Shimmick Q2 FY26 net loss narrows to $5 million; revenue falls to $107 million

Reuters2026/08/10 20:12

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Shimmick posted Q2 2026 revenue of $107 million, down 16.41% year over year, while net loss narrowed to $5 million.
Gross margin rose to $12 million from $8 million, lifting gross margin to 12% from 6%.
Adjusted EBITDA (non-GAAP) turned positive to $4 million from a loss of $0.2 million.
Backlog climbed to about $991 million, with a Q2 book-to-burn ratio of 1.4x; liquidity was $33 million at quarter-end.
Full-year 2026 guidance calls for revenue of $525 million-$575 million and adjusted EBITDA (non-GAAP) of $15 million-$30 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shimmick Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608101605PRIMZONEFULLFEED9807138) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Shimmick Q2 FY26 net loss narrows to $5 million; revenue falls to $107 million

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