Earnings release
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Beam Global Reports Second Quarter 2026 Operating Results Exhibit 99.1 174 % Revenue Increase , 31 Percentage Points GM Improvement Over First Quarter 2026 - SAN DIEGO , CA - August 19 , 2026 – Beam Global , ( Nasdaq : BEEM ) , ( the “ Company ” ) , a leading provider of innovative and sustainable infrastructure solutions for transportation , energy security and smart city infrastructure , today announced its second quarter operating results for the period ended June 30 , 2026 . Q2 2026 and Recent Company Highlights : Financial : • • • • • Q2 2026 revenue $ 8.6M , an increase of 174 % over Q1 2026 and 21 % year - over - year . 17.8 % gross margin in Q2 2026 ; 26.2 % excluding non - cash depreciation and amortization . FH Operating Expenses reduced by over $ 400k $ 5.4 million backlog as of June 30 , 2026 No Debt , $ 100 million unused line of credit . Operational : • Received more than $ 0.5 million in drone and autonomous robotics battery orders within a single week , expanding Beam's presence in advanced battery applications . • Continued expanding advanced battery technology across high - growth applications , including drones , military systems , AI - driven robotics and industrial applications , and wildfire detection technologies . • • AI / data - center battery opportunity advanced , battery design for AI infrastructure accepted for presentation from 1,800 submissions at IECON 2026 in Qatar . Received European patent for Smart Battery Solutions and U.S. patent for integrated wind and solar power generation system , strengthening Beam's intellectual property portfolio . • Continued leveraging Federal GSA and Sourcewell procurement channels , including a fourth EV ARC ™ order from Dallas ( 10 systems ) , 10 EV ARC ™ systems and an ARC Mobility ™ trailer for Stanislaus County and 6 additional EV ARC ™ systems for the City of Long Beach . • Expanded EV ARC ™ deployments in Massachusetts through a new CommunityEV carshare pilot , demonstrating applications for off - grid charging in community mobility programs . • Expanded recurring - revenue EV ARC ™ deployments across Europe , including a sponsorship - funded rental in Serbia and additional deployments in Barcelona , Madrid , and Montenegro . • • • Smart City solutions are deployed in more than 30 cities across five nations . Relocated manufacturing operations to Yuma , Arizona - approximately $ 2.7 million in rent savings over the lease term . Product portfolio featured at Make it in the Emirates 2026 in Abu Dhabi , UAE