Shoals Q2 FY26 net income falls 12.39% to $12.1 million; revenue rises 47.4% to $163.4 million

The company forecast Q3 revenue of $150 million-$170 million and reaffirmed its full-year revenue view of $600 million-$640 million.

Shoals Technologies posted Q2 2026 revenue of $163.4 million, up 47.4% year over year; net income fell to $12.1 million.

Operating income rose to $18.7 million; gross margin narrowed 6.9 percentage points to 30.3% due to ramp-up inefficiencies and quality-related costs.

Non-GAAP adjusted EBITDA increased to $31.6 million from $24.7 million.

Backlog and awarded orders climbed 19.4% year over year to $801.4 million, with growth in emerging battery energy storage markets.