Beam Global Q1 revenue falls on large orders delays

Beam Global

15/05/2026 21:45

Overview

US sustainable infrastructure provider's Q1 revenue fell 51% yr/yr, missing analyst expectations

Q1 net loss widened and missed analyst estimates

Company says revenue decline due to order timing, seasonal Europe weakness, and lower US federal spending

Outlook

Q2 2026 revenue through May 15 has already surpassed total Q1 2026 revenue

Company expects first-half 2026 backlog and revenue growth driven by diversification strategy

Beam Global anticipates margin improvement as sales volumes recover and cost reductions continue

Result Drivers

ORDER TIMING - Co said revenue decline was mainly due to timing of large orders, with two major deliveries moving out of the quarter

SEASONAL EUROPE WEAKNESS - Co cited a seasonally slow quarter at its European operations as a factor in lower revenue

LOWER US FEDERAL SPENDING - Co said continued lack of federal government EV infrastructure spending contributed to revenue decline

Company press release: ID:nGNX3STk2R

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$3.13 mln
$7.33 mln (3 Analysts)
Q1 Net Income
Miss
-$6.86 mln
-$4.03 mln (3 Analysts)
Q1 Basic EPS
-$0.33
Q1 Income From Operations
-$6.71 mln
Q1 Operating Expenses
$6.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

Wall Street's median 12-month price target for Beam Global is $3.25, about 75.7% above its May 14 closing price of $1.85

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)