Shimmick reaffirms 2026 guidance for $550M-$600M revenue and $15M-$30M adjusted EBITDA while backlog rises to $944M
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Shimmick Corporation reaffirms its 2026 guidance, expecting revenue between $550M-$600M and adjusted EBITDA of $15M-$30M. The company reported Q1 2026 revenue of $88M with a gross margin of 12%. Despite a decline in revenue from noncore projects, Shimmick's backlog has risen to $944M, indicating strong future growth potential. The CEO expressed confidence in achieving the guidance and highlighted new project opportunities.
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