Shoals Technologies Reports Q3 Revenue of $195.3 Million, Raises 2026 Outlook
Revenue rose 43.8% year over year to $195.3 million, and adjusted EBITDA reached $39.8 million, above the company’s expected range. Shoals guided to fiscal 2026 revenue of $665 million to $685 million and fourth-quarter revenue of $165 million to $185 million.
The company announced its financial results for the third quarter ended September 30, 2026, highlighting revenue of $195.3 million, which represents a 43.8% year-over-year increase. Adjusted EBITDA for the period reached $39.8 million, surpassing the company's expected range. Management attributed the performance to productivity improvements. Additionally, the company provided updated fiscal year 2026 revenue guidance in the range of $665 million to $685 million and expects fourth-quarter revenue between $165 million and $185 million.