ChargePoint: Weak Quarter And Disappointing Outlook - Sell (Rating Downgrade)

  • ChargePoint reported disappointing Q1/FY2026 results, with sales coming in below consensus expectations and material cash usage. While gross margins continued to improve, a combination of higher operating expenses and lower sales resulted in a sequential drop in Adjusted EBITDA. Persistently challenging market conditions resulted in the company guiding Q2 revenues well below consensus expectations.