| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 195.31 | 19.6% | 43.8% |
| Total Income | 195.31 | 19.6% | 43.8% |
| Expenditure | 166.34 | 15.0% | 42.0% |
| PBT | — | ||
| Net Profit | 17.87 | 47.2% | 50.4% |
| OPM | 14.83% | 3.37pp | 1.08pp |
| NPM | 9.15% | 1.72pp | 0.40pp |
| EPS | 0.11 | 57.1% | 57.1% |
Shoals Technologies Reports Q3 2026 Financial Results, Revenue Up 43.8% YoY
04 Nov 2026 · 1d ago, 5:46 pm
Summary
Shoals Technologies Group announced strong third quarter 2026 results, with revenue increasing by 43.8% year-over-year to $195.3 million, driven by robust demand and market share capture. Income from operations rose to $29.0 million and net income reached $17.9 million. The company also raised its full-year 2026 outlook, reflecting confidence in continued market strength and operational improvements. Management highlighted the effectiveness of their strategy and their strong market position for future growth.
Key Highlights
- 1
Shoals Technologies Group reported third quarter 2026 revenue of $195.3 million, a significant increase of 43.8% compared to the prior-year period.
- 2
Income from operations for the third quarter of 2026 was $29.0 million, up from $18.7 million in the prior-year period.
- 3
Net income for the third quarter of 2026 was $17.9 million, an increase from $11.9 million in the prior-year period.
- 4
Adjusted EBITDA for the third quarter of 2026 was $39.8 million, compared to $32.2 million in the prior-year period.
- 5
The Company's backlog and awarded orders stood at $791.7 million as of September 30, 2026, representing a 9.8% increase compared to the prior-year period.
- 6
The Company raised its full-year 2026 outlook for revenue and Adjusted EBITDA.
Management Comments
Brandon Moss
We’re very pleased with our strong results in the period, as productivity improvements drove both quarterly revenue and Adjusted EBITDA above our expected range. We remain focused on making meaningful operational improvements as we finish 2026 on a strong note. The long-term health of the market remains robust and we’re well positioned to continue the momentum into 2027 and beyond. Our strategy is working — and the results prove it. With the move into our new facility complete, our focus today is on the customer; delivering quality solutions, on time, with market-leading customer service. With an unmatched market position, world-class manufacturing, and a breakthrough innovation pipeline, we are built for what's ahead and excited about the opportunities in front of us.
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