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

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