Filing Flows › Shimmick (SHIM) › Q1 2026
Shimmick (SHIM) Q1 2026 earnings results (first quarter 2026)
10-K filed Mar 13, 2026
Shimmick (SHIM) reported revenue of $100M for the first quarter 2026 (Q1 2026), -3% from a year earlier and -29% from the quarter before. Operating margin was -0.2%, net loss $2.9M (2.9% of revenue).
Shimmick, Q1 2026: revenue $100M (-3% year over year), operating margin -0.2%, net loss $2.9M, operating cash flow $618K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $100M | -29% | -3% |
| Operating profit | −$245K | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | $618K | — | -99% |
| Free cash flow | $109K | — | -100% |
What changed
Revenue was $100.4M in Q1 2026, down 3% year over year and down 29% from the previous quarter.
Gross margin was 9.9%. Operating costs exceeded revenue by $245K, an operating margin of -0.2%. The quarter ended with a net loss of $2.9M, narrower than the previous quarter's $4.4M loss. Net interest and other expense of $2.6M was the main reason.
Operating cash flow was $618K (down 99% year over year). Non-cash charges added back $3.2M of depreciation and amortization and $717K of share-based compensation. Working capital and other items used $364K. Capital expenditures of $509K left free cash flow of $109K.
Questions
What was Shimmick's revenue in the first quarter 2026?
Shimmick (SHIM) reported revenue of $100M for the first quarter 2026 (Q1 2026), -3% from a year earlier and -29% from the quarter before.
Was Shimmick profitable in the first quarter 2026?
Operating loss was $245K (-0.2% of revenue) and net loss $2.9M.
Source: Shimmick 10-K on SEC EDGAR.