Shoals Technologies Group, Inc. reported second-quarter 2026 results with revenue of $163.4M, up from $110.8M a year earlier, while net income was $12.1M and diluted EPS was $0.07 for the quarter.
Financial Highlights
- Revenue was $163.4M for Q2 2026, compared with $110.8M in the prior-year quarter; YoY change 47.4%.
- Net income was $12.1M for Q2 2026, compared with $13.9M in the prior-year quarter; YoY change (12.4%).
- Diluted earnings per share was $0.07 for Q2 2026, compared with $0.08 in the prior-year quarter; YoY change (12.5%).
Business Highlights
- Revenue growth: Revenue rose 47% in Q2 and 59% year-to-date driven by strong demand and market-share gains in the company's EBOS system solutions.
- Channel & geographic mix: System solutions represented 74% of six-month revenue; the U.S. remains the primary market with international orders growing to roughly 12.7%.
- Product momentum and backlog: Continued adoption of integrated system solutions and proprietary components contributed to a backlog of $801M (backlog + awarded).
- Operations: Transition to a new manufacturing facility caused short-term inefficiencies, higher rework and plant optimization costs.
- Quality and legal matters: The company is incurring material-quality related corrective costs and is involved in litigation with a wire supplier while undertaking remediation and supplier actions.
Original SEC Filing:
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