EX-99.1 2 shim-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Shimmick Corporation Announces Second Quarter 2026 Results Irvine, CA, August 10, 2026 - Shimmick Corp. (NASDAQ: SHIM), a leading infrastructure solutions provider in water, electrical and other critical infrastructure construction services, today announced financial results for the second quarter ended July 3, 2026. Highlights • Reported Q2 2026 revenue of $107 million, $96 million of which was driven by Shimmick Projects • Reported Q2 2026 gross margin of $12 million, $11 million of which was driven by Shimmick Projects o Total Q2 2026 gross margin up 53% quarter-over-quarter • Recognized a Q2 2026 net loss of $5 million, which is favorable quarter-over-quarter by $4 million. • Reported Q2 2026 Adjusted EBITDA of $4 million, our fourth consecutive quarter with positive Adjusted EBITDA • Reported liquidity of $33 million as of July 3, 2026 versus reported liquidity of $34 million as of April 3, 2026 • Backlog is approximately $991 million as of July 3, 2026, our highest backlog reported since Q1 2024 o Q2 2026 Book-to-burn ratio of 1.4x, our fourth consecutive quarter with a book-to-burn ratio > 1.0 o $138 …
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Shimmick Corporation
SHIMNASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On August 10, 2026, Shimmick Corporation (the "Company") issued a press release announcing financial results for the second quarter ended July 3, 2026. A copy of this press release ("Earnings Release") is furnished with this Current Report on Form 8-K as Exhibit 99.1.…
Company context
Shimmick Corporation ("Shimmick", the "Company") (NASDAQ: SHIM) is an industry leader in delivering turnkey infrastructure solutions that strengthen critical markets across water, energy, climate resiliency, and sustainable transportation. With a track record that spans over a century, Shimmick, headquartered in California, unites deep engineering heritage with entrepreneurial spirit to tackle today's most complex infrastructure challenges. We integrate technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions that accelerate economic growth and empower communities nationwide. For more information, visit www.shimmick.com.