On July 18, 2014, Stephenson signed a three-year, $27 million contract with the Charlotte Hornets. On November 7, 2014, he won the game for the Hornets in double overtime with a buzzer-beating three-point shot to defeat the Atlanta Hawks 122–119, finishing with his first double-double as a Hornet with 17 points and 13 rebounds. On January 14, 2015, against the San Antonio Spurs, Stephenson returned from a 14-game absence due to a pelvic sprain.
