SkyWater Technology Inc. Reports Strong Third‑Quarter Results and Expands Strategic Partnerships
SkyWater Technology Inc. (NASDAQ: SKYT) announced on November 5, 2025 that it achieved record revenue of $150.7 million for the third quarter, a significant increase from the same period in the prior year. Adjusted earnings per share for the quarter were $0.24, surpassing analyst expectations and marking the company’s first profitable quarter in its history.
Financial Highlights
| Metric | Q3 2025 | Y/Y Change |
|---|---|---|
| Revenue | $150.7 million | + 24 % |
| Adjusted EPS | $0.24 | + $0.41 (vs. $-0.17 forecast) |
The earnings report was accompanied by a forward guidance statement that the company expects at least $600 million in revenue for 2026, driven by growth in its quantum‑technology segment and the expansion of its Fab 25 manufacturing facility.
Strategic Developments
- Texas Acquisition: SkyWater’s acquisition of a semiconductor manufacturing site in Texas has expanded its domestic market share and increased production capacity for custom integrated circuits.
- Partnership with QuamCore: In a collaboration announced on November 6, SkyWater and QuamCore are jointly developing superconducting chips, positioning the company in the emerging high‑performance computing market.
- Quantum Focus: The company’s quantum‑technology division is expected to contribute significantly to the projected 2026 revenue, as noted in the earnings call.
Market Reaction
Following the earnings release, SkyWater shares rose sharply in pre‑market trading, climbing above the 52‑week high of $20.85 and approaching a new peak. As of the close on November 4, the stock traded at $14.71 per share, up from the previous day’s close. Analysts note that the positive earnings surprise, combined with the company’s expanding product portfolio and strategic acquisitions, has increased investor confidence.
Company Profile
SkyWater Technology Inc. is a U.S.‑based provider of custom technology development, volume manufacturing, and packaging services for integrated circuits. The company’s market capitalization is $691.8 million, and it trades on the Nasdaq in U.S. dollars. Its operations span various markets, including cloud infrastructure, automotive, and emerging quantum computing.
The company’s recent performance underscores its growing role in the semiconductor supply chain and its ability to capitalize on new technological frontiers such as superconducting chips and quantum devices.
