SkyWater Technology to Be Acquired by IonQ

SkyWater Technology ( (SKYT) ) has shared an announcement.

On January 25, 2026, SkyWater Technology entered into a definitive agreement to be acquired by quantum computing company IonQ in a cash-and-stock transaction valued at approximately $1.8 billion, offering SkyWater shareholders $35.00 per share, a 38% premium to the 30-day volume-weighted average price as of January 23, 2026. The deal, unanimously approved by both boards and expected to close in the second or third quarter of 2026 pending shareholder and regulatory approvals, will create what the companies describe as the first vertically integrated full‑stack quantum platform, combining IonQ’s quantum computing, networking, security and sensing technologies with SkyWater’s onshore R&D and manufacturing capabilities. The combined entity aims to accelerate IonQ’s roadmap toward fault-tolerant quantum computing, bring forward functional testing of 200,000-qubit processors to 2028, strengthen its positioning as a trusted U.S. government and defense partner with an end-to-end domestic supply chain, and maintain SkyWater as a pure-play foundry and quantum merchant supplier while giving its shareholders a 4.4%–6.7% stake in the merged company.

The most recent analyst rating on (SKYT) stock is a Buy 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 held back primarily by weak profitability, stressed cash flow, and high leverage, despite strong revenue growth. Offsetting positives include bullish technical momentum and a strong earnings call with upbeat guidance and Fab 25 execution; valuation also appears reasonable with a ~11 P/E.

To see Spark’s full report on SKYT stock, click here.

More about SkyWater Technology

SkyWater Technology is the largest exclusively U.S.-based, pure-play semiconductor foundry, providing advanced development and manufacturing services, including Advanced Technology Services, Wafer Services and Advanced Packaging Services, as well as atomic clocks and quantum interconnects. The company serves aerospace and defense and commercial markets as a merchant supplier and will continue operating under the SkyWater name as a wholly owned subsidiary with headquarters in Bloomington, Minnesota and facilities in Minnesota, Florida and Texas designated as Regional Quantum Production Hubs.

Average Trading Volume: 2,134,966

Technical Sentiment Signal: Buy

Current Market Cap: $1.52B

For a thorough assessment of SKYT stock, go to TipRanks’ Stock Analysis page.