ChargePoint Holdings, Inc.

Good afternoon, and thank you for standing by, and welcome to ChargePoint's second quarter fiscal year 2026 financial results conference call. Please be advised, today's conference is being recorded, and a replay will be available on ChargePoint's investor relations website. I would now like to hand the conference over to AJ Gosselin, Director of Corporate Communications.

Good afternoon and thank you for joining us on today's conference call to discuss ChargePoint second quarter fiscal 2026 earnings results. This call is being webcast and can be accessed on the investor section of our website at investors.chargepoint.com. With me on today's call are Rick Wilmer, our Chief Executive Officer, and Monte Kitani, our Chief Financial Officer. This afternoon, we issued our press release announcing results for the quarter ended July 31, 2025, which can be found on our website. We'd like to remind you that during the conference call, management will be making forward-looking statements, including our outlook for the third quarter of fiscal 2026. These forward-looking statements involve risks and uncertainties, many of which are beyond our control and could cause actual results to differ materially from our expectations. These forward-looking statements apply as of today, and we undertake no obligation to update these statements after the call. For a more detailed description of certain factors that could cause actual results to differ, please refer to our Form 10-Q filed with the SEC on June 6, 2025, and our earnings release posted today on our website and filed with the SEC on Form 80-K. Also, please note that we use certain non-GAAP financial measures on this call which we reconciled the gap in our earnings release and for certain historical periods in the investor presentation posted on the investor section of our website. And finally, we'll be posting a transcript of this call to our investor relations website under the quarterly results section. Thank you. I will now turn the call over to our CEO, Rick Wilmer.

Good afternoon, and thank you for joining the ChargePoint second quarter fiscal 2026 earnings call. We are pleased to report solid results for the quarter. Second quarter revenue was $99 million, landing at the top of our guidance range. The non-GAAP gross margin improved sequentially with Q2 results coming in at 33%. This figure is notable as the highest gross margin we've reported since becoming a public company, and we successfully mitigated tariffs to achieve it. Cash management was exceptional, with our ending balance at 195 million, only 2 million below Q1's close, largely driven by structural OPEX changes we've been making over the last year. Our collaboration with GN is also progressing, with nearly a dozen sites and more than 50 new fast-charging ports and many more scheduled to launch this year. Overall, ChargePoint now manages over 363,000 ports, including more than 37,000 DC fast chargers and 123,000 located in Europe. Globally, ChargePoint drivers can access nearly 1.3 million charging ports. We achieved this performance despite the uncertainty, particularly in North America. Within the U.S., passenger EV sales growth slowed to a 3% year-over-year increase. The forthcoming expiration of the consumer 30D EV tax and 30C alternative fuel vehicle refueling credit are also sources of concern for future EV adoption, along with the evolving tariff landscape. This has translated into delays for major projects we have won and extended expansion build outs, but no project cancellations. So, while we are making solid progress on our path to non-GAAP adjusted EBITDA breakeven, as we saw over the past year. Considering these delays and their impact on revenue, we've determined we will be best positioned if we push out our EBITDA breakeven beyond this year. This is to ensure we can fund product innovation and commercialization efforts, which we expect to drive durable revenue growth. Uncertainty aside, we believe our go-to-market strategy and innovation put us on a firm footing to drive growth win market share, and hit EBITDA positive in the coming quarters. Regarding our go-to-market strategy, we are rapidly operationalizing our partnership with Eaton, and that work will be largely completed this quarter. Since this partnership was announced in May, we continue to build confidence that together we will accelerate the deployment of electric vehicle charging infrastructure across North America and Europe. We have already introduced our co-branded product, expanded our channel reach, accessed new strategic accounts, and started generating new streams of revenue together. We are delivering innovation, which has been accelerated and expanded because of our partnership with Eaton. The express line of DC charging solutions powered by Eaton and announced last week combines the strengths of both companies to deliver more power and less space with massive scalability along with the easiest and fastest installation. It features Eaton hardware for grid connectivity plus V2G capabilities. The net result will be substantially lower CapEx and operating costs and faster deployment timelines. It will change the game in terms of the economics of DC fast charging for our customers. We are also co-developing bi-directional home charging solution with advanced energy management. The integration of ChargePoint's Flex Plus chargers with Eaton's Able Edge smart panels and breakers enables vehicles to supply backup power to homes and also automatically adjust EV charging based on the home energy usage to allow homeowners to install EV charging. The behind-the-meter insights will help utilities manage grid stress and transformer loads. We expect this synergistic type of innovation will deliver real value to homeowners, utilities, and auto OEMs, while at the same time driving market share gains. Both the new express line of DC solutions and flex product line were designed to not only deliver market differentiation, but also cost effectiveness. We expect both product lines to have a positive impact on our hardware gross margins. Moving to markets, Europe seems promising going forward. Road Motion reports a 26% year-over-year increase in European EV sales during the first half of the year, which is a strong indicator of future charging demand in Europe. We believe the current infrastructure cannot support such growth. With the innovation and new products we are delivering, we will be well situated to capture much of this demand. In summary, despite an uncertain environment causing delays, we delivered strong results. We are operationalizing our strategic eating partnership, which accelerates innovation and expands our reach. We are delivering game-changing products poised to strengthen our market share and profitability. Internally, our team continues to execute with excellence. Our long-term thesis remains intact, validated by the strength of our pipeline, the positive reaction to our new products, and the new partners and customers we're actively signing. I will now turn the call over to our Chief Financial Officer, Mansi Katani.