Beam Global (Nasdaq: BEEM) reported second quarter 2026 revenue of $8.6 million, marking a 174% increase over the first quarter of 2026 and a 21% rise compared to the $7.1 million logged in the same period last year. The energy storage and security provider recorded a net loss of $3.1 million ($0.14 per share), narrowing from the $4.3 million loss ($0.28 per share) reported in the second quarter of 2025.

The revenue growth was primarily fueled by the integration of European operations, which now account for approximately half of the company’s total revenues. International sales represented 47% of total revenues in the quarter, up from 37% a year earlier. The company maintained a backlog of $5.4 million as of June 30, 2026.

Financial Performance

Gross profit stood at $1.5 million, resulting in a gross margin of 17.8%, down from 20.3% in the prior year quarter. Both periods included $0.7 million in non-cash charges related to depreciation and amortization. Excluding these items, the adjusted non-GAAP gross margin was 26.2%, compared to 29.6% a year earlier.

Operating expenses declined to $4.5 million from $5.9 million in the second quarter of 2025. The prior year figure included a $1.4 million stock-based compensation grant; excluding this item, operating expenses remained essentially flat year-over-year. For the first half of 2026, operating expenses were $10.8 million, significantly lower than the $22.0 million recorded in the first half of 2025, which included a $10.8 million non-cash goodwill impairment charge.

What the Numbers Show

The divergence between GAAP and non-GAAP metrics highlights the impact of non-cash accounting adjustments on reported profitability. While the GAAP net loss improved by $1.2 million year-over-year, the non-GAAP net loss before tax widened slightly from $(1.8) million to $(2.0) million. This indicates that the improvement in the bottom line was driven largely by the absence of the significant goodwill impairment charge and large stock grants recorded in the prior year, rather than a fundamental shift in operational cash generation efficiency during the current quarter.

Balance Sheet and Liquidity

Beam Global ended the quarter with $1.025 million in cash, up from $969,000 at year-end. The company reported no debt and maintains an unused line of credit of $100 million. Total assets decreased to $38.1 million from $42.7 million, while total liabilities remained relatively stable at $17.9 million.

Operational Updates

The company highlighted several strategic developments:

• Secured more than $0.5 million in drone and autonomous robotics battery orders within a single week.
• Advanced AI/data-center battery opportunities with a design accepted for presentation at IECON 2026 in Qatar.
• Received European and U.S. patents for smart battery solutions and integrated wind/solar power systems.
• Expanded EV ARC deployments across Europe, including Serbia, Spain, and Montenegro, and launched a carshare pilot in Massachusetts.
• Relocated manufacturing operations to Yuma, Arizona, projecting $2.7 million in rent savings over the lease term.

CEO Desmond Wheatley attributed the growth to the company’s expanded product portfolio and geographic reach, noting that European operations contributed significantly to the quarter-over-quarter revenue surge. The company plans to continue leveraging its intellectual property platform to address energy requirements in drones, autonomous vehicles, and data centers.

Beam Global (Nasdaq: BEEM) announced that its technical paper on high-pulse-power battery design for artificial intelligence data centers has been accepted for presentation at IECON 2026. The conference, organized by the IEEE Industrial Electronics Society, will take place in Qatar in October 2026.

The paper, titled "Designing Batteries for the AI Era: A Specific-Resistance Design Framework for AI Datacenter DC-Bus Surge-Buffer," was selected from more than 1,800 submissions. It is scheduled for presentation in the conference’s dedicated Data Center track. The research was developed in collaboration with the University of Illinois at Chicago.

Technology Application

Beam Global’s battery technology is designed to deliver large amounts of power over periods ranging from seconds to minutes. In data center applications, this capability smooths rapid changes in power demand, reducing the impact of fluctuations on upstream electrical infrastructure while supporting backup power.

According to the company, this architecture can save data center operators money and enable operations in capacity-constrained locations. It also provides a layer of energy security to prevent interrupted operations.

Desmond Wheatley, CEO of Beam Global, stated that the intellectual property and manufacturing experience gained from delivering batteries for advanced defense systems, drones, robots, and other critical devices led to this development. He noted the technology addresses the increasingly demanding pulse-power and power-smoothing requirements of AI data centers.

Market Context

Beam Global is pursuing opportunities in the data center market as increasing AI and computing workloads drive demand for reliable, high-power energy infrastructure. According to MarketsandMarkets, the global data center battery market is estimated at approximately $4.8 billion in 2026. The market is projected to reach approximately $10.2 billion by 2032.

What the Numbers Show

The acceptance of the paper from a pool of more than 1,800 submissions indicates significant peer recognition within the industrial electronics sector. Furthermore, the cited market projection suggests a potential doubling of the addressable market size between 2026 and 2032, highlighting the sector’s growth trajectory driven by AI infrastructure demands.

Next Steps

Beam Global plans to participate in The Battery Show in Detroit in October. The company will reveal its data center battery technology to both industry and research audiences at the event.