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Shoals Technologies Group (SHLS) guidance and outlook
Shoals Technologies Group (SHLS) raised some and lowered other parts of its guidance on Nov 4, 2026: Revenue +43.8% for FY2026; Revenue $195M for FY2026; Revenue $165M–$185M for Q4 2026; EBITDA $36.0M–$40.0M for Q4 2026. Shoals Technologies Group's 10-Q filed Nov 4, 2026 makes 21 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | +43.8% | lowered |
| Revenue | FY2026 | $195M | raised |
| Revenue | Q4 2026 | $165M–$185M | new |
| EBITDA | Q4 2026 | $36.0M–$40.0M | new |
| EBITDA | FY2026 | $129M–$133M | raised |
| Operating cash flow | FY2026 | $55.0M–$65.0M | lowered |
| Capital expenditures | FY2026 | $20.0M–$30.0M | reaffirmed |
| Interest expense | FY2026 | $11.0M–$13.0M | raised |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- Since electrical infrastructure is the backbone of a solar or BESS project, our products play a mission-critical role in the quality, safety, reliability, and efficiency of energy projects, which the industry prioritizes over price when selecting EBOS solutions.
- Traditionally, and for the three and nine months ended September 30, 2026, we primarily sold our EBOS solutions and OEM components to customers in the United States, while also fulfilling orders for international utility-scale solar projects.
- Specifically, we primarily sold to engineering, procurement and construction firms (“EPCs”) for use in large solar and BESS projects designed to generate electricity and feed it directly into the electric grid, typically with a generation capacity of 1 megawatt or greater.
- However, given the mission-critical nature of EBOS, the decision to use our products typically involves input from both the EPC and the owner/developer of the energy infrastructure energy project.
- Additionally, more than 12.9% of our September 30, 2026 backlog and awarded orders related to international projects.
- Upon closing, each share of the Company’s Class A common stock will be exchanged for 1.6931 shares of ARRAY common stock.
- If completed, the ARRAY Merger is expected to have a material impact on our business, results of operations and financial condition.
- We continue to monitor developments in trade policy, tariffs, customs regulations and global supply chain conditions and evaluate procurement, sourcing and inventory strategies intended to mitigate potential adverse effects.
- Reductions or uncertainty surrounding these incentives may diminish the financial attractiveness of solar projects, which could decrease demand for our products.
- Additionally, ongoing uncertainty around the duration, eligibility criteria, and future legislative changes affecting these incentives may cause delays in project financing and execution, which could impact our sales volume and growth trajectory.
- We believe long‑term demand fundamentals remain strong; however, new circumstances may emerge and could affect future project
- We will continue to assess how volatility in the industries in which we operate may affect our operations, capital expenditures, and cash flows.
Shoals Technologies Group's 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
Did Shoals Technologies Group raise or lower its guidance?
Shoals Technologies Group (SHLS) raised some and lowered other parts of its guidance on Nov 4, 2026: Revenue +43.8% for FY2026; Revenue $195M for FY2026; Revenue $165M–$185M for Q4 2026; EBITDA $36.0M–$40.0M for Q4 2026.
What does Shoals Technologies Group expect?
Since electrical infrastructure is the backbone of a solar or BESS project, our products play a mission-critical role in the quality, safety, reliability, and efficiency of energy projects, which the industry prioritizes over price when selecting EBOS solutions. Traditionally, and for the three and nine months ended September 30, 2026, we primarily sold our EBOS solutions and OEM components to customers in the United States, while also fulfilling orders for international utility-scale solar projects. Specifically, we primarily sold to engineering, procurement and construction firms (“EPCs”) fo
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.