Shimmick Corporation Common Stock (SHIM)

Shimmick Corporation reported strong Q2 2026 results with $107 million in revenue, a 12% gross margin, and $4 million in adjusted EBITDA. The company achieved a record backlog of $991 million, securing $138 million in new projects during the quarter and an additional $221 million post-quarter, while reaffirming its full-year 2026 revenue guidance of $525 million to $575 million. Strategic initiatives include winding down non-core projects, expanding into mission-critical infrastructure, and improving operational efficiency, positioning Shimmick for continued growth and enhanced profitability.

Shimmick (NASDAQ: SHIM) reported consolidated revenue of $107 million for Q2 2026, with a gross margin of 12% and adjusted EBITDA of $4 million, driven by strategic changes and operational improvements. The company achieved a record backlog of $991 million, with an additional $221 million secured post-quarter, reflecting strong demand and a book-to-burn ratio of 1.4. Shimmick reaffirmed its full-year 2026 revenue guidance of $525 million to $575 million and adjusted EBITDA guidance of $15 million to $30 million, anticipating continued growth from higher-margin projects and an expansion into mission-critical infrastructure markets.

Shimmick Corporation reported a significant turnaround in Q2FY26, with adjusted EBITDA reaching $4 million, up from a loss in the previous year. This was driven by an expanded gross margin of 12%, despite a 16% year-over-year revenue decline, as the company strategically phased out lower-margin non-core projects. Shimmick also achieved a record backlog of $991 million and reaffirmed its full-year 2026 revenue and adjusted EBITDA guidance.

This article provides a detailed financial breakdown for Shimmick Corporation (SHIM), focusing on its revenue by segment and geography. It notes that currently, there is no segmented or geographical revenue data available for the ticker. The company is involved in infrastructure solutions across water, energy, climate resiliency, and sustainable transportation, with all revenue derived from the United States.

Wall Street Zen upgraded Shimmick (NASDAQ:SHIM) from a "sell" to a "hold" rating, while Weiss Ratings maintained a "sell" rating. The consensus analyst rating for Shimmick remains "Hold" with a price target of $5.50. Despite beating quarterly EPS expectations with a loss of $0.01 per share against an expected $0.02 loss, the company's revenue of $106.62 million fell short of the $121.85 million forecast.