ChargePoint Rockets 74% as Q2 Revenue Beats and Loss Narrows

ChargePoint stock jumped about 74% after hours following a fiscal Q2 where revenue reached $116.1 million (up 18% YoY and above estimates) and adjusted EBITDA loss narrowed to $4.8 million. The gross margin rose to 38% (helped by a $4.2 million tariff refund; ex-refund margin would be ~35%). Management guided Q3 revenue to $105–$115 million, roughly in line with consensus. The company showed essentially zero cash burn and a hardware-led mix, but despite the rally the stock remains below its 52-week high, suggesting the move may reflect sentiment around a near-term beat rather than a proven turnaround.