Shimmick Q2 FY26 net loss narrows to $5 million; revenue falls to $107 million
SHIM•Q2 results and guidance
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.
