Shimmick Corp — Form 8-K
Filed August 10, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
Shimmick Corp reported Q2 2026 revenue of $107M (down from $128M YoY), with $96M from Shimmick Projects and $11M from Non-Core Projects. Gross margin improved 53% QoQ to $12M. Net loss was $5M (improved $4M YoY); Adjusted EBITDA was $4M (fourth consecutive quarter positive). Backlog reached $991M as of July 3, 2026—highest since Q1 2024—with 1.4x book-to-burn ratio. Company updated FY2026 revenue guidance to $525–575M (12% YoY growth at midpoint) but reaffirmed Adjusted EBITDA guidance of $15–30M. Liquidity stands at $33M. As of July 3, 2026, 41.3M shares outstanding; stockholders' deficit narrowed to $50.3M from $56.6M.
Why this rating
Strong backlog growth ($991M) and margin improvement offset revenue decline. Positive Adjusted EBITDA trajectory meaningful for $13.1M market-cap company. Guidance raise shows confidence but downside from legacy losses remains material.
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