Severe Q1 miss highlights order-timing risk and weak US federal EV demand, but the sharp backlog growth and strong Q2 start suggest a potential inflection. Monitor Q2 earnings closely for revenue recognition on the $9M backlog and confirmation of recovery trajectory.
Price Chart
Executive Summary
Beam Global reported Q1 2026 revenue of $3.1M, down 51% YoY and missing consensus of $7.3M. GAAP EPS of $(0.33) missed the $(0.21) estimate by 57%. Backlog grew 50% to $9M and Q2 revenue to date has already surpassed Q1 total, but underlying revenue weakness from order timing and reduced US federal EV spending remains a concern.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $3.128M, down 51% YoY vs $6.324M
- GAAP EPS $(0.33) vs consensus $(0.21) — significant miss
- Gross loss of $(0.415)M, negative 13.3% margin
- Backlog increased 50% to $9.0M from $6.0M at year-end
- Q2 2026 revenue through May 15 already exceeds entire Q1
- No debt, $100M unused line of credit
Financial Impact
Revenue miss of ~$4.2M (57%); EPS miss of $(0.12) per share
Risk Factors
- Continued US federal EV policy headwinds
- Order-timing volatility and seasonality
- Customer concentration and Middle East instability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-017420 |
| Document: beem20260515_8k.htm | 0001437749-26-017420 |
| Document: 0001437749-26-017420-index-headers.html | 0001437749-26-017420 |
| Document: 0001437749-26-017420-index.html | 0001437749-26-017420 |
| Document: 0001437749-26-017420.txt | 0001437749-26-017420 |
| 8-K Data (Synthetic) | 0001437749-26-017420 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Press Release | $0.9090 | awaiting T+60 | — | $0.9090 (−0.00%) |
Oct 15, 2026 11d ago | 8-K | $0.8928 | awaiting T+60 | — | $0.9090 (+1.81%) |
Oct 15, 2026 12d ago | Press Release | $0.9594 | awaiting T+60 | — | $0.9090 (−5.25%) |
Oct 13, 2026 13d ago | Press Release | $1.04 | awaiting T+60 | — | $0.9090 (−12.17%) |
Oct 7, 2026 20d ago | 8-K | $1.08 | awaiting T+60 | — | $0.9090 (−15.83%) |
Oct 1, 2026 26d ago | Press Release | $1.13 | awaiting T+60 | — | $0.9090 (−19.56%) |
Sep 22, 2026 4w ago | 8-K | $1.28 | awaiting T+60 | — | $0.9090 (−28.98%) |
Sep 22, 2026 5w ago | Press Release | $1.28 | awaiting T+60 | — | $0.9090 (−28.98%) |
Sep 17, 2026 5w ago | Press Release | $1.35 | awaiting T+60 | — | $0.9090 (−32.67%) |
Aug 19, 2026 9w ago | Press Release | $1.36 | awaiting T+60 | — | $0.9090 (−33.16%) |
US Market Status
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