Should You Buy or Sell ChargePoint (CHPT) Stock Before Earnings?

ChargePoint (NYSE:CHPT) has been gaining by double digits ahead of its earnings report tomorrow. CHPT stock is down 30.7% year-to-date, but the stock bottomed out and is now up 33.7% in the past month.

Is the company turning a corner, and should you buy ahead of earnings? Let’s take a look.

Earnings Expectations for ChargePoint

Management guided Q1 FY 2026 revenue at $95 million to $105 million and expects that at least one quarter this year will show positive adjusted EBITDA. Analyst estimates are near the midpoint of its guidance. Zacks expects $100.5 million in sales and a $0.05 loss per share.

Historically, earnings reports have been quite unpredictable here. ChargePoint has missed revenue and EPS (minus non-recurring items) estimates on two of the five previous earnings reports. It has beaten the revenue estimate by just 0.18% in the last quarter.

Should You Buy or Sell CHPT Stock Now?

Cost cuts, a leaner workforce, and a push toward software-heavy margins set the stage for either an upside jolt or another disappointment. Investors must weigh those figures against an industry that is changing fast because Tesla’s (NASDAQ:TSLA) NACS plug is becoming the de facto standard and because federal charging support has slowed under the new administration.

ChargePoint says the coming year will include its first profit-positive quarter on an adjusted basis. Consensus does not believe it, at least not yet.

I’m one of them, as Tesla has been dominating the charging business. As such, I lean bearish on CHPT stock now. The accelerating dilution trend is also worrisome as the share buyback ratio has gone from -0.76% to -3.48% in the past year. On top of that, ChargePoint already has $312 million in debt vs. just $225 million in cash.

A good quarter will, of course, lead to a short-term rally, but the long-term here is not very promising.