Shimmick Q1 revenue $88M, net loss narrows to $4M, backlog hits $944M, reaffirms FY guidance

Shimmick Corp

Q1 revenue $88M (down from $122M YoY); net loss $4M vs $10M loss YoY; adjusted EBITDA $3M vs -$3M YoY
Backlog $944M (highest since Q1 2024); book-to-burn ratio 2.6x; $289M in new awards in Q1
Reaffirms FY2026 revenue guidance $550-$600M (12-22% growth) and adjusted EBITDA $15-$30M (350% growth at midpoint)
Appointed Sarah Tacker as COO to reinforce disciplined execution during growth phase

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Shimmick Corp reported first quarter ended April 3, 2026 results: revenue $88 million, net income $5 million net loss attributable to Shimmick Corporation, EPS $0.13 diluted loss per common share attributable to Shimmick Corporation.

Period: first quarter ended April 3, 2026
Revenue: $88 million
Net income: $5 million net loss attributable to Shimmick Corporation
EPS: $0.13 diluted loss per common share attributable to Shimmick Corporation
Result: reported results

Exact text from the filing

and other critical infrastructure construction services, today announced financial results for the first quarter ended April 3, 2026. Highlights • Reported Q1 2026 revenue of $88 million, all of which was driven by Shimmick Projects • Reported Q1 2026 gross margin of $11 million, $10 million of which was driven by Shimmick Projects o Shimmick Projects Q1 2026

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Source: SEC EDGAR

accession 0001193125-26-224012

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