Quarterly ResultAug 4, 2026, 07:52 AM
Shoals Q2 Revenue Up 47% to $163.4M; Net Income Down 12%
AI Summary
Shoals Technologies Group reported strong revenue growth for Q2 2026, with sales increasing 47.4% to $163.4 million. However, net income for the quarter declined by 12.4% to $12.1 million, and basic EPS fell to $0.07. The company also amended its Senior Secured Credit Agreement, increasing its Revolving Credit Facility by $50 million to $250 million, and continues to manage an estimated $73.0 million liability related to wire insulation shrinkback.
Key Highlights
- Q2 2026 revenue was $163.4 million, a 47.4% increase year-over-year.
- Q2 2026 net income decreased 12.4% to $12.1 million.
- Q2 2026 basic earnings per share was $0.07, down from $0.08 year-over-year.
- Six-month revenue reached $303.9 million, up 59.0% from the prior year.
- Net cash used in operating activities was $(34.6) million for the six months.
- Revolving Credit Facility increased by $50 million to an aggregate of $250 million.
- Inventory grew 105.5% to $184.7 million as of June 30, 2026, from December 31, 2025.
- Estimated total loss for wire insulation shrinkback remains $73.0 million.
Price Impact
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