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SKYT logoSkyWater Technology, Inc.(SKYT)Earnings, Financials & Key Ratios

SKYT•NASDAQ
$33.43
$1.62B mkt cap·13.7× P/E·Price updated May 6, 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-$3M-110.2%
  • Net Income$119M+1850.6%
  • EPS (Diluted)2.44+1842.9%
  • Gross Margin19.66%-3.3%
  • EBITDA Margin-0.58%-107.9%
  • Operating Margin-0.58%-130.3%
  • Net Margin26.9%+1455.1%
  • ROE91.72%+938.4%
  • ROIC-1.29%-130.9%
  • Debt/Equity0.03-97.5%
Technical→

SKYT Key Insights

SkyWater Technology, Inc. (SKYT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 93 (top 7%)
  • ✓Strong 5Y sales CAGR of 25.8%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

SKYT Price & Volume

SkyWater Technology, Inc. (SKYT) stock price & volume — 10-year historical chart

Loading chart...

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%
TTM29.18%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM1850.55%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM1805.26%

Return on Capital

10 Years-6.17%
5 Years-9.97%
3 Years-1.83%
Last Year-0.9%

SKYT Recent Earnings

SkyWater Technology, Inc. (SKYT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 11/12 qtrs (92%)
Q1 2026Latest
Feb 25, 2026
EPS
$0.03
Est $0.01
-200.0%
Revenue
$171M
Est $160M
+6.8%
Q4 2025
Nov 5, 2025
EPS
$0.24
Est $0.17
+239.5%
Revenue
$151M
Est $136M
+11.2%
Q3 2025
Aug 6, 2025
EPS
$0.11
Est $0.17
+35.3%
Revenue
$59M
Est $57M
+2.8%
Q2 2025
May 7, 2025
EPS
$0.08
Est $0.13
+38.5%
Revenue
$61M
Est $61M
+0.4%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 25, 2026
$0.03vs $0.01-200.0%
$171Mvs $160M+6.8%
Q4 2025Nov 5, 2025
$0.24vs $0.17+239.5%
$151Mvs $136M+11.2%
Q3 2025Aug 6, 2025
$0.11vs $0.17+35.3%
$59Mvs $57M+2.8%
Q2 2025May 7, 2025
$0.08vs $0.13+38.5%
$61Mvs $61M+0.4%
Based on last 12 quarters of dataView full earnings history →

SKYT Peer Comparison

SkyWater Technology, Inc. (SKYT) competitors in Semiconductor Foundries and Manufacturing Services — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
TSEM logoTSEMTower Semiconductor Ltd.Direct Competitor25.36B225.53116.259.05%14.08%7.59%0.06
ICHR logoICHRIchor Holdings, Ltd.Direct Competitor2.35B67.77-44.0111.61%-5.28%-7.5%0.28
CRUS logoCRUSCirrus Logic, Inc.Direct Competitor8.95B171.2228.545.99%20.47%18.74%4.64%0.07
GFS logoGFSGLOBALFOUNDRIES Inc.Product Competitor41.2B74.0446.570.61%13.03%7.64%2.45%0.14
UMC logoUMCUnited Microelectronics CorporationProduct Competitor34.95B14.0126.432.26%20.82%13.5%4.76%0.16
PSIX logoPSIXPower Solutions International, Inc.Product Competitor1.59B69.0913.99-100%21.46%81.27%0.89%0.85
AMBA logoAMBAAmbarella, Inc.Product Competitor3.2B74.36-26.1825.78%-21.31%-13.5%0.73%0.01
AMAT logoAMATApplied Materials, Inc.Supply Chain325.78B410.8247.444.39%24.67%34.28%1.75%0.32

Compare SKYT vs Peers

SkyWater Technology, Inc. (SKYT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TSEM

Most directly comparable listed peer for SKYT.

Scale Benchmark

vs TSM

Larger-name benchmark to compare SKYT against a more recognizable public peer.

Peer Set

Compare Top 5

vs TSEM, ICHR, CRUS, GFS

SKYT Income Statement

SkyWater Technology, Inc. (SKYT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue132.17M136.72M140.44M162.85M212.94M286.68M342.27M442.14M
Revenue Growth %-3.45%2.72%15.96%30.76%34.63%19.39%29.18%
Cost of Goods Sold100.83M111.38M117.75M170.32M186.97M227.39M272.64M355.21M
COGS % of Revenue76.29%81.46%83.84%104.59%87.81%79.32%79.66%80.34%
Gross Profit
31.34M▲ 0%
25.35M▼ 19.1%
22.69M▼ 10.5%
-7.47M▼ 132.9%
25.97M▲ 447.5%
59.29M▲ 128.3%
69.63M▲ 17.4%
86.93M▲ 24.9%
Gross Margin %23.71%18.54%16.16%-4.59%12.19%20.68%20.34%19.66%
Gross Profit Growth %--19.11%-10.47%-132.93%447.52%128.34%17.43%24.86%
Operating Expenses17.38M34.32M31.33M49.63M55.73M74.08M63.07M89.5M
OpEx % of Revenue13.15%25.1%22.31%30.48%26.17%25.84%18.43%20.24%
Selling, General & Admin15.17M18.72M25.03M43.59M46.3M63.91M48.03M74.88M
SG&A % of Revenue11.48%13.69%17.82%26.77%21.74%22.29%14.03%16.94%
Research & Development2.21M6.33M4.21M8.75M9.43M10.17M15.04M14.62M
R&D % of Revenue1.67%4.63%3%5.37%4.43%3.55%4.39%3.31%
Other Operating Expenses09.27M2.09M-2.71M0000
Operating Income
13.96M▲ 0%
-8.97M▼ 164.3%
-8.64M▲ 3.7%
-57.1M▼ 560.8%
-29.77M▲ 47.9%
-14.79M▲ 50.3%
6.56M▲ 144.4%
-2.57M▼ 139.2%
Operating Margin %10.56%-6.56%-6.15%-35.07%-13.98%-5.16%1.92%-0.58%
Operating Income Growth %--164.29%3.67%-560.77%47.87%50.32%144.36%-139.19%
EBITDA29.04M7.69M10.22M-29.74M-1.57M14.14M25.25M-2.57M
EBITDA Margin %21.97%5.63%7.28%-18.26%-0.74%4.93%7.38%-0.58%
EBITDA Growth %--73.52%32.93%-390.85%94.7%997.9%78.57%-110.18%
D&A (Non-Cash Add-back)15.09M16.66M18.87M27.37M28.19M28.93M18.69M0
EBIT13.96M-13.43M-9.3M-50.65M-30.87M-14.79M6.56M0
Net Interest Income0-6.55M-5.5M-3.54M-5.19M-10.83M-8.84M0
Interest Income7.84M0000000
Interest Expense06.55M5.5M3.54M5.19M10.83M8.84M-13.71M
Other Income/Expense-13.98M-11.01M-6.15M2.91M-6.29M-10.83M-8.84M98.03M
Pretax Income
-21K▲ 0%
-19.98M▼ 95033.3%
-14.79M▲ 25.9%
-54.19M▼ 266.3%
-36.06M▲ 33.5%
-25.61M▲ 29.0%
-2.28M▲ 91.1%
95.46M▲ 4292.4%
Pretax Margin %-0.02%-14.61%-10.53%-33.28%-16.94%-8.93%-0.67%21.59%
Income Tax44K-3.56M4.92M-6.79M809K-521K240K-27.99M
Effective Tax Rate %-209.52%17.81%-33.25%12.53%-2.24%2.03%-10.54%-29.32%
Net Income
-65K▲ 0%
-16.42M▼ 25160.0%
-20.62M▼ 25.6%
-50.7M▼ 145.9%
-39.59M▲ 21.9%
-30.76M▲ 22.3%
-6.79M▲ 77.9%
118.92M▲ 1850.6%
Net Margin %-0.05%-12.01%-14.68%-31.13%-18.59%-10.73%-1.98%26.9%
Net Income Growth %--25160%-25.57%-145.89%21.9%22.32%77.91%1850.55%
Net Income (Continuing)-65K-16.42M-19.71M-47.4M-36.87M-25.09M-2.52M118.92M
Discontinued Operations00000000
Minority Interest00-1.57M-1.2M308K6.96M5.88M7.99M
EPS (Diluted)
-0.00▲ 0%
-0.42▼ 24605.9%
-0.50▼ 19.0%
-1.19▼ 138.0%
-0.90▲ 24.4%
-0.68▲ 24.4%
-0.14▲ 79.4%
2.44▲ 1842.9%
EPS Growth %---19.05%-138%24.37%24.44%79.41%1842.86%
EPS (Basic)-0.00-0.42-0.50-1.19-0.90-0.68-0.142.47
Diluted Shares Outstanding39.06M39.06M39.06M39.84M40.84M45.51M47.4M48.71M
Basic Shares Outstanding39.06M39.06M39.06M39.84M40.84M45.51M47.4M48.18M
Dividend Payout Ratio--------

SKYT Balance Sheet

SkyWater Technology, Inc. (SKYT) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets38.26M84.52M76.57M74.4M116.55M146.38M132.08M193.07M
Cash & Short-Term Investments498K4.61M7.44M12.92M30.02M18.38M18.84M23.22M
Cash Only498K4.61M7.44M12.92M30.02M18.38M18.84M23.22M
Short-Term Investments00000000
Accounts Receivable18.98M61.97M30M40.13M62.84M95.8M76.54M100.08M
Days Sales Outstanding52.42165.4377.9689.94107.71121.9781.6282.62
Inventory18.03M15.99M27.17M17.5M13.4M15.34M14.54M24.6M
Days Inventory Outstanding65.2752.4184.2237.526.1524.6219.4625.28
Other Current Assets025K9.21M1.58M7.77M14.19M18.18M45.16M
Total Non-Current Assets110.01M105.92M186.64M189.2M189.21M170.38M181.7M540.71M
Property, Plant & Equipment106.55M101.87M178.08M180.47M180.06M159.46M165.43M511.72M
Fixed Asset Turnover1.24x1.34x0.79x0.90x1.18x1.80x2.07x0.86x
Goodwill00000000
Intangible Assets1.76M1.62M4.56M3.89M5.61M5.67M7.78M9.17M
Long-Term Investments00000000
Other Non-Current Assets1.71M2.43M4M4.83M3.55M5.25M8.49M19.82M
Total Assets
148.27M▲ 0%
190.44M▲ 28.4%
263.21M▲ 38.2%
263.6M▲ 0.1%
305.76M▲ 16.0%
316.76M▲ 3.6%
313.77M▼ 0.9%
733.78M▲ 133.9%
Asset Turnover0.89x0.72x0.53x0.62x0.70x0.91x1.09x0.60x
Asset Growth %-28.44%38.21%0.15%16%3.59%-0.94%133.86%
Total Current Liabilities40.93M46.57M86.33M47.77M132.17M144.2M154.33M324.21M
Accounts Payable10.21M11.26M16.79M7.64M21.1M19.61M29.59M34.87M
Days Payables Outstanding36.9536.8952.0516.3741.1931.4839.6135.83
Short-Term Debt2.74M4.15M2.77M1.02M57.67M26.74M32.74M5.84M
Deferred Revenue (Current)216K2.98M30.65M20.81M28.19M49.55M55.17M0
Other Current Liabilities17.85M25.54M22.9M5.37M5.71M36.16M6.39M283.51M
Current Ratio0.93x1.81x0.89x1.56x0.88x1.02x0.86x0.60x
Quick Ratio0.49x1.47x0.57x1.19x0.78x0.91x0.76x0.52x
Cash Conversion Cycle80.73180.95110.12111.0792.67115.1161.4772.07
Total Non-Current Liabilities68.74M119.7M178.47M155.91M119.61M111.86M95.96M213.75M
Long-Term Debt33.11M43.84M69.83M58.43M35.18M36.1M34.7M0
Capital Lease Obligations0001.2M9.36M9.33M8.65M0
Deferred Tax Liabilities9.93M5.67M8.06M995K1.24M679K632K6.37M
Other Non-Current Liabilities25.7M21.69M5.18M7.19M5.87M069K207.38M
Total Liabilities109.67M166.27M264.79M203.67M251.79M256.06M250.28M537.96M
Total Debt35.85M47.99M72.6M61.84M103.04M72.86M76.76M5.84M
Net Debt35.35M43.38M65.16M48.92M73.02M54.48M57.91M-17.39M
Debt / Equity0.93x1.99x-1.03x1.91x1.20x1.21x0.03x
Debt / EBITDA1.23x6.24x7.10x--5.15x3.04x-
Net Debt / EBITDA1.22x5.64x6.37x--3.85x2.29x-
Interest Coverage--1.37x-1.57x-16.12x-5.73x-1.37x0.74x-
Total Equity
38.6M▲ 0%
24.17M▼ 37.4%
-1.58M▼ 106.6%
59.93M▲ 3883.3%
53.98M▼ 9.9%
60.7M▲ 12.5%
63.49M▲ 4.6%
195.82M▲ 208.4%
Equity Growth %--37.39%-106.55%3883.27%-9.93%12.46%4.59%208.42%
Book Value per Share0.990.62-0.041.501.321.331.344.02
Total Shareholders' Equity38.6M24.17M-16K61.13M53.67M53.74M57.61M187.82M
Common Stock3.92M7.33M3.77M398K437K470K478K489K
Retained Earnings34.67M16.83M-3.78M-54.48M-94.07M-125.2M-132M-15.05M
Treasury Stock00000000
Accumulated OCI00000000
Minority Interest00-1.57M-1.2M308K6.96M5.88M7.99M

SKYT Cash Flow Statement

SkyWater Technology, Inc. (SKYT) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations12.59M10.92M96.19M-55.68M-14.3M10.08M18.46M-24.15M
Operating CF Margin %9.53%7.99%68.5%-34.19%-6.71%3.52%5.39%-5.46%
Operating CF Growth %--13.27%780.66%-157.88%74.32%170.51%83.12%-230.82%
Net Income-65K-16.42M-19.71M-47.4M-36.87M-25.09M-2.52M123.45M
Depreciation & Amortization15.09M16.66M18.87M27.37M28.19M28.93M18.69M35.67M
Stock-Based Compensation3.11M4.17M2.64M12.53M8.61M6.86M8.17M9.42M
Deferred Taxes-1.2M-3.83M2.39M-7.06M244K-560K-496K-31.5M
Other Non-Cash Items36.22M6.97M-7.74M-6.97M2.83M3.06M1.82M-161.2M
Working Capital Changes-2.35M3.37M99.76M-34.15M-17.3M-3.11M-7.21M0
Change in Receivables-4.49M-42.47M31.45M-9.39M-11.6M-33.37M20.2M-22.44M
Change in Inventory-3.45M2.04M-11.18M-3.77M-9.22M-1.94M805K-4.26M
Change in Payables3.02M-595K12.08M-5.91M20.98M0-10.39M13.66M
Cash from Investing-4.28M-7.37M-88.18M-29.82M-17.45M-10.49M-11.21M-118M
Capital Expenditures-5.55M-8.46M-85.77M-30.76M-17.05M-8.62M-7.94M-29.05M
CapEx % of Revenue4.2%6.18%61.07%18.89%8.01%3.01%2.32%6.57%
Acquisitions1.28M0000000
Investments--------
Other Investing1.21M1.09M-2.41M939K-400K-1.87M-3.26M-88.95M
Cash from Financing-7.82M552K-5.19M90.98M48.86M-11.23M-6.79M146.52M
Debt Issued (Net)3.21M10.49M-12.3M-8.19M33.96M-32.58M-931K0
Equity Issued (Net)00-1000K1000K1000K1000K1000K0
Dividends Paid00-2.47M-2.92M0000
Share Repurchases00-4.08M00000
Other Financing-11.03M-9.94M13.67M-2.12M-5.19M945K-8.36M146.52M
Net Change in Cash
498K▲ 0%
4.11M▲ 724.7%
2.83M▼ 31.1%
5.48M▲ 93.6%
17.11M▲ 212.1%
-11.64M▼ 168.1%
462K▲ 104.0%
4.38M▲ 848.1%
Free Cash Flow
7.04M▲ 0%
1.96M▼ 72.2%
6.34M▲ 224.1%
-87.66M▼ 1482.2%
-31.75M▲ 63.8%
-408K▲ 98.7%
7.2M▲ 1864.7%
-53.2M▼ 838.8%
FCF Margin %5.33%1.43%4.52%-53.83%-14.91%-0.14%2.1%-12.03%
FCF Growth %--72.21%224.07%-1482.25%63.78%98.72%1864.71%-838.82%
FCF per Share0.180.050.16-2.20-0.78-0.010.15-1.09
FCF Conversion (FCF/Net Income)-193.75x-0.67x-4.67x1.10x0.36x-0.33x-2.72x-0.20x
Interest Paid04.73M4.44M2.74M4.44M8.76M6.55M0
Taxes Paid01.38M149K2.92M3K6K112K0

SKYT Key Ratios

SkyWater Technology, Inc. (SKYT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)-0.17%-52.32%-182.59%-173.79%-69.52%-53.64%-10.94%91.72%
Return on Invested Capital (ROIC)14.15%-9.51%-9.89%-49.68%-18.93%-9.16%4.16%-1.29%
Gross Margin23.71%18.54%16.16%-4.59%12.19%20.68%20.34%19.66%
Net Margin-0.05%-12.01%-14.68%-31.13%-18.59%-10.73%-1.98%26.9%
Debt / Equity0.93x1.99x-1.03x1.91x1.20x1.21x0.03x
Interest Coverage--1.37x-1.57x-16.12x-5.73x-1.37x0.74x-
FCF Conversion-193.75x-0.67x-4.67x1.10x0.36x-0.33x-2.72x-0.20x
Revenue Growth-3.45%2.72%15.96%30.76%34.63%19.39%29.18%

SKYT SEC Filings & Documents

SkyWater Technology, Inc. (SKYT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 26, 2026·SEC

Material company update

Feb 25, 2026·SEC

Material company update

Jan 26, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 11, 2026·SEC

FY 2025

Mar 14, 2025·SEC

FY 2024

Mar 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 12, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

SKYT Frequently Asked Questions

SkyWater Technology, Inc. (SKYT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

SkyWater Technology, Inc. (SKYT) reported $442.1M in revenue for fiscal year 2025. This represents a 235% increase from $132.2M in 2018.

SkyWater Technology, Inc. (SKYT) grew revenue by 29.2% over the past year. This is strong growth.

Yes, SkyWater Technology, Inc. (SKYT) is profitable, generating $118.9M in net income for fiscal year 2025 (26.9% net margin).

Dividend & Returns

SkyWater Technology, Inc. (SKYT) has a return on equity (ROE) of 91.7%. This is excellent, indicating efficient use of shareholder capital.

SkyWater Technology, Inc. (SKYT) had negative free cash flow of $53.2M in fiscal year 2025, likely due to heavy capital investments.

Explore More SKYT

SkyWater Technology, Inc. (SKYT) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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