Shimmick Corporation announced Q1 2026 results with $88 million in revenue, driven entirely by its core Shimmick Projects. The company reported a net loss of $4 million, an improvement from the previous year, and achieved a positive adjusted EBITDA of $3 million for the third consecutive quarter. Backlog reached $944 million, the highest since Q1 2024, supported by $289 million in new work booked and $174 million pending awards. Despite early quarter challenges from weather and project starts, Shimmick expects stronger activity in the summer and reaffirms full-year revenue growth guidance of 12-22% and a significant increase in adjusted EBITDA.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
UnitedHealth Group reported second-quarter earnings that surpassed expectations, driven by better management of high medical costs and AI investments to streamline operations. The company raised its 2026 adjusted earnings forecast to $19.50-$20 per s...
Meta Platforms has been upgraded to a buy rating due to its new cloud business, which is expected to stabilize cash flow and improve profitability. Despite heavy capital expenditures, Meta maintains strong free cash flow margins and operational effic...
Bitcoin Treasury Capital, a Stockholm-based firm, has received approval to issue 195,078 Class A preferred shares on the Spotlight Stock Market, starting July 20, 2026. These shares, priced at SEK 120 each, offer a 10% annual dividend backed entirely...
Bitcoin price recently hit a strong resistance level at $65,600 but failed to break through, signaling a possible reversal. Short-term momentum is weakening, suggesting the price may decline unless a sudden surge occurs. Key support levels include th...
