Key Points – Strong growth and record demand: Q2 2026 revenue rose 47% year over year to $163.4 million, supported by utility-scale solar and BESS demand.
New orders totaled approximately $207 million, lifting backlog and awarded orders to a record $801 million. – Profitability improved despite lower GAAP net income: Adjusted EBITDA increased 27.9% to $31.6 million, while adjusted net income rose 15% to $19.7 million
Shoals expects margin gains from product mix, productivity improvements and factory consolidation, with inventory investments expected to support second-half cash generation. – 2026 outlook reaffirmed: Management maintained full-year revenue guidance of $600 million to $640 million and adjusted EBITDA guidance of $118 million to $132 million. The company also highlighted future growth opportunities in long-duration storage through its TerraFlow partnership and in data-center power delivery through its AirLink product. – Got Solar? How You Can Play The Industry’s Value Chain Perfectly Shoals Technologies Group (NASDAQ:SHLS) reported second-quarter 2026 revenue of $163.4 million, up 47% from the prior-year period, as demand from its U.S. utility-scale solar customers and battery energy storage system, or BESS, business supported growth.
The company said results were within its previously guided range and reaffirmed its full-year outlook. CEO Brandon Moss said the company added approximately $207 million in new orders during the quarter, producing a book-to-bill ratio of 1.3. Backlog and awarded orders, which Shoals refers to as BLAO, reached a company record of $801 million, up 19% year over year.