Filing Flows › Shoals Technologies Group (SHLS) › Guidance history
Shoals Technologies Group (SHLS) guidance history: what it guided and what it reported
Shoals Technologies Group gave guidance in 4 earnings releases on file since May 5, 2026. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +12.1% against the guided midpoint. Its releases raised guidance twice and lowered it once.
Revenue
Met or beat 2 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $165M–$185M (Nov 4, 2026) | — | to be reported | — |
| Q3 2026 | $150M–$170M (Aug 4, 2026) | $195M | above the range | +22.1% |
| Q2 2026 | $150M–$170M (May 5, 2026) | $163M | within the range | +2.1% |
Operating cash flow
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $65.0M–$85.0M (May 5, 2026) → reaffirmed $65.0M–$85.0M (Aug 4, 2026) → lowered $55.0M–$65.0M (Nov 4, 2026) | — | to be reported | — |
Capital expenditures
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $20.0M–$30.0M (May 5, 2026) → reaffirmed $20.0M–$30.0M (Aug 4, 2026) → reaffirmed $20.0M–$30.0M (Nov 4, 2026) | — | to be reported | — |
Interest expense
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $8.0M–$12.0M (May 5, 2026) → reaffirmed $8.0M–$12.0M (Aug 4, 2026) → raised $11.0M–$13.0M (Nov 4, 2026) | — | to be reported | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $36.0M–$40.0M (Nov 4, 2026) | — | to be reported | — |
| FY2027 | $410M–$480M (Nov 4, 2026) | — | to be reported | — |
| Q3 2026 | $32.0M–$37.0M (Aug 4, 2026) | — | — | — |
| FY2026 | $118M–$132M (May 5, 2026) → reaffirmed $118M–$132M (Aug 4, 2026) → raised $129M–$133M (Nov 4, 2026) | — | to be reported | — |
| Q2 2026 | $28.0M–$33.0M (May 5, 2026) | — | — | — |
The latest quarter
Shoals Technologies Group, Q3 2026: revenue $195M (+44% year over year), operating margin 14.8%, net earnings $17.9M, operating cash flow $28.9M. The chart follows the revenue to costs, profit and cash.
Questions
Does Shoals Technologies Group beat its guidance?
Shoals Technologies Group gave guidance in 4 earnings releases on file since May 5, 2026. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +12.1% against the guided midpoint.
How often does Shoals Technologies Group raise guidance?
Its earnings releases raised guidance twice and lowered it once since May 5, 2026.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.