Shimmick shares surge 13.51% intraday after Q3 results show core project growth, $754M backlog, and first positive EBITDA in four quarters.

Shimmick Corporation surged 13.51% intraday following its Q3 2025 earnings report, driven by strong operational momentum and strategic progress. The company highlighted a 6% year-over-year revenue increase in core Shimmick Projects ($107M), a 67% rise in gross margin for these projects, and a book-to-burn ratio of 1.7x—the first time exceeding 1.0x since 2023. Backlog grew 15% to $754M, with 86% from core projects, and the company reported its first positive Adjusted EBITDA ($4M) in four quarters. Management emphasized disciplined execution, strong bidding activity, and a strategic focus on high-growth infrastructure markets, positioning Shimmick for 2026 growth. Despite a net loss, the positive EBITDA and robust backlog signaled to investors that the company’s transformation strategy is gaining traction.