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Shoals Technologies Group vs Cerebras Systems: SHLS and CBRS compared
Shoals Technologies Group is the larger company: $195M of revenue in its latest quarter (Q3 2026) against $180M for Cerebras Systems (Q2 2026). Cerebras Systems is growing faster (+74% against +44% a year earlier). Shoals Technologies Group is more profitable, with an operating margin of 14.8% against -265.0%.
Where the money goes: SHLS and CBRS
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.
Cerebras Systems (CBRS) · Q2 2026
Cerebras Systems, Q2 2026: revenue $180M (+74% year over year), operating margin -265.0%, net loss $451M, operating cash flow −$59.8M. The chart follows the revenue to costs, profit and cash.
| Shoals Technologies Group (SHLS) | Cerebras Systems (CBRS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $195M | $180M |
| Revenue growth, Y/Y | +44% | +74% |
| Gross margin | 31.9% | — |
| Operating margin | 14.8% | -265.0% |
| Net earnings | $17.9M | −$451M |
| Net margin | 9.1% | -250.1% |
| Operating cash flow | $28.9M | −$59.8M |
| Free cash flow | $26.0M | — |
Where the revenue comes from
Shoals Technologies Group
- System solutions: $150M (77%)
- Components: $44.9M (23%)
Cerebras Systems
- Service: $126M (70%)
- Product: $54.1M (30%)
Questions
Which is bigger, Shoals Technologies Group or Cerebras Systems?
Shoals Technologies Group is the larger company: $195M of revenue in its latest quarter (Q3 2026) against $180M for Cerebras Systems (Q2 2026).
Is Shoals Technologies Group or Cerebras Systems growing faster?
Cerebras Systems is growing faster (+74% against +44% a year earlier).
Which is more profitable, Shoals Technologies Group or Cerebras Systems?
Shoals Technologies Group is more profitable, with an operating margin of 14.8% against -265.0%.
More: Shoals Technologies Group earnings · how Shoals Technologies Group makes money · Cerebras Systems earnings · how Cerebras Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.