SHLS Shoals Technologies Group
Price Chart
Executive Summary
Shoals Technologies reported Q1 2026 revenue of $140.6M (+74.9% YoY), well above the $129.2M consensus, and adjusted diluted EPS of $0.07 (vs $0.03 a year ago), though GAAP net loss was $0.3M. The company raised its full-year 2026 revenue guidance to $600M-$640M and adjusted EBITDA to $118M-$132M, citing record backlog of $758M and strong demand in utility solar and battery storage markets.
Key Financial Metrics
Actionable Insight
The strong Q1 beat and raised full-year guidance signal accelerating demand in utility solar and battery storage. Monitor Q2 revenue against the $150M-$170M guidance range and watch for margin recovery as tariff headwinds and facility consolidation costs ease. The record backlog provides multi-quarter visibility.
Key Facts
- Q1 2026 revenue $140.6M, +74.9% YoY vs $80.4M, beating $129.2M consensus
- Adjusted diluted EPS $0.07 vs $0.03 YoY; GAAP net loss $0.3M ($0.00/share)
- Full-year 2026 revenue guidance raised to $600M-$640M (prior undisclosed); Q2 guidance $150M-$170M
- Record backlog and awarded orders of $758.0M, +17.5% YoY
- Adjusted EBITDA $21.1M vs $13.5M YoY; gross margin 29.2% (down from 35.0% due to tariffs and facility costs)
- Operating cash flow -$41.4M in Q1 (vs +$15.6M YoY) due to inventory build and litigation settlement accrual
Financial Impact
Revenue beat consensus by $11.4M (+8.8%); adjusted EPS $0.07 vs consensus $0.06; full-year guidance midpoint $620M implies ~55% YoY growth from 2025 revenue of ~$400M
Risk Factors
- Gross margin compression from tariffs (3.8M impact in Q1) and facility consolidation costs
- Negative operating cash flow due to inventory build and $70M litigation settlement liability
- Ongoing legal expenses for wire insulation shrinkback and shareholder litigation
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3287499 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 5, 2026
16d ago
|
8-K
| $8.13 $9.32 | ▲ +14.64% | ▲ +12.65% | $9.58 (+17.84%) |
|
May 5, 2026
16d ago
|
Press Release
| $8.13 $9.32 | ▲ +14.64% | ▲ +12.65% | $9.58 (+17.84%) |
|
Apr 10, 2026
5w ago
|
DEFA14A
| $6.67 $7.08 | ▲ +6.15% | ▲ +2.85% | $9.58 (+43.63%) |
|
Apr 9, 2026
6w ago
|
Press Release
| $6.97 $6.92 | ▼ −0.72% | ▼ −3.90% | $9.58 (+37.45%) |
|
Mar 20, 2026
8w ago
|
DEFA14A
| $6.24 $6.25 | ▲ +0.16% | ▲ +3.72% | $9.58 (+53.53%) |
US Market Status
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