Shares of ChargePoint Holdings (NYSE: CHPT) plummeted 19.8% on Thursday morning after the company reported a fiscal Q1 2026 loss of $0.12 per share, which was double the anticipated loss of $0.06. Additionally, sales decreased by 8.8% year over year, totaling $97.6 million, falling short of analysts’ expectations of over $100 million. The disappointing earnings report, which ended on April 30, led to a significant decline in investor confidence.