Beam Global 2Q prelim gross margin ~15%-18%

Beam Global (Nasdaq: BEEM, BEEMW) reported preliminary gross margin estimates for the second quarter of 2026 in the range of 15% to 18%. This represents a continued improvement in the company’s profitability, building on its 2023 full-year gross margin of 2% and a Q4 2023 gross margin of 2%. The company attributes the improvement to increased production levels, favorable fixed overhead absorption, and cost-saving measures from engineering design changes and material cost reductions.

The anticipated gross margin for Q2 2026 follows Beam Global’s acquisition of Amiga DOO Kraljevo in late 2023, which added manufacturing and engineering capabilities in Europe and is expected to enhance production efficiency. The company also noted that its recent product development efforts, including the EV Standard™ and 160 mph wind-rated EV ARC™ systems, have contributed to improved cost structures and higher-value product offerings.

Beam Global’s Q2 2026 guidance also reflects the company’s strategic focus on expanding its presence in the European market, where it has secured key government contracts and is leveraging Amiga’s established customer relationships in 17 countries. The company’s ability to maintain a debt-free balance sheet and access a $100 million line of credit further supports its operational flexibility and capacity for growth.

While the preliminary gross margin estimate is subject to final adjustments and audit, it signals continued progress in Beam Global’s efforts to achieve sustainable profitability and operational efficiency.