Shoals Technologies Group, Inc. (SHLS)

Shoals Technologies Group beat expectations on both the top and bottom line in the second fiscal quarter of 2026, reported August 4, 2026, with adjusted EPS of $0.12 topping the $0.10 estimate (+22%) and revenue of $163.4 million topping the $160.0 million estimate (+2.1%). Revenue rose ~47% to about $163.4 million (up from roughly $110.8 million a year ago), reflecting demand across its Electrical Balance of System (EBOS) solutions and EV charging equipment offerings, while net income fell ~12% to about $12.1 million (down from roughly $13.9 million a year ago). Profitability included gross profit of about $49.5 million and a gross margin of ~30%, with operating income of about $18.7 million translating to an operating margin of ~12%. Adjusted EPS increased 20% from $0.10 a year ago despite the year-over-year decline in net income. The company generated operating cash flow of roughly $6.8 million in the quarter. For the next period, consensus calls for EPS of $0.12 on revenue of $162.0 million.