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ChargePoint Q2 Beats Estimates as Eaton Partnership Drives New Chargers

ChargePoint logoChargePoint
Sig3.05Sen+4.15Env+1.35Soc+0.60Gov+0.10

ChargePoint reported Q2 revenue of $116.1M, up 17.7% year over year and above analysts’ $105.2M estimate, with adjusted EPS of -$0.35 versus -$0.85 expected. Adjusted EBITDA was -$4.75M, with growing subscription margin. An Eaton partnership helped launch a new express DC fast charging line aimed at reducing customer costs, with Europe leading while U.S. demand faces uncertainty from expiring tax credits.

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