SkyWater Technology
U.S. pure-play foundry serving specialty chip development, manufacturing, and packaging.
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Profile
SkyWater Technology provides U.S.-based semiconductor development, wafer manufacturing, and advanced packaging services for customers in aerospace and defense, automotive, biomedical, industrial, and quantum computing markets. Its business spans Bloomington, Kissimmee, and Austin facilities and depends on customer-funded programs, fab utilization, and the pending IonQ acquisition.
SkyWater Technology is a U.S.-owned pure-play semiconductor foundry built from the former Cypress Bloomington fab and expanded through advanced packaging in Kissimmee and high-volume 200 mm manufacturing in Austin. The company sells Advanced Technology Services, Wafer Services, tooling, and related packaging work rather than branded chips, serving aerospace and defense, automotive, biomedical, industrial, and quantum computing customers.
Its operations are entirely U.S.-based, with a Minnesota legacy fab, a Florida packaging site, and a Texas facility acquired from Infineon. SkyWater's operating identity is tied to trusted manufacturing, customer-funded development, regulated-market certifications, and domestic semiconductor supply-chain positioning. The business depends on development program flow, utilization across its fabs, integration of the Austin site, and closing conditions for the pending IonQ acquisition agreement.
Company facts
Key statistics
Year to date +44.7% · Average volume (30d) 723.7K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 8, 2026Q1 FY26 | −$0.08 | −$0.14 | −75.0% | $146.1M | $160.7M | +10.0% | +4.06% |
| Feb 25, 2026Q4 FY25 | −$0.01 | −$0.03 | −200.0% | $160.1M | $171.0M | +6.8% | +7.05% |
| Nov 5, 2025Q3 FY25 | −$0.17 | $0.24 | +239.5% | $135.5M | $150.7M | +11.2% | +27.19% |
| Aug 6, 2025Q2 FY25 | −$0.17 | −$0.11 | +35.3% | $57.5M | $59.1M | +2.8% | +44.87% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $61.3M | $59.1M | $150.7M | $171.0M | $160.7M | $156.4M | |
| Gross profit | $14.3M | $10.9M | $36.2M | $27.0M | $32.2M | $35.2M | |
| Operating income | −$4.0M | −$6.5M | $10.9M | $1.5M | −$5.3M | $2.2M | |
| Net income | −$7.3M | −$10.0M | $144.0M | −$7.8M | −$12.3M | −$6.4M | |
| Diluted EPS | −$0.15 | −$0.21 | $2.95 | −$0.16 | −$0.25 | −$0.13 | |
| Gross margin | 23.3% | 18.5% | 24.0% | 15.8% | 20.0% | 22.5% | |
| Operating margin | -6.6% | -11.0% | 7.3% | 0.9% | -3.3% | 1.4% |
Fiscal years (4-quarter sums)FY21 $162.8M · FY22 $212.9M · FY23 $286.7M · FY24 $342.3M · FY25 $442.1M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $12.6M · Total debt $282.3M · Total assets $722.5M · Shareholders' equity $177.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 49.20M · Float 35.95M · 73.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| CMI Oxbow Partners, LLC | 4.81M | 9.99% | 13G | Nov 13, 2025 |
| Balyasny Asset Management L.P. | 3.12M | 6.35% | 13G | Aug 14, 2026 |
| BlackRock, Inc. | 2.95M | 5.99% | 13F | Aug 7, 2026 |
| State Street Corp | 2.35M | 4.77% | 13F | Aug 7, 2026 |
| Pentwater Capital Management LP | 1.81M | 3.67% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 11, 2026 | Steve Manko | officer: CFO | −75,000 | $35.08 |
| Apr 14, 2026 | Steve Manko | officer: CFO | −84,215 | $30.41 |
| Mar 16, 2026 | Steve Manko | officer: CFO | −162,802 | $27.84 |
| Nov 24, 2025 | Loren A. Unterseher | director, 10 percent owner: | −100,000 | $14.53 |
| Nov 21, 2025 | Loren A. Unterseher | director, 10 percent owner: | −100,000 | $14.13 |
Peers
- GlobalFoundries
Scaled U.S.-anchored specialty foundry competitor
- Tower Semiconductor
Analog specialty foundry peer across 200 mm markets
- United Microelectronics (ADR)
Mature-node foundry rival in specialty fabrication
- TSMC (ADR)
Global pure-play foundry and packaging alternative
- ON Semiconductor
IDM overlap in power, sensing, and wafer fabs
- Amkor Technology
Packaging and test peer for advanced packaging
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SkyWater Technology | $32.46 | 0.00% | $1.60B | 13.5 | — | 2.5 | +162.2% |
| GlobalFoundries | $44.90 | +0.49% | $24.56B | 35.0 | 20.9 | 3.5 | +5.8% |
| Tower Semiconductor | $209.97 | +0.89% | $23.47B | 82.2 | 40.8 | 14.5 | +23.7% |
| United Microelectronics (ADR) | $19.83 | +0.15% | $49.36B | 18.8 | 26.0 | 6.5 | +4.5% |
| TSMC (ADR) | $418.89 | +0.30% | $2.17T | 30.4 | 27.4 | 14.1 | +24.0% |
| ON Semiconductor | $72.80 | +0.29% | $28.27B | 46.5 | 18.6 | 4.6 | +9.2% |
| Amkor Technology | $48.10 | +0.46% | $11.90B | 21.5 | 17.4 | 1.6 | +25.6% |
| Median | 32.7 | 23.4 | 5.5 | +16.4% |