Shimmick Third-Quarter Revenue Reaches $136 Million With First Positive Net Income Since Third Quarter 2023
Shimmick Corporation, the Irvine, California-based infrastructure construction company, announced financial results on November 12, 2026 for the third quarter ended October 2, 2026. The company reported third-quarter revenue of $136 million, all of it driven by Shimmick Projects.
Revenue recognized on Shimmick Projects rose 28 percent quarter over quarter; the segment recorded $107 million of revenue in the prior-year quarter. Third-quarter gross margin was $17 million, driven by $18 million of gross margin from Shimmick Projects.
Shimmick recognized net income of $1 million in the quarter, which the company said was its first quarter with positive net income since the third quarter of 2023.
Adjusted EBITDA was $9 million, up 106 percent quarter over quarter, the company's fifth consecutive quarter of positive adjusted EBITDA, with trailing-twelve-month adjusted EBITDA of $20 million.
Backlog was approximately $907 million at the end of the third quarter. The company said it now expects full-year consolidated revenue in the range of $500 million to $525 million, representing year-over-year growth of 4 percent at the midpoint.
All figures are from Shimmick's own earnings release distributed via GlobeNewswire.
Source: Shimmick Corporation
Published by GSM · USA (original Chinese edition)
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