Shoals Technologies Group, Inc. (SHLS) stock
SHLSNasdaqSemiconductors & Related DevicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 12/3014% below fair value
$8.29+0.22 (+2.73%)
Close on Nov 13, 2026Market cap $1.40BP/E 36.0Yield –
Earnings
Shoals Technologies's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Feb 23, 2027
Q4 FY2026 · estimated, during market hours
Revenue, Q3 FY2026
$195.30M
+43.8% on a year earlier
Adjusted Diluted Earnings Per Share, Q3 FY2026
$0.14
$0.12 a year earlier
Latest guidance
Lowered
Nov 4, 2026 · 7 items
Quarterly results
Revenue and earnings per share from each of Shoals Technologies's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 23, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Nov 4, 2026before the open | $195.30M | +43.8% | $0.11 | $0.14 | Release |
| Q2 FY2026ended Jun 30, 2026 | Aug 4, 2026before the open | $163.40M | +47.5% | $0.07 | $0.12 | Release |
| Q1 FY2026ended Mar 31, 2026 | May 5, 2026before the open | $140.60M | +74.9% | $0.00 | $0.07 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 24, 2026during market hours | $148.30M | +38.6% | $0.05 | $0.10 | Release |
| Q3 FY2025ended Sep 30, 2025 | Nov 4, 2025before the open | $135.80M | +32.9% | $0.07 | $0.12 | Release |
| Q2 FY2025ended Jun 30, 2025 | Aug 5, 2025before the open | $110.80M | +11.7% | $0.08 | $0.10 | Release |
| Q1 FY2025ended Mar 31, 2025 | May 6, 2025before the open | $80.40M | -11.5% | $0.00 | $0.03 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 25, 2025before the open | $107.00M | -17.9% | $0.05 | $0.08 | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 12, 2024before the open | $102.20M | -23.8% | $0.00 | $0.08 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 6, 2024during market hours | $99.20M | -16.8% | $0.07 | $0.10 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 7, 2024during market hours | $90.80M | -13.6% | $0.03 | $0.07 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 28, 2024during market hours | $130.40M | +37.7% | $0.10 | $0.12 | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 7, 2023during market hours | $134.20M | +47.8% | -$0.06 | $0.20 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 1, 2023during market hours | $119.20M | +62.2% | $0.11 | $0.14 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 8, 2023during market hours | $105.10M | +54.6% | $0.10 | $0.14 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 28, 2023during market hours | $94.70M | +97.3% | $0.70 | $0.15 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 14, 2022during market hours | $90.80M | +51.8% | $0.07 | $0.10 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 16, 2022during market hours | $73.50M | – | $0.04 | $0.07 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 17, 2022during market hours | $68.00M | – | $0.02 | $0.05 | Release |
| Q4 FY2021ended Dec 31, 2021 | Mar 11, 2022during market hours | $48.00M | – | -$0.04 | $0.01 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 10, 2021during market hours | $59.80M | – | $0.02 | $0.07 | Release |
| Q2 FY2021ended Jun 30, 2021 | Jul 13, 2021during market hours | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Mar 16, 2021before the open | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Shoals Technologies's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| RevenueGAAP | Q4 FY2026 | $165.00M – $185.00M | – | New | Nov 4, 2026 |
| Adjusted EBITDAnon-GAAP | Q4 FY2026 | $36.00M – $40.00M | – | New | Nov 4, 2026 |
| RevenueGAAP | FY2026 | $665.00M – $685.00M | – | New | Nov 4, 2026 |
| Revenue | FY2026 | $600.00M – $640.00M | $600.00M – $640.00M | Reaffirmed | Aug 4, 2026 |
| Adjusted EBITDAnon-GAAP | FY2026 | $129.00M – $133.00M | – | New | Nov 4, 2026 |
| Adjusted EBITDAnon-GAAP | FY2026 | $118.00M – $132.00M | $118.00M – $132.00M | Reaffirmed | Aug 4, 2026 |
| Capital expendituresGAAP | FY2026 | $20.00M – $30.00M | – | New | Nov 4, 2026 |
| Capital expenditures | FY2026 | $20.00M – $30.00M | $20.00M – $30.00M | Reaffirmed | Aug 4, 2026 |
| Cash flow from operationsGAAP | FY2026 | $55.00M – $65.00M | – | New | Nov 4, 2026 |
| Cash flow from operations | FY2026 | $65.00M – $85.00M | $65.00M – $85.00M | Raised | Aug 4, 2026 |
| Interest expenseGAAP | FY2026 | $11.00M – $13.00M | – | Lowered | Nov 4, 2026 |
| Interest expense | FY2026 | $8.00M – $12.00M | $8.00M – $12.00M | Lowered | Aug 4, 2026 |
Guidance vs results
The last range Shoals Technologies gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| Q3 FY2026 | Revenue | $150.00M – $170.00M | $195.30M | Above range |
| Q2 FY2026 | Revenue | $150.00M – $170.00M | $163.40M | Within range |
| Q1 FY2026 | Revenue | $125.00M – $135.00M | $140.60M | Above range |
| FY2025 | Revenue | $467.00M – $477.00M | $475.30MΣ4Q | Within range |
| Q4 FY2025 | Revenue | $140.00M – $150.00M | $148.30M | Within range |
| Q3 FY2025 | Revenue | $125.00M – $135.00M | $135.80M | Above range |
| Q2 FY2025 | Revenue | $100.00M – $110.00M | $110.80M | Above range |
| Q1 FY2025 | Revenue | $70.00M – $80.00M | $80.40M | Above range |
| Q4 FY2024 | Revenue | $97.00M – $107.00M | $107.00M | Within range |
| Q3 FY2024 | Revenue | $95.00M – $105.00M | $102.20M | Within range |
| Q2 FY2024 | Revenue | $85.00M – $95.00M | $99.20M | Above range |
| Q1 FY2024 | Revenue | $90.00M – $100.00M | $90.80M | Within range |
| Q1 FY2022 | Revenue | $68.00M – $74.00M | $68.00M | Within range |
| Q4 FY2021 | Revenue | $40.00M – $50.00M | $48.00M | Within range |
Guidance history
Every forecast Shoals Technologies put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Nov 4, 2026 | Capital expenditures | FY2026 | $20.00M – $30.00M | New |
| Nov 4, 2026 | Adjusted EBITDA | Q4 FY2026 | $36.00M – $40.00M | New |
| Nov 4, 2026 | Adjusted EBITDA | FY2026 | $129.00M – $133.00M | New |
| Nov 4, 2026 | Cash flow from operations | FY2026 | $55.00M – $65.00M | New |
| Nov 4, 2026 | Interest expense | FY2026 | $11.00M – $13.00M | Lowered |
| Nov 4, 2026 | Revenue | Q4 FY2026 | $165.00M – $185.00M | New |
| Nov 4, 2026 | Revenue | FY2026 | $665.00M – $685.00M | New |
| Aug 4, 2026 | Capital expenditures | FY2026 | $20.00M – $30.00M | Reaffirmed |
| Aug 4, 2026 | Adjusted EBITDA | FY2026 | $118.00M – $132.00M | Reaffirmed |
| Aug 4, 2026 | Adjusted EBITDA | Q3 FY2026 | $32.00M – $37.00M | New |
| Aug 4, 2026 | Cash flow from operations | FY2026 | $65.00M – $85.00M | Raised |
| Aug 4, 2026 | Interest expense | FY2026 | $8.00M – $12.00M | Lowered |
| Aug 4, 2026 | Revenue | FY2026 | $600.00M – $640.00M | Reaffirmed |
| Aug 4, 2026 | Revenue | Q3 FY2026 | $150.00M – $170.00M | New |
| May 5, 2026 | Capital expenditures | FY2026 | $20.00M – $30.00M | Reaffirmed |
| May 5, 2026 | Adjusted EBITDA | FY2026 | $118.00M – $132.00M | Raised |
| May 5, 2026 | Adjusted EBITDA | Q2 FY2026 | $28.00M – $33.00M | New |
| May 5, 2026 | Cash flow from operations | FY2026 | $65.00M – $85.00M | Raised |
| May 5, 2026 | Interest expense | FY2026 | $8.00M – $12.00M | Lowered |
| May 5, 2026 | Revenue | FY2026 | $600.00M – $640.00M | Raised |
| May 5, 2026 | Revenue | Q2 FY2026 | $150.00M – $170.00M | New |
| Feb 24, 2026 | Capital expenditures | FY2026 | $20.00M – $30.00M | New |
| Feb 24, 2026 | Adjusted EBITDA | FY2026 | $110.00M – $130.00M | New |
| Feb 24, 2026 | Adjusted EBITDA | Q1 FY2026 | $16.00M – $21.00M | New |
| Feb 24, 2026 | Cash Flow from operations | FY2026 | $65.00M – $85.00M | New |
| Feb 24, 2026 | Interest expense | FY2026 | $8.00M – $12.00M | Lowered |
| Feb 24, 2026 | Revenue | FY2026 | $560.00M – $600.00M | New |
| Feb 24, 2026 | Revenue | Q1 FY2026 | $125.00M – $135.00M | New |
| Nov 4, 2025 | Capital expenditures | FY2025 | $30.00M – $40.00M | New |
| Nov 4, 2025 | Adjusted EBITDA | FY2025 | $105.00M – $110.00M | New |
| Nov 4, 2025 | Adjusted EBITDA | Q4 FY2025 | $35.00M – $40.00M | New |
| Nov 4, 2025 | Cash flow from operations | FY2025 | $15.00M – $25.00M | New |
| Nov 4, 2025 | Interest expense | FY2025 | $8.00M – $12.00M | Lowered |
| Nov 4, 2025 | Revenue | FY2025 | $467.00M – $477.00M | New |
| Nov 4, 2025 | Revenue | Q4 FY2025 | $140.00M – $150.00M | New |
| Aug 5, 2025 | Capital expenditures | FY2025 | $30.00M – $40.00M | Raised |
| Aug 5, 2025 | Adjusted EBITDA | Q3 FY2025 | $30.00M – $35.00M | New |
| Aug 5, 2025 | Adjusted EBITDA | FY2025 | $100.00M – $115.00M | Reaffirmed |
| Aug 5, 2025 | Cash Flow from operations | FY2025 | $15.00M – $25.00M | Raised |
| Aug 5, 2025 | Interest expense | FY2025 | $8.00M – $12.00M | Lowered |
| Aug 5, 2025 | Revenue | Q3 FY2025 | $125.00M – $135.00M | New |
| Aug 5, 2025 | Revenue | FY2025 | $450.00M – $470.00M | Raised |
| May 6, 2025 | Capital expenditures | FY2025 | $25.00M – $35.00M | Reaffirmed |
| May 6, 2025 | Adjusted EBITDA | Q2 FY2025 | $20.00M – $25.00M | New |
| May 6, 2025 | Adjusted EBITDA | FY2025 | $100.00M – $115.00M | Reaffirmed |
| May 6, 2025 | Cash Flow from operations | FY2025 | $30.00M – $45.00M | Raised |
| May 6, 2025 | Interest expense | FY2025 | $8.00M – $12.00M | Lowered |
| May 6, 2025 | Revenue | Q2 FY2025 | $100.00M – $110.00M | New |
| May 6, 2025 | Revenue | FY2025 | $410.00M – $450.00M | Reaffirmed |
| Feb 25, 2025 | Capital expenditures | FY2025 | $25.00M – $35.00M | New |
| Feb 25, 2025 | Adjusted EBITDA | Q1 FY2025 | $10.00M – $15.00M | New |
| Feb 25, 2025 | Adjusted EBITDA | FY2025 | $100.00M – $115.00M | New |
| Feb 25, 2025 | Cash Flow from operations | FY2025 | $30.00M – $45.00M | New |
| Feb 25, 2025 | Interest expense | FY2025 | $8.00M – $12.00M | Lowered |
| Feb 25, 2025 | Revenue | Q1 FY2025 | $70.00M – $80.00M | New |
| Feb 25, 2025 | Revenue | FY2025 | $410.00M – $450.00M | New |
| Nov 12, 2024 | Capital expenditures | FY2024 | $8.00M – $12.00M | Lowered |
| Nov 12, 2024 | Adjusted EBITDA | Q4 FY2024 | $23.00M – $28.00M | New |
| Nov 12, 2024 | Adjusted EBITDA | FY2024 | $96.00M – $101.00M | Lowered |
| Nov 12, 2024 | Cash Flow from operations | FY2024 | $70.00M – $80.00M | Raised |
| Nov 12, 2024 | Interest expense | FY2024 | $12.00M – $16.00M | Lowered |
| Nov 12, 2024 | Adjusted net income | FY2024 | $58.00M – $62.00M | Lowered |
| Nov 12, 2024 | Revenue | Q4 FY2024 | $97.00M – $107.00M | New |
| Nov 12, 2024 | Revenue | FY2024 | $390.00M – $400.00M | Raised |
| Aug 6, 2024 | Capital expenditures | FY2024 | $15.00M – $20.00M | Reaffirmed |
| Aug 6, 2024 | Adjusted EBITDA | Q3 FY2024 | $25.00M – $30.00M | New |
| Aug 6, 2024 | Adjusted EBITDA* | FY2024 | $96.00M – $110.00M | Lowered |
| Aug 6, 2024 | Cash Flow from operations | FY2024 | $62.00M – $82.00M | Raised |
| Aug 6, 2024 | Interest expense | FY2024 | $15.00M – $20.00M | Lowered |
| Aug 6, 2024 | Adjusted net income* | FY2024 | $62.00M – $76.00M | Lowered |
| Aug 6, 2024 | Revenue | Q3 FY2024 | $95.00M – $105.00M | New |
| Aug 6, 2024 | Revenue | FY2024 | $370.00M – $400.00M | Lowered |
| May 7, 2024 | Capital expenditures | FY2024 | $15.00M – $20.00M | Reaffirmed |
| May 7, 2024 | Adjusted EBITDA | Q2 FY2024 | $20.00M – $25.00M | New |
| May 7, 2024 | Adjusted EBITDA | FY2024 | $130.00M – $150.00M | Lowered |
| May 7, 2024 | Cash Flow from operations | FY2024 | $100.00M – $115.00M | Raised |
| May 7, 2024 | Interest expense | FY2024 | $15.00M – $20.00M | Lowered |
| May 7, 2024 | Adjusted net income | FY2024 | $85.00M – $100.00M | Lowered |
| May 7, 2024 | Revenue | Q2 FY2024 | $85.00M – $95.00M | New |
| May 7, 2024 | Revenue | FY2024 | $440.00M – $490.00M | Lowered |
| Feb 28, 2024 | Capital expenditures | FY2024 | $15.00M – $20.00M | New |
| Feb 28, 2024 | Adjusted EBITDA | Q1 FY2024 | $15.00M – $20.00M | New |
| Feb 28, 2024 | Adjusted EBITDA | FY2024 | $150.00M – $170.00M | New |
| Feb 28, 2024 | Cash Flow from operations | FY2024 | $100.00M – $120.00M | New |
| Feb 28, 2024 | Interest expense | FY2024 | $15.00M – $20.00M | Lowered |
| Feb 28, 2024 | Adjusted net income | FY2024 | $90.00M – $110.00M | New |
| Feb 28, 2024 | Revenue | Q1 FY2024 | $90.00M – $100.00M | New |
| Feb 28, 2024 | Revenue | FY2024 | $480.00M – $520.00M | New |
| Nov 7, 2023 | Capital expenditures | FY2023 | $8.00M – $12.00M | Reaffirmed |
| Nov 7, 2023 | Adjusted EBITDA | FY2023 | $165.00M – $175.00M | Raised |
| Nov 7, 2023 | Interest expense | FY2023 | $22.00M – $26.00M | Reaffirmed |
| Nov 7, 2023 | Adjusted net income | FY2023 | $110.00M – $120.00M | Raised |
| Nov 7, 2023 | Revenue | FY2023 | $485.00M – $495.00M | Narrowed |
| Aug 1, 2023 | Capital expenditures | FY2023 | $8.00M – $12.00M | New |
| Aug 1, 2023 | Adjusted EBITDA | FY2023 | $145.00M – $160.00M | Reaffirmed |
| Aug 1, 2023 | Interest expense | FY2023 | $22.00M – $26.00M | Reaffirmed |
| Aug 1, 2023 | Adjusted net income | FY2023 | $92.00M – $102.00M | Reaffirmed |
| Aug 1, 2023 | Revenue | FY2023 | $480.00M – $510.00M | Reaffirmed |
| May 8, 2023 | Capital expenditures | FY2023 | $8.00M – $12.00M | Reaffirmed |
| May 8, 2023 | Adjusted EBITDA | FY2023 | $145.00M – $160.00M | Raised |
| May 8, 2023 | Interest expense | FY2023 | $22.00M – $26.00M | Reaffirmed |
| May 8, 2023 | Adjusted net income | FY2023 | $92.00M – $102.00M | Raised |
| May 8, 2023 | Revenue | FY2023 | $480.00M – $510.00M | Raised |
| Feb 28, 2023 | Capital expenditures | FY2023 | $8.00M – $12.00M | New |
| Feb 28, 2023 | Adjusted EBITDA | FY2023 | $140.00M – $155.00M | New |
| Feb 28, 2023 | Interest expense | FY2023 | $22.00M – $26.00M | New |
| Feb 28, 2023 | Adjusted net income | FY2023 | $87.00M – $97.00M | New |
| Feb 28, 2023 | Revenue | FY2023 | $470.00M – $510.00M | New |
| Nov 14, 2022 | Adjusted EBITDA | FY2022 | $80.00M – $86.00M | Raised |
| Nov 14, 2022 | Adjusted net income | FY2022 | $48.00M – $53.00M | Raised |
| Nov 14, 2022 | Revenue | FY2022 | $310.00M – $325.00M | Raised |
| Aug 15, 2022 | Adjusted EBITDA | FY2022 | $77.00M – $86.00M | Reaffirmed |
| Aug 15, 2022 | Adjusted net income | FY2022 | $45.00M – $53.00M | Reaffirmed |
| Aug 15, 2022 | Revenues | FY2022 | $300.00M – $325.00M | Reaffirmed |
| May 16, 2022 | Adjusted EBITDA | FY2022 | $77.00M – $86.00M | Lowered |
| May 16, 2022 | Adjusted net income | FY2022 | $45.00M – $53.00M | Lowered |
| May 16, 2022 | Revenues | FY2022 | $300.00M – $325.00M | Lowered |
| Mar 11, 2022 | Adjusted EBITDA | Q1 FY2022 | $16.00M – $20.00M | Lowered |
| Mar 11, 2022 | Adjusted EBITDA | FY2022 | $79.00M – $97.00M | New |
| Mar 11, 2022 | Adjusted net income | Q1 FY2022 | $10.00M – $13.00M | Lowered |
| Mar 11, 2022 | Adjusted net income | FY2022 | $54.00M – $69.00M | New |
| Mar 11, 2022 | Revenues | Q1 FY2022 | $68.00M – $74.00M | Lowered |
| Mar 11, 2022 | Revenues | FY2022 | $300.00M – $350.00M | New |
| Nov 9, 2021 | Adjusted EBITDA | Q4 FY2021 | $11.00M – $15.00M | New |
| Nov 9, 2021 | Adjusted EBITDA | Q1 FY2022 | $22.00M – $24.00M | New |
| Nov 9, 2021 | Adjusted net income | Q4 FY2021 | $3.00M – $7.00M | New |
| Nov 9, 2021 | Adjusted net income | Q1 FY2022 | $14.00M – $17.00M | New |
| Nov 9, 2021 | Revenues | Q4 FY2021 | $40.00M – $50.00M | New |
| Nov 9, 2021 | Revenues | Q1 FY2022 | $71.00M – $76.00M | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Shoals Technologies filed with the SEC as exhibits to Form 8-K or 6-K
- Update
- Update
- Results
- Results
- Results
- Results
- Update
- Results
- Results
- Results
- Results
- Results
- Update
- Update
- Results
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