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
$61.3M
Gross Profit
$14.3M
Operating Profit
$-4.0M
Net Profit
$-7.3M
Gross Margin
23.3%
Operating Margin
-6.6%
Net Margin
-12.0%
YoY Growth
-23.0%
EPS
$-0.15
SkyWater Technology, Inc Q1 FY2025 Financial Summary
SkyWater Technology, Inc reported revenue of $61.3M (down 23.0% YoY) for Q1 FY2025, with a net profit of $-7.3M (down 28.2% YoY) (-12.0% margin). Cost of goods sold was $47.0M, operating expenses totaled $18.3M.
Key Financial Metrics
| Total Revenue | $61.3M |
|---|---|
| Net Profit | $-7.3M |
| Gross Margin | 23.3% |
| Operating Margin | -6.6% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
SkyWater Technology, Inc Q1 FY2025 revenue of $61.3M breaks down across 5 segments, led by Advanced Technology Services Time And Materials And Cost Plus Fixed Fee Contracts at $37.1M (60.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Advanced Technology Services Time And Materials And Cost Plus Fixed Fee Contracts | $37.1M | 60.5% |
| Advanced Technology Services Fixed Price | $14.3M | 23.3% |
| Wafer Services | $7.5M | 12.3% |
| Other | $1.2M | 2.0% |
| Advanced Technology Services Other | $1.2M | 1.9% |
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 Cost Plus Fixed Fee Contracts and Advanced Technology Services Fixed Price) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Advanced Technology Services Time And Materials And Cost Plus Fixed Fee Contracts | $140.9M | $35.8M | $36.6M | $37.1M |
| Advanced Technology Services Fixed Price | — | $18.4M | $15.3M | $14.3M |
| Wafer Services | — | — | — | $7.5M |
| Other | — | $3.7M | — | $1.2M |
| Advanced Technology Services Other | — | — | — | $1.2M |
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 |