Quarterly ResultJul 14, 2026, 06:01 AM
Beam Global Q2 2026 Revenue Exceeds $8.5M, Up 170% QoQ
AI Summary
Beam Global announced preliminary, unaudited revenue for the second quarter of 2026 exceeded $8.5 million, marking an increase of over 170% from Q1 2026 and more than 20% from Q2 2025. The company also reported preliminary GAAP gross margin of 15% to 18% for the quarter, driven by higher volumes and cost-reduction initiatives, including $2.7 million in future lease savings from a manufacturing relocation. This growth was attributed to product and geographic diversification, including new sales in the Middle East and continued expansion in Europe.
Key Highlights
- Preliminary Q2 2026 revenue exceeded $8.5 million.
- Revenue increased over 170% compared to Q1 2026.
- Revenue increased over 20% compared to Q2 2025.
- Preliminary Q2 2026 GAAP gross margin was approximately 15% to 18%.
- Revenue growth driven by product and geographic diversification.
- First commercial sale in the Middle East and continued European expansion.
- Relocation of manufacturing to Yuma, Arizona, to save $2.7M in lease payments.
Price Impact
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