earnings
confidence high
sentiment positive
materiality 0.75
Shimmick Q4 net loss narrows to $3M; guides FY2026 revenue $550-600M
Shimmick Corp
- Q4 2025 revenue $100M ($84M from Shimmick Projects, up 4% YoY); FY2025 revenue $493M.
- Adjusted EBITDA $4M in Q4, second consecutive positive quarter; FY2025 adjusted EBITDA $5M vs -$61M prior year.
- Gross margin improved to $10M in Q4 from -$21M prior year; Shimmick Projects margin rose 462% YoY.
- Backlog $793M as of Jan 2, 2026; Q4 book-to-burn 1.4x; $139M new awards in Q4, $128M added by Feb 2026.
- FY2026 guidance: revenue $550-600M (17% midpoint growth), adj. EBITDA $15-30M (350% midpoint growth).