NASDAQ$SHLS
Shoals Technologies Group Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Shoals Technologies reported Q1 2026 total revenue of $140.6M (+75% YoY) and a net loss of $0.3M (breakeven EPS).
For the quarter ended March 31, 2026, Shoals posted total revenue of $140.6 million versus $80.4 million and a net loss of $0.3 million (essentially breakeven) compared with a $0.3 million loss. Solar BOS components demand accelerated as utility-scale projects ramped; gross margin trends improved with volume.
- Total revenue $140.6M (+75% YoY).
- Near-breakeven net loss $0.3M.
- Solar project cycle driving connector and eBOS sales.
- Operating leverage improving on higher throughput.
- Domestic manufacturing footprint a differentiator.
Headline financials
Revenue & EPS history
Shoals · Revenue · Quarterly
$141M
Forward guidance
Solar BOS supplier outlook tied to U.S. project timelines and IRA demand.
Tailwinds
- Sharp revenue growth.
- Approaching profitability.
Headwinds
- Project timing volatility.
- Policy and tariff uncertainty.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
-1.2%
Avg return
Earnings day
-2.4%
Avg return
5 days after
-3.6%
Avg return
30 days after
38%
8 / 21 earnings
Positive
+27.2%
Q1 2023
Best reaction
-22.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | +6.8% | +54.2% | |
| Q4 2025 | -22.4% | -40.1% | -34.6% | |
| Q3 2025 | -10.4% | -12.2% | -23.3% | |
| Q1 2025 | +17.3% | +35.4% | +31.4% | |
| Q4 2024 | -4.9% | -32.4% | -23.7% | |
| Q3 2024 | -14.2% | -21.0% | -23.6% | |
| Q2 2024 | -5.7% | -6.2% | +0.4% | |
| Q1 2024 | -15.1% | -21.6% | -20.7% | |
| Q4 2023 | -16.6% | -15.5% | -27.4% | |
| Q3 2023 | -6.7% | -14.2% | -13.0% | |
| Q2 2023 | -5.6% | -11.7% | -24.2% | |
| Q1 2023 | +27.2% | +27.0% | +27.2% | |
| Q4 2022 | +3.7% | +5.6% | -8.0% | |
| Q3 2022 | +20.2% | +33.9% | +19.0% | |
| Q2 2022 | +0.3% | -2.9% | -3.2% | |
| Q1 2022 | +6.7% | +20.1% | +50.9% | |
| Q4 2021 | +10.6% | +12.4% | -16.5% | |
| Q3 2021 | -7.3% | +6.6% | -18.0% | |
| Q2 2021 | -2.4% | -0.1% | -7.3% | |
| Q1 2021 | -8.1% | -10.3% | -12.9% | |
| Q4 2020 | +9.6% | -10.7% | -2.4% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — |
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