secwatch.observer — SEC 8-K summary
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Issuer:     Shimmick Corp (SHIM)
CIK:        0001887944
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001193125-26-104137
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shimmick Q4 net loss narrows to $3M; guides FY2026 revenue $550-600M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1887944/000119312526104137/0001193125-26-104137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1887944/000119312526104137/shim-20260312.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-104137

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer