---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-071379"
form_type: "8-K"
ticker: "SHIM"
cik: "0001887944"
company_name: "Shimmick Corp"
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T10:33:07.782891+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Shimmick Q1 net loss improves to $10M from $33M; revenue $122M; reaffirms FY 2025 guidance

## Summary
- Revenue of $122M (+2% YoY); Shimmick Projects revenue $93M, Legacy/Foundations $29M.
- Gross margin improved to $5M (-$16M Q1 2024) driven by $6M Shimmick Projects improvement and no repeat of $14M legacy cost overruns.
- Net loss $10M vs $33M YoY; Adjusted EBITDA -$3M vs -$24M; adjusted EPS -$0.22 vs -$1.15.
- Backlog ~$740M with over 87% Shimmick Projects; new awards and extensions pending.
- FY 2025 guidance: Shimmick Projects revenue +10-15%, overall gross margin 9-12%, Adj. EBITDA $15-25M.

## SEC filing metadata
- accession: 0000950170-25-071379
- form_type: 8-K
- ticker: SHIM
- cik: 0001887944
- company_name: Shimmick Corp
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1887944/000095017025071379/0000950170-25-071379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1887944/000095017025071379/shim-20250514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-071379
- JSON: https://secwatch.observer/filing/0000950170-25-071379.json
- Plain text: https://secwatch.observer/filing/0000950170-25-071379.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.