Beam Global Reports Q2 2026 Earnings and Operational Highlights
Beam Global (BEEM) reported second-quarter revenue of $8.6 million for the quarter ending June 30, 2026, marking a significant increase from both year-over-year ($7.1 million in Q2 2025) and sequentially ($3.1 million in Q1 2026). The company attributed this growth to converting a substantial portion of its backlog into shipments during the quarter. The firm ended the second quarter with $5.4 million in remaining backlog, while also relocating manufacturing operations from San Diego to Yuma, Arizona—a move expected to save approximately $2.7 million over five years on rent alone. Beam Global remains debt-free and has an unused $100 million line of credit. Gross profit for the quarter was reported at $1.5 million with a gross margin of 17.8%. Adjusted non-GAAP gross margin, excluding depreciation and amortization costs, stood at 26.2%, slightly down from 29.6% in Q2 2025 but expected to improve as volume increases.
Topics: financial results Q2 earnings call