The 51% revenue decline and negative gross margin are bearish, but the 50% backlog growth and Q2-to-date revenue exceeding Q1 total suggest a near-term inflection. Watch for Q2 2026 revenue confirmation and margin recovery; the $100M unused credit line provides a liquidity buffer. The stock's low market cap ($39M) amplifies volatility — any positive revenue surprise in Q2 could trigger a sharp rally.
Price Chart
Executive Summary
Beam Global reported Q1 2026 revenue of $3.1M (down 51% YoY) and a GAAP net loss of $(0.33)/share, beating the consensus EPS estimate of $(0.21) by 66.1%. Revenue missed the $7.3M consensus by 57.5%, driven by order timing, a slow European quarter, and lack of federal EV spending. Backlog grew 50% to $9.0M, and Q2-to-date revenue already exceeds Q1 total, but the sharp revenue decline and negative gross margin (-13.3%) are bearish signals.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $3.1M, down 51% YoY from $6.3M, missing $7.3M consensus by 57.5%
- GAAP EPS $(0.33) vs consensus $(0.21) — beat of 66.1% driven by lower share count and cost controls, not operational strength
- Gross loss of $(0.4M), negative gross margin of -13.3% vs positive 7.9% a year ago
- Backlog grew 50% QoQ to $9.0M from $6.0M; Q2 2026 revenue through May 15 already exceeds Q1 total
- Net loss $6.9M vs $15.5M a year ago; Non-GAAP net loss $3.7M vs $3.0M
- No debt; $100M unused line of credit; working capital $6.2M, down $2.7M from Dec 2025
- International revenue 51% of total (vs 25% a year ago); non-government commercial revenue up 48% YoY to 78% of total
Financial Impact
Revenue declined 51% YoY to $3.1M, missing consensus by $4.2M. GAAP net loss improved to $(6.9M) from $(15.5M) but non-GAAP loss widened to $(3.7M) from $(3.0M).
Risk Factors
- Revenue concentration in order timing and federal EV policy uncertainty
- Negative gross margin may persist if revenue does not recover in Q2
- $1.8M provision for credit losses on a single customer balance indicates counterparty risk
- Working capital declined $2.7M; cash burn continues despite cost controls
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3296143 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $0.8928 | awaiting T+60 | — | $0.9090 (+1.81%) |
Oct 15, 2026 11d 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 19d ago | 8-K | $1.08 | awaiting T+60 | — | $0.9090 (−15.83%) |
Oct 1, 2026 25d 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 4w 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%) |
Jul 14, 2026 14w ago | Press Release | $1.06 $1.08 | ▲ +1.89% | ▼ −1.49% | $0.9090 (−14.25%) |
US Market Status
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