Traders should monitor execution on the growing backlog and margin sustainability in Shimmick Projects. The stock may re-rate if the company delivers on its 2026 guidance, particularly Adjusted EBITDA expansion. Near-term volatility possible as legacy project wind-down completes.
Price Chart
Executive Summary
Shimmick Corporation reported Q4 and FY2025 results with total revenue of $100M (Q4) and $493M (FY), down 4% YoY in Q4 but up 12% for the full year. The company posted a net loss of $3M in Q4, a significant improvement from a $38M loss in the prior year, driven by a 462% YoY gross margin increase in its core Shimmick Projects segment. Management issued strong 2026 guidance, forecasting 12-22% revenue growth and Adjusted EBITDA of $15M–$30M, reflecting confidence in ongoing turnaround.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was $100M, down 4% YoY from $104M; FY2025 revenue was $493M, up 12% from $480M
- Shimmick Projects Q4 revenue grew 4% YoY to $84M, with gross margin surging 462% to $10M (12% margin vs 3% prior year)
- Q4 2025 net loss narrowed to $3M from $38M in Q4 2024; Adjusted EBITDA turned positive at $4M, second consecutive quarter
- Backlog reached $793M as of January 2, 2026, with $139M in new awards in Q4 and $128M added through February 2026
- Company guided FY2026 revenue to $550M–$600M (12–22% growth) and Adjusted EBITDA to $15M–$30M (200–500% growth)
Financial Impact
Revenue expected to grow $57M to $107M in 2026 with Adjusted EBITDA improving $10M to $25M, driven by higher-margin project mix and operational improvements
Risk Factors
- Execution risk on new project ramp-up
- Legacy Non-Core Projects may still incur unexpected costs
- Guidance dependent on continued strong bidding and award conversion
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3255099 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 8-K | $3.13 | awaiting T+20 | — | $2.37 (−24.28%) |
Aug 10, 2026 11w ago | 8-K | $3.94 $3.47 | ▼ −11.93% | ▼ −10.87% | $2.37 (−39.85%) |
Aug 10, 2026 11w ago | Press Release | $3.94 $3.47 | ▲ +11.93% | ▲ +10.87% | $2.37 (+39.85%) |
May 26, 2026 21w ago | 8-K | $3.59 $4.08 | ▼ −13.65% | ▼ −15.55% | $2.37 (+33.98%) |
May 22, 2026 22w ago | 424B5 | $3.83 $3.54 | ▲ +7.70% | ▲ +5.75% | $2.37 (+38.12%) |
May 22, 2026 22w ago | 424B5 | $3.83 $3.54 | ▼ −7.70% | ▼ −5.75% | $2.37 (−38.12%) |
May 22, 2026 22w ago | Press Release | $3.70 $3.76 | ▼ −1.57% | ▼ −2.98% | $2.37 (+35.95%) |
Mar 12, 2026 32w ago | Press Release | $3.21 $3.91 | ▲ +21.81% | ▲ +18.22% | $2.37 (−26.17%) |
US Market Status
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