Earnings Per Share

9 Months Ended

Oct. 03, 2025

Note 9. Earnings Per Share

Basic earnings per share (“EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share includes the dilutive effect of employee and director stock options and restricted stock units. Stock options are considered dilutive whenever the exercise price is less than the average market price of the stock during the period and antidilutive whenever the exercise price exceeds the average market price of the common stock during the period. All 1.9 million and 3.4 million employee stock options as of October 3, 2025 and September 27, 2024, respectively, and 1.8 million and 2.4 million restricted stock units as of October 3, 2025 and September 27, 2024, respectively, were excluded from the calculation of diluted earnings per share as they are antidilutive to the EPS calculation.

The computation of basic and diluted EPS is as follows:


	Three Months Ended						Nine Months Ended
(In thousands, except per share data)	October 3, 2025			September 27, 2024			October 3, 2025			September 27, 2024
Numerator:
Net loss attributable to Shimmick Corporation	$	(4,396	)	$	(1,564	)	$	(22,691	)	$	(86,286	)
Numerator for basic and diluted EPS	$	(4,396	)	$	(1,564	)	$	(22,691	)	$	(86,286	)

Denominator:
Denominator for basic EPS - weighted average shares		35,397			33,723			34,886			29,127
Effect of dilutive securities:
Employee stock options		—			—			—			—
Restricted stock units		—			—			—			—
Dilutive potential common shares		—			—			—			—
Denominator for diluted EPS - adjusted weighted average shares and assumed conversions		35,397			33,723			34,886			29,127
Basic earnings per common share	$	(0.12	)	$	(0.05	)	$	(0.65	)	$	(2.96	)
Diluted earnings per common share	$	(0.12	)	$	(0.05	)	$	(0.65	)	$	(2.96	)