secwatch.observer — SEC 8-K summary
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Issuer:     Shimmick Corp (SHIM)
CIK:        0001887944
Form:       8-K
Filed at:   2026-05-14T20:09:22+00:00
Accession:  0001193125-26-224012
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1887944/000119312526224012/0001193125-26-224012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1887944/000119312526224012/shim-20260514.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-224012

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