SkyWater Technology

Skywater Technology, Inc. is a holding company, which engages in the provision of semiconductor development, manufacturing services, and packaging services. The company was founded on October 3, 2016 and is headquartered in Bloomington, MN.

Earnings data Q1 2021

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SkyWater Technology achieves record Q4 revenues and eyes 25% annual growth

SkyWater Technology reported a strong finish to 2022 with record revenues and expects continued growth in 2023 driven by established programs and strategic partnerships. The company's focus on efficiency gains, automation, and modernization supports positive EBITDA growth and balance sheet strengthening.

SkyWater Technology posts record revenue and aims for strong growth

SkyWater Technology reports strong Q1 2023 earnings with record revenue and exceeding gross margin performance. The company's strategic positioning, focus on efficiency gains, and optimism towards CHIPS funding highlight growth potential. Challenges include balancing demand across segments and addressing weaknesses in consumer-side demand.

SkyWater Technology (SKYT) achieves record revenues and targets strong growth

SkyWater Technology (SKYT) delivered robust financial performance in Q2 2023, driven by record revenues and strong gross margins. Despite supply chain challenges, the company remains focused on innovation, efficiency gains, and capturing growth opportunities. With a strategic focus on key markets and technology-as-a-service model, SkyWater is well-positioned for long-term growth and profitability.

SkyWater Technology reports record Q3 revenues, eyes growth opportunities

SkyWater Technology's Q3 performance reflects strong revenue growth and operational improvements. The company's focus on technological advancements and strategic partnerships positions it well for future growth. Challenges include maintaining revenue stream balance and ensuring transformation investments yield desired outcomes.

SkyWater Technology reports record Q4 revenues and aims for profitability in 2024

SkyWater Technology's Q4 performance showed revenue growth and a focus on profitability. While facing challenges in the Wafer Services segment, the company is leveraging strengths in aerospace, defense, and bio health applications for future growth. Opportunities lie in ATS development revenue growth and business transformation.

SkyWater Technology reports record revenue, eyes margin expansion ahead

SkyWater Technology (SKYT) had a strong quarter with record revenue, but faced challenges with profitability due to additional costs. Despite this, the company's unique value proposition and focus on innovation present opportunities for growth and margin expansion.

SkyWater Technology (SKYT) reports record revenue and positive EPS, eyes growth

SkyWater Technology (SKYT) delivered a strong performance in Q2 2024, achieving record revenue and positive EPS. The company's strengths lie in securing funding, stable revenue expectations, and forecasted growth. Challenges include meeting profitability targets, while opportunities exist in advancing programs and meeting customer demand.

SkyWater Technology reports record Q3 earnings and eyes strong 2025 growth

SkyWater Technology's Q3 2024 performance reflects robust revenue and margin growth, with strategic agreements and project selections enhancing its market position. While challenges in scaling the advanced packaging business exist, the company is poised for significant revenue growth in 2025, particularly in A&D and advanced packaging.

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Skywater Technology, Inc. is a holding company. It engages in the provision of semiconductor development, manufacturing services, and packaging services. The company was founded on October 3, 2016 and is headquartered in Bloomington, MN.

Investors were pleased with the company's latest financial results.

Why SkyWater Stock Is Soaring Today

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that management is scheduled to participate in the following upcoming investor conferences in Q3: 3rd Annual Needham Virtual Semiconductor and SemiCap 1x1 Conference August 24, 2022 Jefferies Semiconductor, IT Hardware & Communications Infrastructure Summit Chicago, IL August 30 – 31, 2022 The presentation material utilized during each investor conference will

SkyWater Technology Announces Participation in Upcoming Investor Conferences

SkyWater Technology, Inc. (NASDAQ:SKYT ) Q2 2022 Results Conference Call August 15, 2022 4:30 PM ET Company Participants Claire McAdams - Investor Relations Thomas Sonderman - President and Chief Executive Officer Steve Manko - Chief Financial Officer Conference Call Participants Raji Gill - Needham & Company Harsh Kumar - Piper Sandler Krish Sankar - Cowen and Company Natalia Winkler - Jefferies Operator Ladies and gentlemen good afternoon. My name is Addie and I will be your conference operator today.

SkyWater Technology, Inc. (SKYT) CEO Thomas Sonderman on Q2 2022 Results - Earnings Call Transcript

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the second quarter of 2022, ended July 3, 2022. Total revenue of $47.4 million, up 15% year over year. Net loss to shareholders of $13.0 million, or (27)% of revenue. Adjusted EBITDA of $(1.6) million, or (3.4)% of revenue. “We are pleased to report second-quarter 2022 revenues of over $47 million and increasing momentum toward our margin exp

SkyWater Technology Reports Second Quarter 2022 Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced its membership in the American Semiconductor Innovation Coalition (ASIC) which represents more than 100 businesses, startups, universities, national labs and nonprofits. ASIC is dedicated to providing solutions from lab to fab for the National Semiconductor Technology Center (NSTC) and the National Advanced Packaging Manufacturing Program (NAPMP) that are targetin

SkyWater Joins the American Semiconductor Innovation Coalition, Serves on Governance Team to Support Domestic Needs for Manufacturing R&D

KISSIMMEE, Fla.--(BUSINESS WIRE)---- $SKYT #CHIPSAct--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today thanked Congress for passing the CHIPS and Science Act of 2022. The landmark legislation puts the U.S. on more equal footing with Europe and Asia in rebuilding a deteriorating domestic manufacturing environment that saw America's global share of semiconductor production drop from over 30% to less than 12%. “The bold, historic votes taken in the Senate and House by Representati

SkyWater President and CEO Thomas Sonderman Congratulates Florida Members of Congress

BLOOMINGTON, Minn.--(BUSINESS WIRE)---- $SKYT #CHIPSAct--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today thanked Congress for passing the CHIPS and Science Act of 2022. The landmark legislation puts the U.S. on more equal footing with Europe and Asia in rebuilding a deteriorating domestic manufacturing environment that saw America's global share of semiconductor production drop from over 30% to less than 12%. “The bold, historic votes taken in the Senate and House by Senators

SkyWater President and CEO Thomas Sonderman Congratulates Minnesota Members of Congress

WEST LAFAYETTE, Ind.--(BUSINESS WIRE)---- $SKYT #CHIPSAct--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today thanked Congress for passing the CHIPS and Science Act of 2022. The landmark legislation puts the U.S. on more equal footing with Europe and Asia in rebuilding a deteriorating domestic manufacturing environment that saw America's global share of semiconductor production drop from over 30% to less than 12%. “The bold, historic votes taken in the Senate and House by Senator

SkyWater President and CEO Thomas Sonderman Congratulates Indiana Members of Congress

Alphabet

U.S. chip manufacturer SkyWater Technology Inc and Alphabet Inc's Google Public Sector announced on Thursday they are expanding an open source platform to design chips that can be made in SkyWater's Minnesota facility.

Google and U.S. chip maker SkyWater expand open source chip design platform

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it is receiving $15 million in funding from the Department of Defense (DOD) to facilitate open source design for its 90 nm process offering, part of the previously announced $27 million investment. To enable this initiative, SkyWater has partnered with Google, through Google Public Sector and company-wide engineering teams, to build on its commitment to open sourc

SkyWater Receives Funding from DOD, Partners with Google to Facilitate Open Source Design for its new 90 nm Technology Offering

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report second quarter fiscal 2022 financial results for the period ended July 3, 2022 following the close of the market on Monday, August 15, 2022. The same afternoon, management will host a webcast to discuss its business and financial results. SkyWater Technology Second Quarter Fiscal 2022 Earnings Webcast When: Monday, August 15, 2022 Time: 3

SkyWater Technology to Announce Second Quarter 2022 Financial Results on August 15th

BLOOMINGTON, Minn. & WEST LAFAYETTE, Ind.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced its plans to build a $1.8 billion U.S. semiconductor R&D and production facility in Indiana through a dynamic public-private partnership with the state and Purdue University to pursue CHIPS (Creating Helpful Incentives to Produce Semiconductors) for America Act funding. The Indiana facility, to be located on the Purdue campus in the Disc

SkyWater Plans to Build Advanced $1.8B Semiconductor Manufacturing Facility in Partnership with the State of Indiana and Purdue University

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the Department of Defense (DOD) is funding a $27 million Other Transactional (OT) Agreement Option to further develop intellectual property (IP) for its 90 nm Strategic Rad-Hard by Process (RH90) FDSOI technology platform. This is the latest agreement between SkyWater and the DOD to ensure a reliable and trusted source of U.S.-made chips for use in strategic defen

U.S. Department of Defense Awards SkyWater a $27M Option to Facilitate American-Made Semiconductors Critical to National Security and Domestic Supply Chains

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced management's participation in the 14th Annual CEO Summit investor conference, being held July 13, 2022 at the St. Regis Hotel, San Francisco, CA. The presentation material utilized during the CEO Summit will be made accessible on the company's investor relations website. About the 14th Annual CEO Summit The CEO Summit is collectively hosted and funded by participa

SkyWater Technology Announces Participation in 14th Annual CEO Summit

BLOOMINGTON, Minn. & SEATTLE--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced a new component of its RH90 IP ecosystem to enable 90 nm strategic rad-hard by process solutions for microelectronic devices used in harsh environments. Mobile Semiconductor will provide two static random-access memory (SRAM) compilers for SkyWater customers developing products on its maturing RH90 platform. This is the latest step in SkyWater's RH90 tec

SkyWater Announces Availability of SRAM Memory Compiler for 90 nm Strategic Rad Hard by Process Offering

American Superconductor

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SkyWater Technology went public in April 2021, raising around $97 million in a U.S. IPO. The firm provides a range of semiconductor solutions for U.S. specialty markets.

SkyWater Technology Pursues Growth Amid Inflationary Drag

Xperi

KISSIMMEE, Fla. & SAN JOSE, Calif.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, and Adeia, the newly launched brand for the IP licensing business of Xperi Holding Corporation (NASDAQ: XPER) (“Xperi”), today announced that SkyWater signed a technology licensing agreement with Xperi Corporation. SkyWater and its customers will now have access to Adeia's ZiBond® direct bonding and DBI® hybrid bonding technology and IP to enhance next generation

SkyWater Enters License Agreement with Xperi for Hybrid Bonding Technology

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that company management is scheduled to participate in these upcoming investor conferences in Q2: Oppenheimer 7th Annual Emerging Growth Conference Virtual; 1x1 meetings being held Tuesday, May 10, 2022 Cowen 50th Annual Technology, Media & Telecom Conference New York, NY Conference dates: June 1-2, 2022 SKYT schedule: 1x1s only Investor presentation material

SkyWater Announces Upcoming Investor Events

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that Thomas Sonderman, the company's president and CEO, will be a keynote speaker at the first U.S. International Semiconductor Executive Summit. The US ISES provides a unique platform for leaders to strategize future industry opportunities. The theme of the Summit is “Strengthening the U.S. Semiconductor Ecosystem” and offers collaboration and networking for semi

SkyWater CEO Thomas Sonderman Is Keynote Speaker at First U.S. International Semiconductor Executive Summit

SkyWater Technology, Inc. (NASDAQ:SKYT ) Q1 2022 Earnings Conference Call May 3, 2022 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - President and CEO Steve Manko - CFO Conference Call Participants Raji Gill - Needham & Company Mark Lipacis - Jefferies Krish Sankar - Cowen Richard Shannon - Craig-Hallum Operator Good morning. My name is Chris and I'll be your conference operator today.

SkyWater Technology, Inc. (SKYT) CEO Thomas Sonderman on Q1 2022 Results - Earnings Call Transcript

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter of 2022, ended April 3, 2022. Total revenue of $48.1 million, up 25% sequentially and flat year-over-year. Net loss to shareholders of $16.6 million, or (35)% of revenue. Adjusted EBITDA of $(4.8) million, or (10.0)% of revenue. “The first quarter of 2022 was an important period of progress toward our long-term objectives fo

SkyWater Technology Reports First Quarter 2022 Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)---- $SKYT #madeintheusa--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report first quarter fiscal 2022 financial results for the period ended April 3, 2022 following the close of the market on Tuesday, May 3, 2022. The same afternoon, management will host a webcast to discuss its business and financial results. SkyWater Technology First Quarter Fiscal 2022 Earnings Webcast When: Tuesday, May 3, 2022 Time: 3:30 p.m

SkyWater Technology to Webcast First Quarter Fiscal 2022 Financial Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that its Florida facility has achieved ISO 9001: 2015 Quality Management System certification to support domestic heterogenous integration solutions. In January 2021, SkyWater took over operation of the Center for Neovation, a state-of-the-art 200 mm semiconductor manufacturing facility in NeoCity, Osceola County to address emerging commercial and government agenc

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