Shimmick adjusted EBITDA more than doubles to $2.6 million in Q1 FY26
PUBT · 05/14 20:26
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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.
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 on May 14, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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