UPDATE: Beam Global Announces Preliminary Third Quarter 2026 Revenue Growth of 8% Year Over Year, Advancing Strong Core Business for Strategic Expansion into Drone Technology
Key Highlights
- ➤Q3 preliminary revenue increased 8% year over year
- ➤Pending ScoutDI acquisition targets expansion into drone technology
- ➤ScoutDI deal would add autonomous drones and AI-enhanced software
- ➤Beam Global expects complete unaudited Q2 2026 results by November 16
Expert Statements
Desmond Wheatley, CEO of Beam Global
“Our third quarter results demonstrate the strength of our core business in the U.S. and internationally and the progress we continue to make across our markets.”
Desmond Wheatley, CEO of Beam Global
“We now have what I believe will be another huge opportunity to drive growth through sales and recurring subscription revenue in the rapidly growing drone space.”
Desmond Wheatley, CEO of Beam Global
“The acquisition of ScoutDI creates a significant opportunity to build on our existing capabilities by combining our established customer base, engineering expertise, particularly from our battery team, U.S. and European manufacturing capabilities, and global sales and marketing footprint with ScoutDI’s advanced drone technology.”
Desmond Wheatley, CEO of Beam Global
“This positions Beam Global to leverage the advanced technology platform we've created to add a vertically integrated drone and AI-enhanced software 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 for the third quarter ended September 30, 2026 with revenue increasing 8% compared to the third quarter of 2025. The preliminary results reflect the continued performance of Beam Global’s core business and acquisitions, providing a strong foundation as the Company prepares to expand into the rapidly growing drone technology market through its pending acquisition of ScoutDI, a European manufacturer of drones and AI-enhanced software tools for the drone industry.
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.
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