| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 163.37 | 16.2% | 47.4% |
| Total Income | 163.37 | 16.2% | 47.4% |
| Expenditure | 144.65 | 8.9% | 52.5% |
| PBT | — | ||
| Net Profit | 12.14 | 4146.7% | 12.4% |
| OPM | 11.46% | 5.97pp | 2.97pp |
| NPM | 7.43% | 7.64pp | 5.07pp |
| EPS | 0.07 | 12.5% |
Shoals Technologies Reports Q2 2026 Financial Results
04 Aug 2026 · 4 Aug, 4:52 pm
Summary
Shoals Technologies Group announced its financial results for the second quarter of 2026, with revenue increasing by 47.4% year-over-year to $163.4 million. Income from operations rose to $18.7 million, while Adjusted EBITDA grew to $31.6 million. The company's backlog and awarded orders also saw a significant increase of 19.4% year-over-year, reaching $801.4 million. Management noted that the year is progressing well, with results within expectations, and highlighted the resilience of the market and strategic expansion into high-growth markets.
Key Highlights
- 1
Shoals Technologies Group reported second quarter revenue of $163.4 million, an increase of 47.4% compared to the prior-year period.
- 2
Income from operations for the second quarter was $18.7 million, up from $16.0 million in the prior-year period.
- 3
Net income for the second quarter was $12.1 million, compared to $13.9 million in the prior-year period.
- 4
Adjusted EBITDA for the second quarter was $31.6 million, an increase from $24.7 million in the prior-year period.
- 5
The Company's backlog and awarded orders reached $801.4 million as of June 30, 2026, a 19.4% increase year-over-year.
- 6
Gross profit as a percentage of revenue declined to 30.3% in Q2 2026 from 37.2% in Q2 2025, primarily due to operational inefficiencies and product mix.
Management Comments
Brandon Moss
The year is progressing well, with second quarter revenue and Adjusted EBITDA within our expected range. The market remains resilient as evidenced by our record backlog and awarded orders of $801.4 million. We have completed the move into our new facility and are steadily making progress towards improving productivity. At Shoals, we’ve stayed focused on strengthening our core business while strategically expanding into high-growth markets that are shaping the future of energy, and that strategy is yielding results. With our market position, manufacturing footprint, and innovation pipeline, we believe we’re exceptionally well positioned for what lies ahead and we’re excited by the opportunities in front of us.
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