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SkyWater Technology (SKYT)
NASDAQ:SKYT
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.18Last Year’s EPS
0.02Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 24.55%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view, with significant achievements such as surpassing financial guidance, successful platform launches, and strategic acquisitions. However, these are tempered by challenges due to government budget delays and tariff uncertainties. While long-term prospects remain strong, short-term challenges are notable.Company Guidance
During SkyWater Technology's Q1 2025 earnings call, the company provided guidance that its fiscal year outlook remains largely unchanged, with a forecasted 5% revenue growth plus or minus 2% for its combined ATS and Wafer Services business. Q1 revenue came in at $61.3 million, slightly above the midpoint of guidance, with gross margin at 24.2% and adjusted EBITDA surpassing forecasts at over $4 million. The company anticipates Q2 revenues between $55 million and $60 million, with ATS revenues projected at $49 million to $53 million and Wafer Services at $5 million to $6 million. SkyWater expects a strong second half of 2025, driven by increased funding for ATS programs and the ongoing ramp of its advanced packaging business, aiming for positive non-GAAP EPS and adjusted EBITDA of at least 10% of total revenues for the year. The acquisition of Infineon's Fab 25 is expected to close mid-year, providing immediate revenue and positive cash flow, further diversifying SkyWater's business.Exceeded Guidance in Key Financial Metrics
Revenues for Q1 were closely aligned with the outlook and just above the midpoint of the guidance range. Gross margin and non-GAAP EPS exceeded guidance, with adjusted EBITDA over $4 million.
Successful Launch of ThermaView Platform
The ThermaView platform, focused on advanced thermal imaging, drove over half of Q1's Wafer Services revenue, marking a significant strategic milestone for the company.
Strategic Acquisition of Fab 25
SkyWater is expanding its 200-millimeter foundry capacity in the U.S. through the acquisition of Infineon's Fab 25, expected to provide immediate revenue and positive cash flow.
Quantum Computing Advancements
Significant progress in quantum computing with partner D-Wave's announcement of quantum supremacy, positioning SkyWater as a key player in the quantum technology landscape.
Positive Cash Flow and Strong Financial Position
Ended the quarter with $51 million in cash, an increase of $32 million from year-end, with customer-funded capital expenditures and debt reduction.
SKYT Earnings History
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 |
|---|---|---|---|
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% |
Aug 07, 2024 | $5.72 | $8.44 | +47.55% |
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 Aug 12, 2025, TBA Not Confirmed.
What is SkyWater Technology (SKYT) earnings time?
SkyWater Technology (SKYT) earnings time is at Aug 12, 2025, TBA Not 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 (Q2) is -0.18.