earnings
confidence high
sentiment positive
materiality 0.65
Shimmick Q2 2026: Revenue $107M, Adjusted EBITDA $4M, Record Backlog $991M
Shimmick Corp
- Q2 2026 revenue $107M vs $128M YoY; net loss narrowed $4M to $5M; EPS loss $0.12 vs $0.25.
- Adjusted EBITDA $4M, fourth consecutive positive quarter; adjusted net loss $1M vs $5M YoY.
- Backlog ~$991M, highest since Q1 2024; book-to-burn 1.4x; $138M new work booked, $221M pending awards.
- FY2026 revenue guidance updated to $525-575M (~12% YoY growth); reaffirms Adjusted EBITDA $15-30M (350% growth at midpoint).
- Liquidity $33M; Shimmick Projects now over 97% of backlog; gross margin up 53% sequentially.