Q2 2026 Beam Global Earnings Call Transcript
Key Points
- Beam Global (BEEM) reported a 21% year-over-year increase in revenue to $8.6 million in Q2 2026, with a 174% sequential increase from Q1, signaling a strong business re-acceleration.
- The company's strategic diversification is paying off, with Europe now contributing roughly the same revenue as the United States, and the battery business generating over $0.5 million in orders for drones and robotics in a single week.
- Beam Global (BEEM) is expanding its intellectual property portfolio with new patents for battery solutions and energy-generation technology, and its breakthrough battery technology for AI data centers was accepted for presentation at the prestigious IECON 2026 conference.
- The relocation of manufacturing to Yuma, Arizona is expected to generate approximately $2.7 million in rent savings over the five-year lease term, along with additional savings on labor, compliance, and taxes.
- The company maintains a strong balance sheet with no debt, an unused $100 million line of credit, and a significantly lower share count compared to its peers, providing dry powder for future large orders.
- Beam Global (BEEM) is seeing strong traction in Europe with high utilization rates (over 90%) for its deployed products and is expanding its recurring-revenue sponsorship model, which is proving to be a profitable and scalable business opportunity.
- Gross margin declined to 17.8% in Q2 2026 from 20.3% in the prior-year period, and adjusted non-GAAP gross margin also fell to 26.2% from 29.6%, reflecting ongoing fixed overhead costs and lower volumes.
- The company recorded a $1.1 million non-cash provision for credit losses related to a single customer balance, which negatively impacted first-half results.
- Beam Global (BEEM) continues to operate at a net loss, reporting a net loss of $3.1 million in Q2 2026, although this was an improvement from the $4.3 million loss in the prior-year quarter.
- The Middle East market, which the company views as a significant opportunity, remains hampered by ongoing regional conflict and uncertainty, delaying potential large orders and investments.
- The company's valuation remains 'stuck in a rut' with EV charging stocks, despite its broader technology platform, which management believes undervalues its diversified product offerings and growth potential.
- Backlog decreased to $5.4 million at the end of June, down from a higher level at the start of the quarter, as a substantial portion was converted into shipments, indicating a need to replenish the order book.
Good day and welcome to the Beam Global second-quarter 2026 operating results conference call.
(Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Lisa Potok, Chief Financial Officer. Please go ahead.
Good afternoon and thank you for participating in Beam Global's second-quarter 2026 operating results conference call. We appreciate you joining us today.
Desmond Wheatley, President, CEO, and Chairman of Beam Global is joining me. We are both in San Diego today. Desmond will be giving his thoughts on 2026 and providing an update on recent activities at Beam Global, followed by a question-and-answer session.
But, first, I'd like to remind you that, during this call, management will be making forward-looking statements, including statements that address Beam's expectations for future performance or operational results.
Forward-looking statements involve risks and other factors that may cause actual results
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