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Shoals Technologies Group vs Alpha & Omega Semiconductor: SHLS and AOSL compared
Shoals Technologies Group is the larger company: $195M of revenue in its latest quarter (Q3 2026) against $178M for Alpha & Omega Semiconductor (Q1 FY27). Shoals Technologies Group is growing faster (+44% against -3% a year earlier). Shoals Technologies Group is more profitable, with an operating margin of 14.8% against -5.1%.
Where the money goes: SHLS and AOSL
Shoals Technologies Group (SHLS) · Q3 2026
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.
Alpha & Omega Semiconductor (AOSL) · Q1 FY27
Alpha & Omega Semiconductor, Q1 FY27: revenue $178M (-3% year over year), operating margin -5.1%, net loss $6.1M, operating cash flow $5.6M. The chart follows the revenue to costs, profit and cash.
| Shoals Technologies Group (SHLS) | Alpha & Omega Semiconductor (AOSL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $195M | $178M |
| Revenue growth, Y/Y | +44% | -3% |
| Gross margin | 31.9% | — |
| Operating margin | 14.8% | -5.1% |
| Net earnings | $17.9M | −$6.1M |
| Net margin | 9.1% | -3.5% |
| Operating cash flow | $28.9M | $5.6M |
| Free cash flow | $26.0M | — |
Where the revenue comes from
Shoals Technologies Group
- System solutions: $150M (77%)
- Components: $44.9M (23%)
Alpha & Omega Semiconductor
- Power discrete: $137M (77%)
- Power IC: $38.7M (22%)
- Packaging and testing services and other: $1.9M (1%)
Questions
Which is bigger, Shoals Technologies Group or Alpha & Omega Semiconductor?
Shoals Technologies Group is the larger company: $195M of revenue in its latest quarter (Q3 2026) against $178M for Alpha & Omega Semiconductor (Q1 FY27).
Is Shoals Technologies Group or Alpha & Omega Semiconductor growing faster?
Shoals Technologies Group is growing faster (+44% against -3% a year earlier).
Which is more profitable, Shoals Technologies Group or Alpha & Omega Semiconductor?
Shoals Technologies Group is more profitable, with an operating margin of 14.8% against -5.1%.
More: Shoals Technologies Group earnings · how Shoals Technologies Group makes money · Alpha & Omega Semiconductor earnings · how Alpha & Omega Semiconductor makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.