Earnings ·
Shimmick Corporation reported second quarter 2026 financial results for the period ended July 3, 2026
SHIMShimmick Corp
Shimmick Corporation reported second quarter 2026 financial results for the period ended July 3, 2026. The company generated $107 million in revenue and a gross margin of $12 million, with Shimmick Projects contributing $96 million in revenue and $11 million in gross margin. Net loss narrowed to $5 million from $9 million in the prior year period, while Adjusted EBITDA turned positive at $4 million, marking four consecutive quarters of profitability. Liquidity stood at $33 million as of July 3, 2026. Backlog reached approximately $991 million, supported by $138 million in new awards booked during the quarter and an additional $221 million pending. The company updated its full-year 2026 revenue guidance to a range of $525 million to $575 million while reaffirming Adjusted EBITDA guidance of $15 million to $30 million. Shimmick Corporation operates in the infrastructure construction industry, providing turnkey solutions for water, energy, climate resiliency, and sustainable transportation projects.