The earnings call highlights significant achievements such as meeting revenue targets, completing a transformative acquisition, and expansion in quantum computing and advanced packaging. However, these are tempered by challenges in aerospace and defense funding, near-term gross margin compression due to the acquisition, and tariff-related delays.

Company Guidance

In the second quarter of 2025, SkyWater Technology reported revenues exceeding $59 million, reaching the upper end of their forecast. They achieved favorable results in gross margin, adjusted EBITDA, and non-GAAP EPS, primarily due to strong ATS revenues and effective cost management. The recent acquisition of Infineon's Fab 25 is projected to significantly enhance SkyWater's revenue scale, with anticipated contributions of $75 million to $80 million for Q3, and is expected to double their revenue scale and adjusted EBITDA immediately. The acquisition, completed with a $93 million upfront payment, is supported by a multiyear supply agreement with Infineon valued at over $1 billion. Looking forward, SkyWater expects continued growth driven by quantum computing and advanced packaging, with ATS revenues projected to reach approximately $50 million in Q3, and a significant boost from Florida in Q4. They anticipate Q4 Wafer Services revenue to be in the mid-$80 million range and ATS revenues in the mid-$50 million range, targeting adjusted EBITDA margins of at least 10%. For 2026, SkyWater projects at least $600 million in revenue and $60 million in adjusted EBITDA.

Revenue Achievement

Second quarter revenues came in at the upper end of the outlook at just over $59 million, with upside in gross margin, adjusted EBITDA, and non-GAAP EPS expectations.

Infineon Fab 25 Acquisition

Successfully completed the transformative acquisition of Infineon's Fab 25 in Austin, Texas, fully funded through a new debt facility with no future payments required. The acquisition is expected to double revenue scale and adjusted EBITDA immediately.

Quantum Computing Expansion

Strong momentum in quantum computing applications, with revenue growth in this segment expected to exceed 30% in 2025.

Advanced Packaging Progress

Advanced packaging operations in Florida are progressing ahead of schedule, with significant tool revenue expected in Q4 2025.

Financial Guidance for 2026

Provided guidance for at least $600 million in revenue and at least $60 million in adjusted EBITDA for fiscal year 2026.

SkyWater Technology (SKYT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SKYT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	-0.17 / -	0.08	―	―	―
Aug 06, 2025	2025 (Q2)	-0.18 / -0.11	0.02	-650.00% (-0.13)
May 07, 2025	2025 (Q1)	-0.13 / -0.08	-0.08	0.00% (0.00)
Feb 26, 2025	2024 (Q4)	-0.06 / 0.04	-0.02	300.00% (+0.06)
Nov 07, 2024	2024 (Q3)	-0.02 / 0.08	-0.05	260.00% (+0.13)
Aug 07, 2024	2024 (Q2)	-0.11 / 0.02	-0.14	114.29% (+0.16)
May 08, 2024	2024 (Q1)	-0.05 / -0.08	-0.06	-33.33% (-0.02)
Feb 26, 2024	2023 (Q4)	-0.12 / -0.02	-0.03	33.33% (<+0.01)
Nov 08, 2023	2023 (Q3)	-0.16 / -0.05	-0.13	61.54% (+0.08)
Aug 07, 2023	2023 (Q2)	-0.13 / -0.14	-0.27	48.15% (+0.13)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SKYT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$8.87	$12.85	+44.87%
May 07, 2025	$7.25	$7.61	+4.97%
Feb 26, 2025	$8.84	$10.19	+15.27%
Nov 07, 2024	$10.43	$8.99	-13.81%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does SkyWater Technology (SKYT) report earnings?

SkyWater Technology (SKYT) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is SkyWater Technology (SKYT) earnings time?

SkyWater Technology (SKYT) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SKYT EPS forecast?

SKYT EPS forecast for the fiscal quarter 2025 (Q3) is -0.17.

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