Shimmick (SHIM) reported a Q1 adjusted loss late Thursday of $0.07 per diluted share, narrowing from a loss of $0.22 a year earlier.

Two analysts polled by FactSet expected a loss of $0.08.

Revenue for the three months ended April 3 was $88 million down from $122 million a year earlier.

Two analysts surveyed by FactSet expected $116.8 million.

The company reaffirmed its full-year 2026 revenue guidance of $550 million to $600 million. Two analysts expect $550.8 million.