Skywater Technology Inc ( (SKYT) ) has released its Q3 earnings. Here is a breakdown of the information Skywater Technology Inc presented to its investors.
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SkyWater Technology, Inc., a leading U.S.-based semiconductor foundry, specializes in advanced technology services and manufacturing for quantum computing and other emerging technologies. In its latest earnings report, SkyWater Technology announced record-breaking financial results for the third quarter of 2025, driven by robust growth in quantum computing revenues and the successful integration of its newly acquired Texas operations. The company reported a significant increase in total consolidated revenue, reaching $150.7 million, a 60.7% rise compared to the same quarter last year. This growth was bolstered by the acquisition of Fab 25 in Texas, which contributed $86.6 million in wafer services revenue. The company’s gross profit also saw a substantial increase, with a reported $36.2 million, up from $20.2 million in the previous year. SkyWater’s strategic focus on quantum computing has resulted in the signing of four new customers, contributing to a projected 30% growth in ATS revenues from this sector for the fiscal year. Additionally, the company’s operations in Texas have exceeded expectations, contributing positively to both revenue and profitability. Looking ahead, SkyWater Technology remains optimistic about its growth trajectory, with expectations of continued momentum in quantum computing and advanced packaging initiatives. The company anticipates further revenue growth in the coming quarters, supported by its strategic investments and expanding customer base.