Company Overview
SkyWater Technology, Inc., together with its subsidiaries, provides semiconductor manufacturing services in the United States. The company operates through two segments, Legacy SkyWater and SkyWater Texas. The company offers foundry services; advanced technology services (ATS); wafer manufacturing services for analog, mixed-signal, MEMS, and specialty CMOS devices; and advanced semiconductor packaging. The company serves quantum computing, aerospace and defense, automotive, bio-health, and industrial sectors. SkyWater Technology, Inc. was incorporated in 2016 and is headquartered in Bloomington, Minnesota.
Why Investors Should Care
Generates a return on equity of 95.8%, reflecting efficient use of shareholder capital.
Revenue has grown at a 25.8% CAGR over the past five years.
Trades at a P/E of 13.8, below the sector median of 36.0.
Maintains a net profit margin of 21.0%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $442.14M (+29.2% YoY); net profit $118.91M.
- Trailing 12 Months Year-on-year growth — revenue +162.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 25.8%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 25.78% |
| 1 Year: | 162.10% |
Stock Price Performance
| 1 Year: | +227.76% |
| 6 Months: | +9.36% |
| 3 Months: | +11.17% |
| 1 Month: | -9.64% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
SkyWater Technology is a US-based specialty semiconductor foundry serving defence, aerospace and advanced-technology customers — including AI-adjacent and compute programs.
Domestic foundry and advanced-packaging services for analog, mixed-signal, MEMS and specialty CMOS, plus development services.
- US specialty foundry SkyWater offers domestic foundry services valued by defence and advanced-technology customers.
- Advanced packaging Advanced semiconductor packaging supports heterogeneous integration used in compute/AI systems.
- Technology development (ATS) Advanced-technology services co-develop novel processes with customers and government.
- US-based 'trusted foundry' levered to onshoring, defence and advanced packaging.
- Very strong recent revenue growth (~162%) and improving profitability.
- Customer-concentration and program-timing make results lumpy.
- Capex intensity and reliance on key customers are key risks.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 95.8%.
- Excellent profit margin of 21.0%.
- Compounding revenue at 25.8% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SKYT SkyWater Technology, Inc. R2KAI | 32.35 | 13.82 | $1.59B | 0.00% | -0.63% | 95.85% | 25.78% | - |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.80 | 32.43 | $5.13T | 0.49% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPX | 314.86 | 38.07 | $4.62T | 0.37% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 384.93 | 22.91 | $2.86T | 0.93% | 26.90% | 34.01% | 9.48% | 10.85% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 420.39 | 36.18 | $2.18T | 0.90% | 30.20% | 36.21% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXAI | 389.11 | 64.85 | $1.85T | 0.68% | 16.70% | 37.28% | 24.38% | 26.24% |
| 7 | MU Micron Technology, Inc. NDXSPXAI | 983.12 | 46.37 | $1.11T | 0.06% | 13.69% | 39.82% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 548.13 | 181.50 | $893.78B | 0.00% | 6.33% | 8.06% | 13.64% | 48.64% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,775.64 | 59.55 | $684.36B | 0.47% | 42.97% | 52.24% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2020 | Jun 2020 | Sep 2020 | Apr 2021 | Jul 2021 | Oct 2021 | Apr 2022 | Jul 2022 | Oct 2022 | Apr 2023 | Jul 2023 | Oct 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 36.90M | 30.76M | 33.00M | 48.10M | 41.19M | 35.02M | 48.12M | 47.41M | 52.33M | 66.09M | 69.81M | 71.62M | 79.64M | 93.33M | 93.82M | 61.30M | 59.06M | 150.74M | 160.69M |
| Gross Profit | 6.42M | 5.46M | 7.28M | 9.17M | 1.81M | -1.83M | -940.00K | 2.08M | 8.28M | 16.47M | 16.67M | 14.15M | 12.98M | 17.11M | 20.23M | 14.26M | 10.90M | 36.22M | 32.15M |
| Operating Income | -712.00K | -2.96M | 625.00K | -1.42M | -16.00M | -12.04M | -14.91M | -11.08M | -5.08M | -1.09M | -3.55M | -4.19M | -2.20M | 1.40M | 4.71M | -4.02M | -6.48M | 7.85M | -5.28M |
| Net Income | -1.37M | -5.29M | -1.65M | -2.81M | -6.98M | -13.87M | -16.61M | -13.01M | -6.94M | -4.27M | -8.59M | -7.57M | -5.73M | -1.90M | 1.51M | -7.34M | -9.98M | 144.01M | -12.31M |
| Diluted EPS | - | - | - | -1.04 | -200,000.00 | -360,000.00 | -0.42 | -0.32 | -0.17 | -0.10 | -0.19 | -0.16 | -0.12 | -0.04 | 0.03 | -0.15 | -0.21 | 2.95 | -0.25 |
| R&D Expense | 662.00K | 786.00K | 1.09M | 1.93M | 3.34M | 2.25M | 2.28M | 2.36M | 2.58M | 2.67M | 2.40M | 2.23M | 4.01M | 3.38M | 3.43M | 3.25M | 3.37M | 4.37M | 5.00M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Jan 2021 | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | 140.44M | 162.85M | 212.94M | 286.68M | 342.27M | 442.14M |
| Gross Profit | 22.69M | -7.47M | 25.97M | 59.29M | 69.63M | 86.93M |
| Operating Income | -8.64M | -57.10M | -29.77M | -14.79M | 6.56M | -2.58M |
| Net Income | -20.62M | -50.70M | -39.59M | -30.76M | -6.79M | 118.91M |
| Diluted EPS | -1.15 | -1.76 | -0.97 | -0.68 | -0.14 | 2.44 |
| R&D Expense | 4.21M | 8.75M | 9.43M | 10.17M | 15.04M | 14.62M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Jan 2021 | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | - | 263.21M | 263.60M | 305.76M | 316.76M | 311.81M | 733.91M |
| Total Equity | 24.17M | -16.00K | 61.13M | 53.67M | 53.74M | 55.64M | 187.82M |
| Cash & Equivalents | - | 7.44M | 12.92M | 30.02M | 18.38M | 18.84M | 23.22M |
| Long Term Debt | - | 69.83M | 58.43M | 35.18M | 36.10M | 34.70M | 32.94M |
| Total Liabilities | - | 264.79M | 203.67M | 251.79M | 256.06M | 250.28M | 538.10M |
| Current Liabilities | - | 86.33M | 47.77M | 132.17M | 144.20M | 154.33M | 324.02M |
Cash Flows (Annual)
Figures in USD.
| Metric | Jan 2021 | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 96.19M | -55.68M | -14.30M | 10.08M | 18.46M | -28.97M |
| Investing Cash Flow | -88.18M | -29.82M | -17.45M | -10.49M | -11.21M | -113.04M |
| Financing Cash Flow | -5.19M | 90.98M | 48.86M | -11.23M | -6.79M | 146.39M |
| Capital Expenditure | -85.77M | -30.76M | -17.05M | -8.62M | -7.94M | -24.34M |
| Free Cash Flow | 10.43M | -86.44M | -31.35M | 1.46M | 10.52M | -53.30M |
| Share Buybacks | 4.08M | 0 | 0 | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Jan 2021 | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Gross Margin % | 16.2% | -4.6% | 12.2% | 20.7% | 20.3% | 19.7% |
| Operating Margin % | -6.2% | -35.1% | -14.0% | -5.2% | 1.9% | -0.6% |
| Net Margin % | -14.7% | -31.1% | -18.6% | -10.7% | -2.0% | 26.9% |
| ROE % | 128,856.2% | -82.9% | -73.8% | -57.2% | -12.2% | 63.3% |
| ROCE % | -4.9% | -26.5% | -17.1% | -8.6% | 4.2% | -0.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 5.20% | 2.56M | $87.39M |
| 2 | Balyasny Asset Management LP | 4.88% | 2.40M | $82.00M |
| 3 | Vanguard Capital Management LLC | 3.10% | 1.53M | $52.20M |
| 4 | State Street Corporation | 2.99% | 1.47M | $50.35M |
| 5 | American Century Companies Inc | 2.77% | 1.36M | $46.64M |
| 6 | Alliancebernstein L.P. | 2.74% | 1.35M | $46.05M |
| 7 | Alpine Associates Management Inc. | 2.50% | 1.23M | $41.98M |
| 8 | UBS Group AG | 2.41% | 1.19M | $40.59M |
| 9 | Magnetar Financial LLC | 2.39% | 1.18M | $40.18M |
| 10 | AQR Arbitrage LLC | 1.93% | 950.96K | $32.50M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for SKYT
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SKYT — Frequently Asked Questions
What is the current share price of SkyWater Technology, Inc. (SKYT)?
As of 2026-07-14 21:23 PDT, SkyWater Technology, Inc. (SKYT) trades at $32.35 on NasdaqCM. Its 52-week range is $8.78 to $39.91.
What is the market capitalisation of SKYT?
SkyWater Technology, Inc. (SKYT) has a market capitalisation of $1.59B on NasdaqCM.
What is the P/E ratio of SKYT?
SKYT trades at a trailing price-to-earnings (P/E) ratio of 13.82. The industry average P/E is 36.02. Its price-to-book (P/B) ratio is 9.99.
What is the return on equity (ROE) of SKYT?
SKYT has a return on equity (ROE) of 95.85%. Its return on capital employed (ROCE) is -0.63%.
Is SKYT a good stock to buy?
This page provides a data-driven analysis of SkyWater Technology, Inc. (SKYT), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.