Zacks Investment Research·Jun 29, 2026
SkyWater Technology, Inc. (SKYT) Rises Higher Than Market: Key FactsSkyWater Technology, Inc. (SKYT) closed at $35.6 in the latest trading session, marking a +1.95% move from the prior day.
SkyWater Technology, Inc.(SKYT)Earnings, Financials & Key Ratios
SKYT•NASDAQ
$33.38
13.7× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustrySemiconductorsSub-IndustrySemiconductor Foundries and Manufacturing Services
AboutSkyWater Technology, Inc., together with its subsidiaries, provides semiconductor development and manufacturing services. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, power discrete, microelectromechanical systems, and rad-hard integrated circuits. It serves customers operating in the computation, aerospace and defense, automotive and transportation, bio-health, consumer, and industrial/internet of things industries. The company was incorporated in 2017 and is headquartered in Bloomington, Minnesota.Show more
- Revenue$442M+29.2%
- EBITDA$35M+36.6%
- Net Income$119M+1850.6%
- EPS (Diluted)2.44+1842.9%
- Gross Margin19.98%-1.8%
- EBITDA Margin7.8%+5.8%
- Operating Margin-0.26%-113.8%
- Net Margin26.9%+1455.1%
- ROE91.72%+938.4%
SKYT Price & Volume
SkyWater Technology, Inc. (SKYT) stock price & volume — 10-year historical chart
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Rapid Revenue Scaling Faces Structural Liquidity Constraints
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Accelerating
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Liquidity and Dilution Risk
Key Thesis Takeaways
- SkyWater Technology exhibits aggressive top-line expansion, evidenced by 162.1% year-over-year revenue growth in 2026Q1, yet the company struggles to translate this scale into consistent operating profitability.
- The reliance on capital-intensive fabrication projects has led to a precarious liquidity position, with a current ratio of 0.51 and significant debt-to-equity leverage of 1.27.
- Investors should monitor whether the company can achieve sustainable operating leverage or if it will require further dilutive financing to support its $510.1 million net property, plant, and equipment base.
Verdict Logic
the company's precarious liquidity position, highlighted by a current ratio of 0.51 and persistent operating losses, suggests significant execution risk despite the recent 162.1% revenue growth.
SKYT Growth Metrics
SkyWater Technology, Inc. (SKYT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years25.78%
3 Years27.58%
TTM67.18%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM1455.12%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM1450.72%
Return on Capital
10 Years-6.11%
5 Years-9.87%
3 Years-1.67%
Last Year-0.41%
SKYT Recent Earnings
SkyWater Technology, Inc. (SKYT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.14-68.9%
$0.08
Rev
$161M+10.0%
$146M
Q2 2026
May 8, 2026Metric
Actual
Est
EPS
$0.14-75.0%
$0.08
Rev
$161M+10.0%
$146M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.03-200.0%
$0.01
Rev
$171M+6.8%
$160M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.24+239.5%
$0.17
Rev
$151M+11.2%
$136M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.14vs $0.08-68.9% | $161Mvs $146M+10.0% |
| Q2 2026 | May 8, 2026 | $0.14vs $0.08-75.0% | $161Mvs $146M+10.0% |
| Q1 2026 | Feb 25, 2026 | $0.03vs $0.01-200.0% | $171Mvs $160M+6.8% |
| Q4 2025 | Nov 5, 2025 | $0.24vs $0.17+239.5% | $151Mvs $136M+11.2% |
Based on last 12 quarters of dataView full earnings history →
Latest SKYT News
Recent stock market news and headlines for SkyWater Technology, Inc. (SKYT)
Zacks Investment Research·Jun 26, 2026
SkyWater Technology, Inc. (SKYT) Is a Trending Stock: Facts to Know Before Betting on ItZacks.com users have recently been watching SkyWater Technology (SKYT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zacks Investment Research·Jun 24, 2026
SkyWater Technology, Inc. (SKYT) Dips More Than Broader Market: What You Should KnowIn the most recent trading session, SkyWater Technology, Inc. (SKYT) closed at $35.05, indicating a -4.05% shift from the previous trading day.
Zacks Investment Research·Jun 18, 2026
Why SkyWater Technology, Inc. (SKYT) Outpaced the Stock Market TodaySkyWater Technology, Inc. (SKYT) reached $36.57 at the closing of the latest trading day, reflecting a +1.67% change compared to its last close.
Peers Comparison
Key metrics vs top competitors for SkyWater Technology, Inc. (SKYT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $33.38 | $1.64B | 13.68 | 29.18% | 26.9% | 91.72% | — | |
| $211.93 | $24.23B | 109.24 | 9.05% | 15.13% | 8.54% | — | |
| $85.01 | $2.95B | -55.20 | 11.61% | -5.28% | -7.5% | — | |
| $146.57 | $7.48B | 18.70 | 5.34% | 20.75% | 20.21% | — | |
| $65.84 | $36.11B | 41.41 | 0.61% | 11.37% | 6.63% | — | |
| $23.83 | $59.44B | 45.87 | 2.26% | 20.82% | 13.5% | — |
Compare SKYT vs Peers
SkyWater Technology, Inc. (SKYT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SKYT SEC Filings & Documents
SkyWater Technology, Inc. (SKYT) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 8, 2026·SEC
Material company update
Apr 24, 2026·SEC
Material company update
Mar 26, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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SKYT Frequently Asked Questions
SkyWater Technology, Inc. (SKYT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is SkyWater Technology, Inc.'s revenue?
SkyWater Technology, Inc. (SKYT) reported $541.5M in revenue for fiscal year 2025. This represents a 310% increase from $132.2M in 2018.
How fast is SkyWater Technology, Inc. growing?
SkyWater Technology, Inc. (SKYT) grew revenue by 29.2% over the past year. This is strong growth.
Is SKYT profitable?
Yes, SkyWater Technology, Inc. (SKYT) is profitable, generating $114.0M in net income for fiscal year 2025 (26.9% net margin).
Dividend & Returns
What is SKYT's return on equity?
SkyWater Technology, Inc. (SKYT) has a return on equity (ROE) of 91.7%. This is excellent, indicating efficient use of shareholder capital.
What is SkyWater Technology, Inc.'s free cash flow?
SkyWater Technology, Inc. (SKYT) had negative free cash flow of $75.5M in fiscal year 2025, likely due to heavy capital investments.