Shimmick adjusted EBITDA more than doubles to $2.6 million in Q1 FY26

Shimmick Corporation

Shimmick Corporation

SHIM

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  • Shimmick posted Q1 2026 revenue of USD 88 million, while adjusted EBITDA rose to USD 2.6 million, more than doubling from a year earlier.
  • Total gross margin improved to 12%, up 132% from the prior-year period.
  • Backlog expanded for a third straight quarter, with book-to-burn of 2.6x, while new awards climbed to USD 289 million.
  • Guidance was reaffirmed for FY 2026 revenue of USD 550 million to USD 600 million, with adjusted EBITDA of USD 15 million to USD 30 million.


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