Skywater Technology Inc
NASDAQ:SKYT

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Skywater Technology Inc
NASDAQ:SKYT
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Price: 17.98 USD -2.71% Market Closed
Market Cap: 872.2m USD

Skywater Technology Inc
Investor Relations

Skywater Technology, Inc. is a holding company. The company is headquartered in Bloomington, Minnesota and currently employs 590 full-time employees. The company went IPO on 2021-04-21. The company offers semiconductor development and manufacturing services from its fabrication facility in Minnesota and packaging services from its Florida facility. The company develops process technology Internet Protocol (IP) with its customers that enables concepts through its advanced technology services for microelectronics integrated circuits (ICs) and related micro-and nanotechnology applications. The company supports its customers with the volume production of ICs for markets through its Wafer Services along with technology development services. The company focuses on serving users in vertical markets, including advanced computation, aerospace and defense (A&D), automotive and transportation, bio-health, consumer and industrial/Internet of things (IoT). Its Advanced Technology Services and Wafer Services customers include Infineon, D-Wave, L3Harris, Leonardo DRS, Microsoft, MGI and Steifpower.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Record Revenue: SkyWater posted Q3 revenue of $150.7 million, surpassing guidance by $15 million and setting a new quarterly record.

Profitability Beat: Gross margin reached 24.6%, well above expectations, and adjusted EBITDA hit $25.8 million, more than double guidance.

Quantum Momentum: SkyWater signed four new quantum computing customers, expects quantum-related revenue to grow over 30% in 2025 and likely at a similar pace in 2026.

Fab 25 Outperformance: The newly acquired Texas Fab 25 contributed nearly $87 million of revenue, above forecasts, with better-than-expected ongoing financial impact.

Guidance Raised: Management expressed strong confidence that 2026 baseline targets—at least $600 million in revenue and $60 million adjusted EBITDA—will prove conservative.

Q4 Outlook: Total revenue projected at $155–$165 million for Q4, with continued strong gross margin and improved profitability versus earlier expectations.

A&D Headwinds: Aerospace and defense revenue is expected to decline modestly in Q4 due to government funding delays, offsetting quantum and packaging strength.

Key Financials
Revenue
$150.7 million
Gross Margin
24.6%
Adjusted EBITDA
$25.8 million
EPS
$0.24
ATS Revenue
over $54 million
Fab 25 (Texas) Revenue
nearly $87 million
Total Debt Outstanding
$184 million
Cash
$31 million
Capital Expenditures
less than $2 million in Q3
Earnings Call Recording
Other Earnings Calls

Management

Mr. Thomas J. Sonderman
CEO & Director
No Bio Available
Mr. John Sakamoto
President & COO
No Bio Available
Mr. Steve Manko
Chief Financial Officer
No Bio Available
Mr. Christopher Hilberg
Chief Risk & Compliance Officer, General Counsel and Secretary
No Bio Available
Ms. Laura Lorenz
Senior Vice President of Human Resources
No Bio Available
Dr. Brad Ferguson Ph.D.
Senior Vice President of Special Programs
No Bio Available
Mr. Ross Miller
Senior Vice President of Commercial and A&D Business
No Bio Available
Mr. Sudhakar Adivikolanu Ph.D.
Senior Vice President of Supply Chain & Information Technology
No Bio Available
Mr. Bassel Haddad
Senior VP & GM of Advanced Packaging
No Bio Available

Contacts

Address
MINNESOTA
Bloomington
2401 East 86Th Street
Contacts