Shoals Technologies posts Q1 revenue up 75%, raises full-year outlook on strong solar market demand

Shoals Technologies Group reported a 74.9% revenue increase to $140.6 million in Q1 2026, driven by strong demand in the solar market and a record backlog of $758 million. Despite a slight net loss of $0.3 million, adjusted EBITDA rose to $21.1 million, reflecting operational growth. The company raised its full-year revenue guidance to $600-$640 million and adjusted EBITDA to $118-$132 million, citing robust market conditions and expansion into battery storage. Shoals plans continued growth supported by its innovative products and new production facility.