FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended April 3, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 Shimmick Corporation (Exact Name of Registrant as Specified in its Charter) Registrant’s telephone number, including area code: (833) 723-2021 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒Emerging growth company☒ Accelerated filer☐Smaller reporting company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of May 12, 2026, the registrant had 36,696,660 shares of Common Stock, par value $0.01 per share, outstanding. FORWARD-LOOKING STATEMENTS We make forward-looking statements in this Quarterly Report on Form 10-Q (“Form 10-Q”) within the meaning of Section 27A ofthe Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended(the “Exchange Act”) that are subject to risks and uncertainties. For these statements, we claim the protections of the safe harbor forforward-looking statements contained in such Sections. These forward-looking statements include information about possible orassumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. When we use thewords “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” "project," "will," “should,” “may” or similarexpressions, we intend to identify forward-looking statements. However, the absence of these words or similar expressions does notmean that a statement is not forward-looking. All statements that address operating performance, events or developments that weexpect or anticipate will occur in the future are forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue relianceon such statements. Actual results may differ materially from those set forth in the forward-looking statements. Accordingly, anysuch statements are qualified in their entirety by reference to, and are accompanied by, important factors included in the sectionsentitled “Forward Looking Statements” and “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended January 2,2026 ("Form 10-K") and those described from time to time in our future reports with the Securities and Exchange Commission (the"SEC") (in addition to any assumptions and other factors referred to specifically in connection with such forward-lookingstatements) that could have a significant impact on our operations and financial results, and could cause our actual results to differmaterially from those contained or implied in forward-looking statements made by us or on our behalf in this Form 10-Q, inpresentations, on our websites, in response to questions or otherwise. We believe these factors include, but are not limited to, thefollowing: •our ability to accurately estimate risks, requirements or costs when we bid on or negotiate a contract,•the impact of our fixed-price contracts,•qualifying as an eligible bidder for contracts•the availability of qualified personnel, joint venture partners and subcontractors,•inability to attract and retain qualified managers and skilled employees and the impact of loss of key management,•higher costs to lease, acquire and maintain equipment necessary for our operations or a decline in the market value ofowned equipment,•subcontractors failing to satisfy their obligations to us or other parties or any inability to maintain subcontractorrelationships,•marketplace competition,