Beam Global (BEEM) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue reached $8.6 million, up 21% year-over-year and 174% sequentially, with international operations, especially Europe, now generating about half of total revenues.

• Gross profit was $1.5 million with a gross margin of 17.8%; adjusted non-GAAP gross margin was 26.2%.

• Net loss narrowed to $3.1 million ($0.14/share) from $4.3 million ($0.28/share) year-over-year; non-GAAP net loss was $2 million.

• The company remains debt-free, with an unused $100 million credit line and a cash balance of $1.0 million at quarter-end.

• Strategic diversification, especially in Europe and the battery business, is driving growth and expanding opportunities.

Financial highlights

• Q2 2026 revenue: $8.6 million (+21% YoY, +174% QoQ); six-month revenue: $11.7 million (-13% YoY).

• Gross margin: 17.8% GAAP (down from 20.3% prior year); adjusted non-GAAP margin: 26.2%.

• Operating expenses for Q2: $4.5 million, down from $5.9 million prior year; six months: $10.8 million, down from $22.0 million.

• Net loss: $3.1 million for Q2; six-month net loss: $9.9 million, improved from $19.8 million prior year.

• Backlog at quarter-end: $5.4 million.

Outlook and guidance

• Management expects margin improvement as volumes recover and cost reduction initiatives take effect.

• Anticipates continued growth in battery, drone, and international markets, with significant opportunities in Europe and the Middle East.

• Recurring revenue models and new business verticals (e.g., data centers, robotics) are expected to drive future profitability.

• Continued investment in sales, marketing, and product development to drive international and commercial growth.

• No specific quantitative guidance provided.