Beam Global Announces Preliminary Second Quarter 2026 Revenue Up More Than 170% From Q1 And More Than 20% Year-Over-Year
Rhea-AI Summary
Beam Global (Nasdaq: BEEM) reported preliminary, unaudited second quarter 2026 revenue of more than $8.5 million, representing growth of over 170% versus first quarter 2026 and more than 20% compared with second quarter 2025. These figures are based on currently available information and may change following quarter-end closing and review.
According to Beam Global, revenue growth was supported by an expanded portfolio and broader international penetration, including its first commercial sale in the Middle East and continued European expansion. Q2 2026 revenues were generated across drone battery systems, defense and military applications, AI-driven robotics and industrial applications, wildfire detection technologies, battery energy storage, off-grid EV charging, smart city and urban mobility infrastructure in over 30 cities across five countries, public lighting, telecommunications, and traffic and transportation infrastructure.
Preliminary, unaudited GAAP gross margin for Q2 2026 is estimated at approximately 15%–18%, with Beam Global attributing improvement mainly to higher volumes absorbing fixed overhead and ongoing cost-reduction and international efficiency initiatives. The company highlighted expected future cost benefits from relocating manufacturing to Yuma, Arizona, including about $2.7 million in reduced lease payments over five years and anticipated additional labor and operational savings. Beam Global plans to file its complete unaudited Q2 2026 financial results on Form 10-Q on or before August 14, 2026.
Positive
- Preliminary Q2 2026 revenue >$8.5M, over 170% above Q1 2026 and >20% year-over-year
- Preliminary GAAP gross margin 15%–18% for Q2 2026, with improvement attributed to volume leverage and cost initiatives
- $2.7M lease cost reduction over five years from relocating manufacturing to Yuma, Arizona
- Diversified revenue base across EV charging, energy storage, drones, AI, defense, wildfire detection and multiple infrastructure categories
- International footprint expansion including first commercial sale in the Middle East and deployments in 30+ cities across 5 countries
Negative
- All disclosed Q2 2026 revenue and margin figures are preliminary and unaudited and remain subject to change after quarter-end review
News Explained
For the July 14 preliminary revenue disclosure, the latest reported liquidity baseline was
Sources and calculations
- Beam Global July 14, 2026 preliminary Q2 revenue release (2026-07-14)
- Beam Global first-quarter 2026 fundamentals (2026-03-31)
- Form 10-Q purpose (periodic)
- Cash and equivalents vs quarterly operating cash outflow, in days of cash use $1,973,000 / ($2,268,000 / 90) = [object Object]
Market reaction after 2Q26 preliminary revenue update: BEEM -5.36% in the Jul 14 session
In the Jul 14 session, BEEM declined 5.36%, reflecting a notable negative market reaction. Argus tracked a peak move of +23.0% during that session. Argus tracked a trough of -5.0% from its starting point during tracking. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 25 | Manufacturing relocation | Positive | -4.0% | Announced move of manufacturing to Yuma, Arizona to lower costs and rents. |
| Jun 16 | Patent grant | Positive | +11.9% | Secured European patent protection for Smart Phase Change Composite battery tech. |
| Jun 02 | Product deployment | Positive | -1.3% | Deployed six additional EV ARC systems for City of Long Beach, including airport. |
| May 15 | 1Q26 earnings report | Negative | -17.3% | Reported weak Q1 with revenue down 51% year over year and negative margin. |
| May 14 | Earnings date notice | Neutral | -6.5% | Scheduled Q1 2026 results release and conference call for May 15, 2026. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent history shows mixed reactions, with sharp moves both up and down and three of the last five news days trading against the apparent tone of the headlines.
Key Terms
gaap financial
form 10-q regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN DIEGO, July 14, 2026 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation, energy security and smart city infrastructure, today announced that preliminary, unaudited revenue for the second quarter of 2026 exceeded
These figures are preliminary and unaudited. They are estimates based on information available as of the date of this release and remain subject to change in connection with the completion of the Company's quarter-end closing procedures and the review of its financial statements.
Revenue growth during the quarter was driven by continued expansion of Beam Global's diversified portfolio of proprietary products and technologies, alongside increasing international market penetration. Growth was supported by the Company's first commercial sale in the Middle East and continued expansion across Europe. Whilst in the past revenues were derived almost entirely from the sale of the Company’s EV ARC™ product, Beam Global’s product and geographic diversification resulted in Q2, 2026 revenues being generated through sales of the following:
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Preliminary, unaudited GAAP gross margin for the second quarter of 2026 was approximately
The Company also recently announced future savings of
The Company's growing portfolio of proprietary technologies, expanding international operations, and increasing adoption across commercial, government, and defense markets continue to validate Beam Global's growth strategy.
“We are simultaneously increasing our revenues, our opportunities to generate revenues, and our vertically integrated capabilities. At the same time, we are taking meaningful steps to significantly reduce our costs and improve our margins," said Desmond Wheatley, CEO of Beam Global. "We have created a portfolio of products which is addressing all the most relevant industries today: drones; AI; energy generation and storage; defense and military applications; sustainable transportation and mobility and a host of other applications. We are now delivering those products into the most active and vibrant geographies and markets, specifically the United States, Europe, and the Middle East. Our second quarter revenue streams categorically demonstrate that our diversification efforts are working. And, we remain focused on disciplined capital management and profitable growth as we scale.”
The Company expects to file its complete, unaudited financial results for the second quarter of 2026 in its Quarterly Report on Form 10-Q on or before August 14, 2026, in accordance with applicable SEC filing deadlines.
For more information about Beam Global’s sustainable EV charging solutions, visit www.BeamForAll.com or contact BeamTeam@BeamForAll.com.
About Beam Global
Beam Global is a sustainable technology innovator which develops and manufactures infrastructure products and technologies. We operate at the nexus of innovative and reliable energy, transportation and smart cities solutions with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage, energy security and intelligent Infrastructure. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced innovative technology solutions that power transportation, provide secure sources of electricity, enable Smart City services, save time and money, and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL, Belgrade and Kraljevo, Serbia and Abu Dhabi, UAE. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit, BeamForAll.com, LinkedIn, YouTube, Instagram and X.
Forward-Looking Statements
This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.
Investor Relations
Luke Higgins
+1 858-261-7646
IR@BeamForAll.com
Media Contact
Lisa Potok
+1 858-327-9123
Press@BeamForAll.com
