Shimmick Corporation (SHIM)
NASDAQ:SHIM
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Earnings Data
Report Date
Aug 13, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.01Last Year’s EPS
-0.14Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized material operational and financial improvement: stronger backlog, significantly better gross margins, a positive adjusted EBITDA, improved net loss, and a healthy awards pipeline with reaffirmed guidance. The main negatives were a year-over-year decline in consolidated revenue due to wind-down of noncore work and the termination/dispute on the Chickamauga project, which reduced noncore revenue and creates near-term uncertainty. Management stressed confidence in execution, selective bidding, and seasonal ramping of new work, positioning the business for improving results through 2026.Company Guidance
Backlog Expansion and Record Book-to-Burn
Total backlog increased to $944 million at quarter end — the highest level in more than two years — and the company reported a book-to-burn ratio of 2.6 for Q1, the highest since going public, driven by $289 million of new awards booked in the quarter (a sequential increase of $150 million vs. Q4 2025).
Revenue Transparency and Shimmick Project Performance
Shimmick project revenue for Q1 2026 was $88 million (vs. $93 million in Q1 2025). Shimmick project gross margin rose to $10 million (11% of revenue), an $5 million increase or an 89% improvement versus Q1 2025 (6% previously).
Significant Gross Margin and Profitability Improvements
Consolidated total gross margin increased to $11 million (12% of revenue) from $5 million (4% of revenue) in Q1 2025 — a $6 million increase or 132% improvement. Adjusted EBITDA turned positive at approximately $3 million in Q1 2026 versus negative $3 million in Q1 2025 (improvement of $6 million).
Improved Net Loss and Cost Discipline
Net loss narrowed to $4 million in Q1 2026 from a $10 million loss in Q1 2025, a favorable change of $6 million (55% improvement). G&A expense was flat at $14 million year-over-year, reflecting overhead optimization while scaling.
Stronger Liquidity and Capital Flexibility
Liquidity totaled $34 million at quarter end, comprised of $15 million in unrestricted cash and $19 million available borrowing capacity under credit agreements.
Pipeline Strength and Confirmed Guidance
Management reaffirmed full-year 2026 guidance: consolidated revenue growth of 12%–22% year-over-year (midpoint ~17%, implying ~$550M–$600M for the year) and adjusted EBITDA growth of 200%–500% year-over-year (targeting $15M–$30M). The 24-month pipeline remains robust with $600M–$1B in bidding volumes per month.
Strategic and Operational Progress
Company continues to scale core Shimmick projects (noncore work now <5% of backlog), is strengthening project controls, centralizing procurement, hiring experienced leadership (appointed Sarah Tacker as EVP & COO), and securing progressive design-build opportunities (e.g., a subsequent $50 million wastewater project not yet in backlog).
SHIM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SHIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | $5.02 | $4.97 | -1.00% |
Mar 12, 2026 | $2.80 | $3.21 | +14.64% |
Nov 13, 2025 | $2.52 | $2.47 | -1.98% |
Aug 14, 2025 | $2.11 | $2.39 | +13.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Shimmick Corporation (SHIM) report earnings?
Shimmick Corporation (SHIM) is schdueled to report earning on Aug 13, 2026, After Close (Confirmed).
What is Shimmick Corporation (SHIM) earnings time?
Shimmick Corporation (SHIM) earnings time is at Aug 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SHIM EPS forecast?
SHIM EPS forecast for the fiscal quarter 2026 (Q2) is 0.01.