SkyWater Technology, IncSKYTEarnings & Financial Report
SkyWater Technology, Inc. is an American semiconductor engineering and fabrication foundry, based in Bloomington, Minnesota. It is the only US-owned pure-play silicon foundry.
Revenue
$79.6M
Gross Profit
$13.0M
Operating Profit
$-2.2M
Net Profit
$-5.7M
Gross Margin
16.3%
Operating Margin
-2.8%
Net Margin
-7.2%
YoY Growth
22.4%
EPS
$-0.12
SkyWater Technology, Inc Q1 FY2024 Financial Summary
SkyWater Technology, Inc reported revenue of $79.6M (up 22.4% YoY) for Q1 FY2024, with a net profit of $-5.7M (down 88.3% YoY) (-7.2% margin). Cost of goods sold was $66.7M, operating expenses totaled $15.2M.
Key Financial Metrics
| Total Revenue | $79.6M |
|---|---|
| Net Profit | $-5.7M |
| Gross Margin | 16.3% |
| Operating Margin | -2.8% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
SkyWater Technology, Inc Q1 FY2024 revenue of $79.6M breaks down across 5 segments, led by Advanced Technology Services Time And Materials at $42.5M (53.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Advanced Technology Services Time And Materials | $42.5M | 53.4% |
| Advanced Technology Services Fixed Price | $17.5M | 22.0% |
| Transferred At Point In Time | $9.6M | 12.1% |
| Tool | $8.5M | 10.6% |
| CA | $2.2M | 2.8% |
SkyWater Technology, Inc Revenue by Segment — Quarterly Trend
SkyWater Technology, Inc revenue by segment across the last 4 reported quarters, showing how each business line (such as Advanced Technology Services Time And Materials and Advanced Technology Services Fixed Price) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Advanced Technology Services Fixed Price | — | $18.4M | $15.3M | $14.3M |
| Transferred At Point In Time | — | $2.5M | $5.1M | — |
| Tool | $28.9M | $3.7M | $1.0M | — |
SkyWater Technology, Inc Annual Revenue by Year
SkyWater Technology, Inc annual revenue history includes year-by-year totals (for example, 2025 revenue was $442.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $442.1M |
| 2024 | $342.3M |
| 2022 | $212.9M |
SkyWater Technology, Inc Quarterly Revenue & Net Profit History
SkyWater Technology, Inc results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $171.0M | +126.6% | $-7.8M | -4.5% |
| Q3 FY2025 | $150.7M | +60.7% | $144.0M | 95.5% |
| Q2 FY2025 | $59.1M | -36.7% | $-10.0M | -16.9% |
| Q1 FY2025 | $61.3M | -23.0% | $-7.3M | -12.0% |
| Q4 FY2024 | $75.5M | +5.4% | $-679.0K | -0.9% |
| Q3 FY2024 | $93.8M | +34.4% | $1.5M | 1.6% |
| Q2 FY2024 | $93.3M | +41.2% | $-1.9M | -2.0% |
| Q1 FY2024 | $79.6M | +22.4% | $-5.7M | -7.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $79.6M | $93.3M | $93.8M | $75.5M | $61.3M | $59.1M | $150.7M | $171.0M |
| YoY Growth | 22.4% | 41.2% | 34.4% | 5.4% | -23.0% | -36.7% | 60.7% | 126.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $312.3M | $290.4M | $315.1M | $311.8M | $326.8M | $334.7M | $787.0M | $733.9M |
| Liabilities | $252.9M | $233.6M | $246.5M | $250.3M | $267.3M | $282.7M | $587.3M | $538.1M |
| Equity | $51.3M | $51.5M | $56.2M | $55.6M | $53.4M | $45.2M | $192.8M | $187.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-3.9M | $9.3M | $14.3M | $-1.3M | $56.0M | $-1.7M | $-47.2M | $-36.1M |