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SkyWater Technology (SKYT)
NASDAQ:SKYT
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 03, 2021
|% Change Since: -7.00%
|Next Earnings Date:May 18, 2021
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with a record revenue performance, strong gross margin results, and strategic partnerships indicating future growth. Despite temporary challenges in ATS revenue and slightly lower tool revenue guidance, the overall outlook remains optimistic.Company Guidance
During the SkyWater Technology Q3 2024 earnings call, the company reported record revenue of $94 million, with $63 million from combined ATS and Wafer Services, and a record $31 million from tools revenue. The company achieved a 22% gross margin, surpassing expectations, primarily due to improved operational efficiencies and a significant cost accrual recovery. Looking forward, SkyWater anticipates Q4 revenue between $72 million and $76 million, with tools revenue expected around $11 million and combined ATS and Wafer Services revenue projected at $63 million, plus or minus $2 million. The company is optimistic about 2025, citing a robust pipeline of aerospace and defense demand and commercial program momentum, with an expected tools revenue of $40 million to $50 million. Overall, SkyWater projects continued revenue growth and gross margin expansion, driven by customer co-investment and advancements in its ATS and Wafer Services segments.Record Revenue Achieved
SkyWater reported a record quarterly revenue of $94 million, marking the ninth consecutive quarter of sequential growth. Tools revenue hit an all-time high at $31 million.
Strong Gross Margin Performance
The company delivered a 22% gross margin, exceeding expectations due to improved operational efficiencies and cost management.
Positive Developments and Partnerships
SkyWater announced a multiyear supply agreement with NanoDx and highlighted its role in the Microelectronics Commons Initiative, both contributing to future growth.
Optimistic Outlook for 2025
SkyWater expects continued expansion in both ATS and Wafer Services, with significant co-investment driving growth. The company projects total customer co-investment of approximately $200 million between 2024 and 2026.
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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
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SKYT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $10.43 | $8.99 | -13.81% |
| Aug 07, 2024 | $5.72 | $8.44 | +47.55% |
| May 08, 2024 | $10.48 | $9.87 | -5.82% |
| Feb 26, 2024 | $11.06 | $10.82 | -2.17% |
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.
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FAQ
When does SkyWater Technology (SKYT) report earnings?
SkyWater Technology (SKYT) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is SkyWater Technology (SKYT) earnings time?
SkyWater Technology (SKYT) earnings time is at Feb 25, 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 2024 (Q4) is -0.06.
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