Shimmick Q2 revenue up 42% to $128M; net loss narrows; lowers FY Adjusted EBITDA guidance to $5-15M

Shimmick Corp

2026-Q2 EPS reported -$0.53 revenue$250,512,000

Revenue $128M (+42% YoY); gross margin $8M vs -$31M prior year.
Net loss $8M ($0.25 loss per share) vs $51M loss prior year; adjusted net loss $5M.
Shimmick Projects gross margin 13% vs 5% prior year; Non-Core Projects gross margin -43%.
Backlog $652M, 88% Shimmick Projects; new awards include $70M in July and $164M preferred bidder.
FY guidance: Shimmick Projects revenue $405-415M (up), Non-Core $80-90M (up), Adjusted EBITDA $5-15M (down).

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