Shimmick Corporation — Third Quarter 2026 Earnings Summary

Shimmick Corporation reported a net income of $1 million for the third quarter ended October 2, 2026, marking its first positive net income since the third quarter of 2023. Revenue for the quarter reached $136 million, driven entirely by Shimmick Projects which saw a 28% increase quarter-over-quarter, while Adjusted EBITDA rose 106% to $9 million. The company's liquidity increased by $20 million to $53 million, and its backlog stands at approximately $907 million with Shimmick Projects representing 98% of the total. Management reaffirmed full-year 2026 Adjusted EBITDA guidance between $20 million and $25 million and raised revenue expectations to a range of $500 million to $525 million.