Recent Updates — SHIM
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.