Beam Global reported second-quarter 2026 revenue of $8.6 million, up 21% from $7.1 million in the same period last year and exceeding the Wall Street consensus of $7.52 million. The company also posted an adjusted net loss of $3.1 million, or $0.14 per share, beating analyst expectations for a $0.22 loss per share. Shares rose 5.22% to close at $1.21 during regular trading and climbed another 15% in after-hours dealings to $1.39, roughly 20.9% above the prior session’s close of $1.15.
The San Diego-based energy technology firm narrowed its GAAP net loss to $3.1 million from $4.3 million in Q2 2025, reflecting a reduction in operating expenses to $4.5 million from $5.9 million a year earlier. The prior-year figure included a $1.4 million stock grant. Gross profit edged up to $1.5 million from $1.4 million, though gross margin contracted to 17.8% from 20.3%, with both periods including $700,000 in non-cash depreciation and intangible amortization. Adjusted non-GAAP gross margin declined to 26.2% from 29.6%.
First-half results showed continued improvement, with a net loss of $9.9 million, or $0.47 per share, compared with a $19.8 million loss, or $1.30 per share, in the first six months of 2025. The prior-year period included a $10.8 million goodwill impairment. The company maintained zero debt and a $100 million untapped credit line, with a current ratio of 1.47.
Operational progress included the completion of a manufacturing relocation from San Diego to Yuma, Arizona, expected to yield approximately $2.7 million in rent savings over the five-year lease term. Beam Global also secured over $500,000 in orders for drone and autonomous robotics battery systems in a single week and added two new patents, one in Europe for battery solutions and another in the U.S. for energy generation technology. A breakthrough battery technology designed for AI data centers was selected for presentation at IECON 2026 in Qatar from among 1,800 submissions.
CFO Lisa Potok highlighted the sequential acceleration, noting revenue grew 174% from Q1 2026’s $3.1 million. CEO Desmond Wheatley emphasized the company’s vertical integration across energy, mobility, and intelligence, and described autonomous vehicle charging infrastructure as deployable "without any human intervention and without any unit cost for the energy."
