| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 8.56 | 173.5% | 20.9% |
| Total Income | 8.56 | 173.5% | 20.9% |
| Expenditure | 11.56 | 17.5% | 0.2% |
| PBT | — | ||
| Net Profit | -3.08 | 55.1% | 28.0% |
| OPM | -34.99% | 28.15pp | |
| NPM | -35.97% | 24.49pp | |
| EPS | -0.14 | 57.6% | 50.0% |
Beam Global Reports Q2 2026 Operating Results with 174% Revenue Increase
20 Aug 2026 · 20 Aug, 2:58 am
Summary
Beam Global reported strong second quarter 2026 operating results, with revenue surging to $8.6 million, a 174% increase compared to Q1 2026 and a 21% increase year-over-year. The company achieved a gross margin of 17.8% (26.2% adjusted non-GAAP) and reduced operating expenses by over $400k in the first half of the year. Management highlighted the expansion of its intellectual property and product portfolio into high-growth industries like drones and AI data centers, with international operations contributing significantly to revenue growth.
Key Highlights
- 1
Q2 2026 revenue reached $8.6 million, marking a significant 174% increase over Q1 2026 and a 21% rise year-over-year.
- 2
The company achieved a gross margin of 17.8% in Q2 2026, improving to 26.2% when excluding non-cash depreciation and amortization.
- 3
Operating expenses were reduced by over $400k in the first half of the year.
- 4
As of June 30, 2026, Beam Global held a backlog of $5.4 million.
- 5
The company received over $0.5 million in drone and autonomous robotics battery orders within a single week.
- 6
Beam Global secured European and U.S. patents for its Smart Battery Solutions and integrated wind and solar power generation system, respectively.
- 7
Manufacturing operations were relocated to Yuma, Arizona, projected to save approximately $2.7 million in rent over the lease term.
Management Comments
Desmond Wheatley
Beam Global's intellectual property and product portfolio is demonstrably a platform for our expansion into the most vibrant and relevant industries of today. We are providing energy generation and battery storage solutions for drones, AI data centers, robotics, autonomous vehicles, mobility, and smart cities solutions. Our product portfolio expansion has enabled us to generate revenues from a host of new products based upon our underlying patented technologies, creating opportunities that simply did not exist for us a couple of years ago. Our international expansion has massively increased our market presence and pool of prospective customers. Our European operations are now generating approximately half of our revenues and have contributed significantly to the 174% quarter-over-quarter growth that we've just delivered. We believe that we are creating significant pent-up demand in the Middle East so that when the disruption in that region comes to an end, we will have another opportunity to create significant growth for our company. We intend to continue to expand and leverage the platform that we are creating so that we become increasingly important to drones, autonomous vehicles, robots, and the vastly increased energy requirements coming from the rapid expansion of data centers. I believe that you will see us playing an increasingly significant role in these industries in the coming periods. While doing all of this, we remain laser focused on financial discipline, reducing our operating expenses by almost half a million dollars in the first half of this year. We are taking other significant cost-cutting measures, such as moving our manufacturing from San Diego, California, to Yuma, Arizona, where we will save millions of dollars in lease payments and also take advantage of many other benefits resulting from that move. I applaud the Beam team for their efforts, and I'm excited by the significant moats that we are creating around our technology portfolio as we advance our platform globally into the most exciting industries of our age.
Informational and educational content only. Not investment advice.