SHLS Q3 FY2026 earnings: EPS beat by 14.3%, revenue beat by 20.7%
Shoals Technologies reported Q3 FY2026. EPS came in at $0.14 against a $0.12 consensus, beat by 14.3%. Revenue was $195.3M versus $161.8M expected, beat by 20.7%. Gross margin was 31.9%, up 160 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $0.14 | $0.12 | beat by 14.3% |
| Revenue | $195.3M | $161.8M | beat by 20.7% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $195.3M | +19.5% | +43.8% |
| Gross profit | $62.4M | +26.0% | +24.2% |
| Operating income | $29.0M | +54.7% | +55.1% |
| Net income | $17.9M | +47.2% | +50.4% |
| Diluted EPS | $0.11 | +57.1% | +57.1% |
| Gross margin: 31.9%. |
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The trend
Revenue is up 43.8% from the same quarter last year. Gross margin sits at 31.9%, 570 bps off its 8-quarter high.
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How it stacks up
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