{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-224012","form_type":"8-K","ticker":"SHIM","cik":"0001887944","company_name":"Shimmick Corp","filed_at":"2026-05-14T20:09:22+00:00","discovered_at":"2026-05-14T20:11:00.325340+00:00","generated_at":"2026-05-14T20:57:48.901649+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Shimmick Q1 revenue $88M, net loss narrows to $4M, backlog hits $944M, reaffirms FY guidance","bullets":["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"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-224012","json":"https://secwatch.observer/filing/0001193125-26-224012.json","markdown":"https://secwatch.observer/filing/0001193125-26-224012.md","text":"https://secwatch.observer/filing/0001193125-26-224012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1887944/000119312526224012/0001193125-26-224012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1887944/000119312526224012/shim-20260514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T20:57:48.901649+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"81a1026c5cb1eec8177ea11b3a59f98020432eea","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1887944/000119312526224012/0001193125-26-224012-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended April 3, 2026"},{"label":"Revenue","value":"$88 million"},{"label":"Net income","value":"$5 million net loss attributable to Shimmick Corporation"},{"label":"EPS","value":"$0.13 diluted loss per common share attributable to Shimmick Corporation"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}