Shoals Technologies Group (SHLS)
NASDAQ:SHLS
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.1Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: Shoals reported exceptional top-line growth (Q1 revenue +75% YoY), record backlog ($758M), strong adjusted EBITDA and adjusted net income expansion, and raised full-year guidance. These operational wins are balanced by near-term margin pressure driven by product mix, tariffs, freight, temporary labor inefficiencies related to a major facility move, elevated legal expenses, and a deliberate inventory build that consumed cash. Management expects margins to trough in Q1 and improve sequentially through the year, with the raised guidance reflecting confidence in demand and execution despite transitory headwinds.Company Guidance
Strong Revenue Growth
Q1 revenue of $140.6M (reported as ~$141M), up ~75% year-over-year, driven by strong demand in core U.S. utility-scale solar markets.
Record Backlog and New Orders
Approximately $151M of new orders in Q1; backlog and awarded orders (BLAO) reached a record $758M, up ~18% year-over-year, with ~$627.6M (or ~$628M) of BLAO scheduled for delivery in the next four quarters.
Adjusted EBITDA and Profitability Expansion
Q1 adjusted EBITDA of ~$21.1M, up 56% year-over-year; adjusted net income $12.1M, up 112% year-over-year; adjusted diluted EPS $0.07, +$0.04 vs prior year.
Gross Profit Dollar Increase
GAAP gross profit of $41.0M vs $28.1M prior year (+46% in dollars), demonstrating strong contribution despite margin pressure.
Operating Leverage / SG&A Efficiency
SG&A was $31.0M or 22% of revenue, a 500 basis point improvement vs 27% last year, highlighting operating leverage as revenue scales.
Raised Full-Year Guidance
Updated FY2026 guidance raised to $600M–$640M revenue (midpoint ~30% YoY growth) and $118M–$132M adjusted EBITDA (midpoint ~26% YoY growth); Q2 revenue guide $150M–$170M and adjusted EBITDA $28M–$33M.
BESS and New Product Progress
BESS BLAO increased by ~$9M in the quarter to a $75M BLAO; recognized >$1M revenue from the first BESS unit produced in the new facility; partnership with ON.energy for a large AI data center battery project provides strategic visibility.
International & OEM Momentum
International BLAO ~ $100M with increased quote activity (notably Australia); OEM business grew ~33% year-over-year; quote volume exceeded $1B in unique projects, expanding pipeline and market diversification.
SHLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SHLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $9.90 | $6.83 | -30.96% |
Nov 04, 2025 | $10.34 | $9.24 | -10.64% |
Aug 05, 2025 | $5.38 | $4.67 | -13.20% |
May 06, 2025 | $3.76 | $4.41 | +17.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Shoals Technologies Group (SHLS) report earnings?
Shoals Technologies Group (SHLS) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Shoals Technologies Group (SHLS) earnings time?
Shoals Technologies Group (SHLS) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SHLS EPS forecast?
SHLS EPS forecast for the fiscal quarter 2026 (Q2) is 0.1.
