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Beam Global's Revenue Surges 21% Year-Over-Year
27 Aug
Summary
- Revenue reached $8.6 million, a 21% increase from the previous year.
- The company booked over $500,000 in battery orders in a single week.
- Manufacturing operations have been successfully relocated to Yuma, Arizona.
Beam Global announced its second quarter 2026 operating results, highlighting a substantial revenue increase of 21% year-over-year, reaching $8.6 million. This figure also represents a 174% surge compared to the first quarter, indicating a robust recovery and growth for the company. Management confirmed that a significant portion of the existing backlog was converted into shipments during the quarter, with the backlog standing at $5.4 million at the end of June.
Operationally, the quarter was marked by key achievements. The company secured over $500,000 in drone and autonomous robotics battery orders in a single week, demonstrating strong market demand. Furthermore, Beam Global extended its federal contracts and fulfilled repeat EV ARC orders from Stanislaus County and the City of Long Beach. Crucially, the company has successfully completed the relocation of its manufacturing operations to Yuma, Arizona, positioning it for future efficiency and growth.
