ChargePoint Falls 11% After Q4 Beat and $95M Q1 Guidance
ChargePoint reported Q4 revenue of $109.3 million, up 7.3% year-over-year and beating the $104.7 million estimate, while its GAAP loss was $1.85 per share. It guided Q1 revenue at about $95 million versus a $103.8 million consensus, prompting an 11% share drop and an RBC Capital price-target cut to $6.50.
1. Q4 Results
ChargePoint reported revenue of $109.3 million for the fourth quarter, marking a 7.3% year-over-year increase and surpassing the $104.7 million estimate. The company recorded a GAAP loss of $1.85 per share, reflecting continued investments in network expansion and technology development.
2. Q1 Outlook
Management guided first-quarter revenue at approximately $95 million, below the $103.8 million consensus and signaling slower near-term demand growth. The conservative forecast reflects cautious customer buildouts and uneven electric vehicle adoption across North America.
3. Analyst Reactions
RBC Capital cut its price target from $9 to $6.50, citing uncertainty around demand timing and durability. Needham maintained a Hold rating, noting operational stabilization, double-digit subscription growth and record gross margins have extended the company’s liquidity runway.