SHLS Q2 FY2026 earnings: EPS beat by 22.0%, revenue beat by 2.1%
Shoals Technologies reported Q2 FY2026. EPS came in at $0.12 against a $0.10 consensus, beat by 22.0%. Revenue was $163.4M versus $160.0M expected, beat by 2.1%. Gross margin was 30.3%, up 110 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $0.12 | $0.10 | beat by 22.0% |
| Revenue | $163.4M | $160.0M | beat by 2.1% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $163.4M | +16.2% | +47.4% |
| Gross profit | $49.5M | +20.8% | +20.2% |
| Operating income | $18.7M | +142.6% | +17.0% |
| Net income | $12.1M | +4186.9% | -12.4% |
| Diluted EPS | $0.07 | +3988.9% | -15.4% |
| Gross margin: 30.3%. |
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The trend
Revenue is up 47.4% from the same quarter last year. Gross margin sits at 30.3%, 730 bps off its 8-quarter high.
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How it stacks up
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