Record Q3 Revenues
SkyWater reported record Q3 revenues of nearly $151 million, which exceeded expectations by more than $9 million.
Strong Performance in Quantum Computing
SkyWater reported its strongest-ever quarter for quantum computing-related revenue, with expectations to exceed 30% revenue growth in fiscal 2025.
Successful Acquisition of Fab 25
The acquisition of Fab 25 in Texas contributed nearly $87 million in wafer services revenue for Q3, which was well ahead of expectations.
Four New Quantum Customer Engagements
SkyWater signed four new Quantum customer engagements, including Silicon Quantum Computing (SQC) and QuamCore.
Positive Adjusted EBITDA Performance
Q3 adjusted EBITDA was $25.8 million, significantly exceeding the expected range of $10 million to $12 million.