Beam Global Announces Preliminary Third Quarter 2026 Revenue Growth of 8% Year Over Year, Advancing Strong Core Business and Strategic Expansion into Drone Technology
Key Highlights
- ➤Q3 preliminary revenue approximately $6.2 million, up 8% year over year
- ➤Beam Global agreed to acquire ScoutDI for approximately $24 million
- ➤ScoutDI acquisition expected to close in November 2026
- ➤Beam plans U.S. and European manufacturing of ScoutDI drone systems
Expert Statements
Desmond Wheatley, CEO of Beam Global
“Our third quarter results demonstrate the strength of our core business and the progress we continue to make across our markets.”
Desmond Wheatley, CEO of Beam Global
“The acquisition of ScoutDI represents a significant opportunity to build on our existing capabilities, bringing together our established customer base, engineering expertise, manufacturing capabilities and global footprint with ScoutDI’s advanced drone technology.”
Desmond Wheatley, CEO of Beam Global
“This positions Beam Global to develop a vertically integrated drone business serving commercial, government and defense markets.”
SAN DIEGO, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Beam Global (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for energy storage and security, electrification of mobility, and smart city infrastructure, today announced preliminary, unaudited revenue of approximately $6.2 million for the third quarter ended September 30, 2026 an increase of 8% compared to $5.8 million for the third quarter of 2025. The preliminary results reflect the continued performance of Beam Global’s core business, providing a strong foundation as the Company prepares to expand into the rapidly growing drone technology market through its pending acquisition of ScoutDI.
These figures are preliminary and unaudited. They are estimates based on information available as of the date of this release and remain subject to change in connection with the completion of the Company's quarter-end closing procedures and the review of its financial statements.
Get started
Create a free account to read the full story.