Revenue: As of FY2026 Q2, the actual value is USD 8.562 M, beating the estimate of USD 8.193 M.

EPS: As of FY2026 Q2, the actual value is USD -0.14.

EBIT: As of FY2026 Q2, the actual value is USD -3.078 M.

Segment Revenue

Beam Global reported revenues of $8.562 million for the second quarter of 2026, a 21% increase from $7.075 million in the second quarter of 2025, and a 174% increase compared to $3.1 million in the first quarter of 2026. Non-government commercial customers contributed 62% of revenues, while state and local government customers accounted for 38%. Sales outside the United States represented 47% of revenues in Q2 2026 and 48% for the first half of 2026, an increase from 37% a year earlier. Revenues for the six months ended June 30, 2026, were $11.690 million, down from $13.399 million in the same period of 2025.

Gross Profit and Margin

Gross profit for the second quarter of 2026 was $1.5 million, with a gross margin of 17.8%, compared to $1.4 million (20.3%) in Q2 2025. Excluding non-cash depreciation and amortization, the adjusted Non-GAAP gross margin was 26.2% for Q2 2026, down from 29.6% a year earlier. For the six months ended June 30, 2026, gross profit was $1.113 million (9.5%), compared to $1.935 million (14.4%) in the prior year period.

Operating Expenses

Operating expenses for the second quarter of 2026 were $4.5 million, a decrease from $5.9 million in the prior year, which included a $1.4 million stock grant. Operating expenses for the six months ended June 30, 2026, were $10.8 million, significantly lower than $22.0 million a year earlier, which included a $10.8 million non-cash goodwill impairment charge and the $1.4 million stock grant. First-half 2026 expenses included a $1.6 million increase in the provision for credit losses, partially offset by reductions in salaries and benefits, facilities, and other general and administrative expenses. First half operating expenses were reduced by over $400,000.

Net Loss

Beam Global reported a net loss of -$3.080 million, or -$0.14 per share, for the second quarter of 2026, an improvement from a net loss of -$4.278 million, or -$0.28 per share, in the second quarter of 2025. The Q2 2026 net loss included $1.1 million in non-cash charges. For the six months ended June 30, 2026, the net loss was -$9.935 million, compared to -$19.801 million for the same period in 2025. Total comprehensive loss was -$3.330 million for Q2 2026 and -$10.494 million for the first half of 2026.

Unique Financial Metrics

As of June 30, 2026, Beam Global had a backlog of $5.4 million. The company reported no debt and an unused line of credit totaling $100 million. The relocation of manufacturing operations to Yuma, Arizona, is expected to result in approximately $2.7 million in rent savings over the lease term.

Operational Highlights

Beam Global received over $0.5 million in drone and autonomous robotics battery orders within a single week. The company expanded its advanced battery technology across high-growth applications, including drones, military systems, AI-driven robotics, industrial applications, and wildfire detection technologies. A battery design for AI infrastructure was accepted for presentation at IECON 2026, and the company secured a European patent for Smart Battery Solutions and a U.S. patent for an integrated wind and solar power generation system. EV ARC™ deployments expanded in Massachusetts and across Europe, with Smart City solutions now deployed in over 30 cities across five nations.

Outlook / Guidance

Management anticipates improved margins as sales volumes rebound and ongoing cost reduction initiatives take effect. Beam Global plans to continue expanding its platform to enhance its role in drones, autonomous vehicles, robots, and data centers. The company remains focused on financial discipline, expecting millions in lease payment savings from its manufacturing relocation and having reduced operating expenses by almost half a million dollars in the first half of the year.