4.2% YoY decrease from $315.2 million.

The revenue comprised $158.87 million from its networked charging systems business, down 12.8% YoY from $182.18 million. It earned $120 million from subscriptions, a 13%% YoY increase from $106 million. ChargePoint’s revenue from other sources was $23.11 million, dropping 14.2% YoY from $27 million.

The net loss was $94.1 million, improving 29% from $132.5 million net loss in the same period last year.

Adjusted EBITDA resulted in a loss of $64.31 million, a nearly 35% YoY rise from a loss of $99.2 million.

The company’s EPS came in at -$7.57 during this period, compared to -$10.18 in the same quarter the previous year.

Operational Highlights

ChargePoint manages approximately 375,000 ports, including more than 39,000 DC fast chargers and over 127,000 ports in Europe. The company’s drivers have access to 1,350,000 public and private charging ports globally.

Mansi Katani, CFO at ChargePoint, said the company expects hardware margins to remain at current levels until it begins selling its existing higher-cost hardware inventory.

“Now, in the current hardware margin that you see today, we are seeing some benefit of Asia manufacturing. But we expect to see larger improvements from Asia manufacturing as we sell through our existing inventory, and as we start releasing new products, we’ll expect margin improvement. But that should come in towards the latter half of next year. But overall, hardware margin always depends on the final mix,” said Katani.

The company has introduced a new DC product line, ChargePoint Express, this financial year, powered by the power management company, Eaton. This platform is a bidirectional-capable solution that ChargePoint claims can be deployed with up to 30% lower capital expenditure, a 30% smaller footprint, and up to 30% lower ongoing operational costs.

ChargePoint’s new AC product line integrates with Eaton’s Able Edge smart breaker and smart panel technology to enable cost-effective vehicle-to-home and vehicle-to-grid charging, eliminate costly panel upgrades, and accelerate deployment.

At the end of Q3 FY 2026, ChargePoint reduced its debt by $172 million.

The company expects revenues to range from $100 million to $110 million in Q4 FY 2026.

In Q2 FY 2026, ChargePoint reported a net loss of $66.2 million, improving approximately 4% YoY from a loss of $68.9 million.

ChargePoint reported a revenue of $97.6 million in Q1 FY 2026, a 9% YoY decline from $107 million. The revenue missed analyst expectations by $2.9 million.