SkyWater Technology, Inc.

SkyWater Technology, Inc.

SKYT
SkyWater Technology, Inc.US flagNASDAQ Capital Market
36.61
USD
+0.81
- -
1.80BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.6
3.81
5.61
5.21
6.3
7.22
9.18
11.18
Basic EPS, GAAP
-0.43
-0.56
-1.76
-0.97
-0.68
-0.14
2.47
2.35
Free Cash Flow per Basic Share
0.05
0.17
-3.02
-0.78
-0.01
0.15
-1.17
-1.63
Dividend per Share
- -
0.07
0.1
- -
- -
- -
- -
- -
Book Value per Share
0.64
- -
-1.86
-2.29
-2.74
-2.82
-0.3
-0.55
Tangible Book Value per Share
0.59
-0.17
1.93
1.18
1.21
1.13
3.87
3.67
Basic Weighted Avg Shares
38
37
29
41
46
47
48
48
Sales/Revenue/Turnover
137
140
163
213
287
342
442
542
Operating Margin (%)
-6.56
-4.66
-36.73
-13.98
-5.16
1.92
-0.58
-0.71
Depreciation Expense
17
19
27
28
29
19
36
45
Net Income, GAAP
-16
-21
-51
-40
-31
-7
119
114
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-12.01
-14.68
-31.13
-18.59
-10.73
-1.98
26.89
21.04
Working Capital
38
-10
27
-16
2
-24
-131
-172
LT Debt
44
70
60
45
45
43
58
59
Total Equity
24
-2
60
54
61
62
196
188
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
152
193
179
LT Borrowings
34
33
32
LT Finance Leases
26
25
27
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
49
49
49
Market Capitalization
895
875
1,327

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
239
193
182
Cash, Cash Equivalents & STI
31
23
22
Accounts Receivable, Net
85
100
89
Inventories
20
25
26
Total Current Liabilities
356
324
354
Payables & Accruals
94
78
103
ST Debt
152
193
179
Deferred Revenue
92
42
52

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-732.22%
218.29%
Free Cash Flow
- -
-877.92%
-880.17%
Net Income, GAAP
- -
-365.34%
-1,850.48%
Sales/Revenue/Turnover
- -
25.98%
29.18%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
80
93
94
75
342
2025
61
59
151
171
442
2026
161
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.12
-0.04
0.03
-0.01
-0.14
2025
-0.15
-0.21
2.98
-0.16
2.47
2026
-0.25
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Thomas J. Sonderman
Full Time Employees
702
Sector
Technology
Industry
Semiconductors
Address
2401 East 86th Street Bloomington MN United States of America 55425
IPO Date
Apr 21, 2021
Business
SkyWater Technology, Inc. SkyWater Technology, Inc. (SKYT) operates as a U.S.-based pure-play semiconductor technology foundry, providing advanced engineering, development, manufacturing, and packaging services through its proprietary Technology as a Service (TaaS) model that enables customers to co-create process technology intellectual property for disruptive microelectronics and nanotechnology applications; core offerings encompass Advanced Technology Services (ATS) for custom process integration including mixed-signal CMOS, read-out integrated circuits (ROICs), radiation-hardened (rad-hard) integrated circuits, power discretes, micro-electromechanical systems (MEMS), superconducting integrated circuits, photonics, carbon nanotubes, interposers, and heterogeneous integration, alongside Wafer Services for volume production of silicon-based analog and mixed-signal devices, high-voltage components, and copper interconnects. The company serves diversified high-growth end markets such as aerospace and defense, automotive, biomedical and bio-health, industrial, advanced computation, quantum computing, and emerging deep-tech sectors, partnering with fabless firms, integrated device manufacturers (IDMs), and original equipment manufacturers (OEMs) across the United States from facilities including its headquarters and primary fabrication site in Bloomington, Minnesota, a center of excellence for quantum development, as well as expanded operations in Austin, Texas, and advanced packaging in Florida. Founded in 2017 through the acquisition of Cypress Semiconductor's foundry operations by Oxbow Industries and headquartered in Bloomington, Minnesota, SkyWater maintains DMEA-accredited Category 1A Trusted Supplier status as the sole U.S.-owned pure-play foundry emphasizing domestic manufacturing excellence. Recent major developments include the June 2025 acquisition of Infineon Technologies' Fab 25 facility in Austin, Texas, for $93 million—funded via a $350 million credit facility—quadrupling U.S. production capacity under a multiyear supply agreement valued over $1 billion while integrating Infineon's high-voltage and copper interconnect intellectual property into SkyWater's S130 platform to accelerate customer product transfers and multi-project wafer runs starting in 2026; accelerated quantum computing momentum with four new customer engagements since mid-2025, expansion of superconducting films, interposers, and chip integration capabilities, and plans to launch a superconducting design platform in the second half of 2025; record third-quarter 2025 results with quantum identified as the second-largest end market, forecasting over 30% revenue growth in 2025 and at least $600 million in 2026 alongside adjusted EBITDA of $60 million or more driven by quantum services, Fab 25 scaling, and reshoring incentives.

Company News

MCPAPIChat
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