Updated Aug 20, 2026
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Beam Global Posts 174% Sequential Revenue Jump, European Sales Near Half of Total

SAN DIEGO, August 19. Beam Global (Nasdaq: BEEM) reported $8.6 million in second-quarter 2026 revenue, a 174% increase over the $3.1 million posted in the first quarter, the company said in an 8-K filing. The result also represents a 21% year-over-year gain against $7.1 million in the second quarter of 2025.

By Owen Gallagher2 min readBEEM
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Key takeaways

  • Beam Global reported $8.6 million in Q2 2026 revenue, a 174% jump from $3.1 million in Q1 and a 21% increase over $7.1 million in Q2 2025.
  • International sales made up 47% of Q2 revenue and 48% of first-half revenue, with European operations now generating roughly half of total revenues.
  • Net loss narrowed to $3.1 million, or $(0.14) per share, from $4.3 million, or $(0.28) per share, a year earlier.
  • Gross margin fell to 17.8% from 20.3% in Q2 2025, with adjusted non-GAAP gross margin at 26.2% versus 29.6% a year earlier.
  • Beam carries no debt, has an unused $100 million credit line, and a backlog of $5.4 million as of June 30, 2026.

SAN DIEGO, August 19. Beam Global (Nasdaq: BEEM) reported $8.6 million in second-quarter 2026 revenue, a 174% increase over the $3.1 million posted in the first quarter, the company said in an 8-K filing. The result also represents a 21% year-over-year gain against $7.1 million in the second quarter of 2025.

International sales carried most of the sequential growth. Shipments outside the United States accounted for 47% of Q2 revenue and 48% of first-half revenue, up from 37% a year earlier. European operations, the company said, are now generating roughly half of total revenues.

Revenue mix and margins

Non-government commercial customers made up 62% of second-quarter sales; state and local governments contributed 38%, compared with 66% and 32%, respectively, in the year-ago quarter. Backlog stood at $5.4 million as of June 30, 2026.

Gross profit came to $1.5 million, a margin of 17.8%, down from 20.3% in Q2 2025. Both periods carried $0.7 million in non-cash cost-of-revenue charges: $0.5 million of depreciation and $0.2 million of amortization from the All-Cell acquisition. Excluding those items, the adjusted non-GAAP gross margin was 26.2%, against 29.6% a year earlier.

Operating expenses fell to $4.5 million from $5.9 million in Q2 2025, though the prior-year figure included a $1.4 million stock grant issued in June 2025. Strip that out and expenses were essentially flat. For the first half of 2026, operating expenses were $10.8 million, against $22.0 million in the comparable period, which included a $10.8 million non-cash goodwill impairment charge and the stock grant.

Net loss narrowed to $3.1 million, or $(0.14) per share, from $4.3 million, or $(0.28) per share, a year earlier. The quarter's loss includes $1.1 million in non-cash charges. Beam carries no debt and an unused $100 million credit line.

Order activity and footprint

Beam said it received more than $0.5 million in drone and autonomous robotics battery orders within a single week. A battery design for AI infrastructure was selected for presentation at IECON 2026 in Qatar from 1,800 submissions, Beam Global disclosed.

EV charging deployments continued moving through government channels. Dallas placed a fourth EV ARC order covering 10 systems. Stanislaus County ordered 10 EV ARC units and an ARC Mobility trailer. The City of Long Beach added six EV ARC systems. A CommunityEV carshare pilot opened in Massachusetts. European installations added sites in Serbia, Barcelona, Madrid, and Montenegro; smart city solutions are now active in more than 30 cities across five nations.

The company also obtained a European patent for Smart Battery Solutions and a U.S. patent for an integrated wind and solar power generation system.

CEO Desmond Wheatley said the company relocated manufacturing from San Diego to Yuma, Arizona, a move expected to produce approximately $2.7 million in rent savings over the lease term. First-half 2026 results also include a $1.6 million increase in the provision for credit losses relating to a single customer balance, reserved in accordance with company policy, with collection efforts ongoing.

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Frequently asked

How much revenue did Beam Global report for Q2 2026?

Beam Global reported $8.6 million in second-quarter 2026 revenue, up 174% sequentially from $3.1 million in Q1 and up 21% year-over-year from $7.1 million.

What role did international sales play in the growth?

Shipments outside the United States accounted for 47% of Q2 revenue and 48% of first-half revenue, up from 37% a year earlier, and European operations now generate roughly half of total revenues.

Why did Beam Global relocate its manufacturing?

CEO Desmond Wheatley said the company moved manufacturing from San Diego to Yuma, Arizona, a move expected to produce approximately $2.7 million in rent savings over the lease term.

What new orders and deployments did Beam announce?

Beam received over $0.5 million in drone and autonomous robotics battery orders in a single week, and secured EV ARC orders from Dallas (10 systems), Stanislaus County (10 units plus a trailer), and Long Beach (six systems).

What drove the narrower net loss compared to a year earlier?

Net loss narrowed to $3.1 million from $4.3 million, helped by lower operating expenses of $4.5 million versus $5.9 million, though the prior year included a $1.4 million stock grant.