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SkyWater Technology ( (SKYT) ) has issued an update.
On January 25, 2026, SkyWater Technology agreed to be acquired by IonQ through a two-step merger structure that will leave SkyWater as a wholly owned subsidiary of IonQ. The deal remains subject to customary closing conditions, including antitrust clearance under the Hart-Scott-Rodino Act and other regulatory reviews that could affect timing.
On April 24, 2026, the U.S. Federal Trade Commission issued a Second Request for additional information to both companies, extending the HSR waiting period until 30 days after substantial compliance. SkyWater and IonQ plan to respond promptly and continue cooperating with regulators, and still anticipate closing the transaction in the second or third quarter of 2026, pending regulatory approval and satisfaction or waiver of remaining conditions.
The most recent analyst rating on (SKYT) stock is a Hold with a $35.00 price target. To see the full list of analyst forecasts on SkyWater Technology stock, see the SKYT Stock Forecast page.
Spark’s Take on SKYT Stock
According to Spark, TipRanks’ AI Analyst, SKYT is a Neutral.
The score is primarily driven by mixed fundamentals: strong revenue growth and a sharply improved balance sheet are offset by volatile operating results and weak, inconsistent cash generation. Technical indicators are currently soft, while valuation appears attractive on a low P/E and corporate events are supportive due to the pending IonQ acquisition.
To see Spark’s full report on SKYT stock, click here.
More about SkyWater Technology
SkyWater Technology is a U.S.-based semiconductor company that operates as a foundry, manufacturing integrated circuits and related technologies for commercial and government customers. The company focuses on specialized process technologies and serves markets that require trusted, domestic chip production capabilities across various advanced applications.
Average Trading Volume: 1,639,316
Technical Sentiment Signal: Buy
Current Market Cap: $1.64B
See more data about SKYT stock on TipRanks’ Stock Analysis page.