SkyWater Technology, Inc. (SKYT) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
SKYT's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
SKYT Revenue Analysis (2018–2025)
As of March 1, 2026, SkyWater Technology, Inc. (SKYT) generated trailing twelve-month (TTM) revenue of $442.1 million, reflecting explosive growth of +126.6% year-over-year. The most recent quarter (Q4 2025) recorded $171.0 million in revenue, up 13.5% sequentially.
Looking at the longer-term picture, SKYT's 5-year compound annual growth rate (CAGR) stands at +25.8%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $442.1 million in 2025, representing a new all-time high.
Revenue diversification analysis shows SKYT's business is primarily driven by Advanced Technology Services, Fixed Price (75%), Wafer Services (21%), and Advanced Technology Services, Other (4%). With over half of revenue concentrated in Advanced Technology Services, Fixed Price, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including TSM (+31.9% YoY), GFS (+0.6% YoY), and UMC (+1.4% YoY), SKYT has outperformed the peer group in terms of revenue growth. Compare SKYT vs TSM →
Peer Comparison
Compare SKYT's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SKYTCurrent | $442M | +126.6% | +25.8% | -0.6% | |
| TSM | $3.85T | +31.9% | +23.5% | 50.8% | |
| GFS | $6.8B | +0.6% | +7.0% | 11.7% | |
| UMC | $237.6B | +1.4% | +9.4% | 18.5% | |
| TSEM | $1.6B | +9.1% | +4.4% | 12.4% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $442.1M | +29.2% | $86.9M | 19.7% | $-2,571,000 | -0.6% |
| 2024 | $342.3M | +19.4% | $69.6M | 20.3% | $6.6M | 1.9% |
| 2023 | $286.7M | +34.6% | $59.3M | 20.7% | $-14,788,000 | -5.2% |
| 2022 | $212.9M | +30.8% | $26.0M | 12.2% | $-29,767,000 | -14.0% |
| 2021 | $162.8M | +16.0% | $-7,472,000 | -4.6% | $-57,104,000 | -35.1% |
| 2020 | $140.4M | +2.7% | $22.7M | 16.2% | $-8,642,000 | -6.2% |
| 2019 | $136.7M | +3.4% | $25.3M | 18.5% | $-8,971,000 | -6.6% |
| 2018 | $132.2M | - | $31.3M | 23.7% | $14.0M | 10.6% |
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Start ComparisonFrequently Asked Questions
Is SKYT's revenue growth accelerating or slowing?
SKYT revenue is accelerating at +126.6% year-over-year, exceeding the 5-year CAGR of +25.8%. TTM revenue reached $442M. Growth momentum has increased versus prior periods.
What is SKYT's long-term revenue growth rate?
SkyWater Technology, Inc.'s 5-year revenue CAGR of +25.8% reflects the sustained expansion pattern. Current YoY growth of +126.6% is above this long-term average.
How is SKYT's revenue distributed by segment?
SKYT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.