Quarterly ResultAug 4, 2026, 07:07 AM
Shoals Q2 Revenue $163.4M; Adjusted EBITDA $31.6M
AI Summary
Shoals Technologies Group announced its second quarter 2026 results, with revenue increasing 47.4% to $163.4 million and Adjusted EBITDA rising to $31.6 million. However, net income decreased to $12.1 million, and gross profit percentage declined due to operational inefficiencies and product quality matters. The company reported a record backlog and awarded orders of $801.4 million and reaffirmed its full-year 2026 outlook.
Key Highlights
- Q2 2026 Revenue increased 47.4% to $163.4 million.
- Q2 2026 Income from Operations rose to $18.7 million.
- Q2 2026 Net Income was $12.1 million, down from $13.9 million YoY.
- Q2 2026 Adjusted EBITDA grew to $31.6 million.
- Backlog and Awarded Orders reached a record $801.4 million, up 19.4% YoY.
- Gross profit percentage declined to 30.3% from 37.2% YoY.
- Reaffirmed full-year 2026 revenue outlook of $600 million to $640 million.
Price Impact
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