SkyWater Technology, Inc.
Company & revenue
About SkyWater Technology, Inc.
Financial breakdown: year ended 2025-12-28
Who they are
SkyWater Technology, Inc., alongside its subsidiaries, operates within the semiconductor sector, providing both development and fabrication services for microelectronic components. The company collaborates closely with clients, offering extensive engineering and process design support to co-create advanced technologies. Furthermore, it undertakes the manufacturing of various silicon-based devices, including analog and mixed-signal integrated circuits, discrete power components, microelectromechanical systems (MEMS), and radiation-hardened chips.
Brands & revenue mix
Primary corporate brand for semiconductor foundry and technology services.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Disclosed major customersPREMIUM
Customer concentrationPREMIUM
A significant portion of revenue is derived from a small number of key customers as of the fiscal year ended December 29, 2024.
Business relationships & partnershipsPREMIUM
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
55
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
65
Fair
Financial Strength
39
Business Quality / Moat
100
Management
75
Growth Quality
82
Risk / Durability
10
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
78
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
72/100
Building Historical Record
Model Score 72/100 — estimates relative performance potential, distinct from WallStreetScore (company quality).
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
WSS currently rates the company as mixed to moderately strong.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently positive.
- •Valuation scores attractively
- •Elevated debt risk
- •M&A headline · Aug 3, 2026
- •M&A headline · Jul 31, 2026
- •M&A headline · Jul 28, 2026
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for SKYT
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can SKYT maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can SKYT fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is SKYT's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is SKYT's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of SKYT's score?
Essential Investment Snapshot
Wall Street Score
55
Opportunity Score
78
Market Cap
$1.60B
P/E Ratio
13.3
EPS
$2.44
52-Week High
$39.93
52-Week Low
$8.57
Beta
3.27
Intrinsic Value
$93.94
Analyst Target
$35.00
Shares Outstanding
48.7M
Total Revenue
$638.8M
Total Debt
$282.3M
Dividend
No current dividend
Liquidation Value / Share
$3.81
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Notices for SKYT
Detected from reported data — verify before acting.Elevated debt risk
Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
M&A headline · Aug 3, 2026
D-Wave Spikes 11% on Nasdaq Verafin Deal, IonQ Gains 9% After SkyWater Buyout, Rigetti Rises 7% — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
24/7 Wall StreetM&A headline · Jul 31, 2026
FTC approves IonQ acquisition of SkyWater semiconductor foundry — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
ReutersM&A headline · Jul 31, 2026
IonQ Completes Acquisition of SkyWater Technology — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireM&A headline · Jul 28, 2026
IonQ Receives Regulatory Approval to Complete Acquisition of SkyWater Technology — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireM&A headline · Jul 28, 2026
IonQ Receives Regulatory Approval to Complete Acquisition of SkyWater Technology — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireCommunity Sentiment
0 active · 0 total callsNo personal call yet on SKYT.
What the Bulls Say
- +Material partnership/catalyst: SkyWater stockholders approved a merger agreement with IonQ in May 2026, following a strategic partnership in quantum computing.
- +Material partnership/catalyst: Technology and Economic Development Agreement for the operation of the Florida facility.
- +Product opportunity: SkyWater Technology, Inc., alongside its subsidiaries, operates within the semiconductor sector, providing both development and fabrication services for microelectronic components. The company collaborates closely with clients, offering extensive engineering and process design support to co-create advanced technologies. Furthermore, it undertakes the manufacturing of various silicon-based devices, including analog and mixed-signal integrated circuits, discrete power components, microelectromecha.
What the Bears Say
- −Negative free cash flow may increase the need for outside financing and dilution.
Bull and bear cases summarize disclosed catalysts, growth opportunities and risks; they are not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
2 historical score records availablePrevious Score
58
Jul 24, 2026
Change
-3.2
points
Current Score
55
Oct 1, 2026
Category Changes
SKYT decreased 3.2 points because some fundamentals weakened.
Positive Contributors
- + Valuation improved by 14.6 points
Projected Score
Projected Score
55
Projected Change
+0.0%
Preliminary comparable-period financial changes suggest little change. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$32.46
Intrinsic Value
$93.94
Difference
−$61.48
-65.4% vs IV
Margin of Safety
65.4%
Related Companies
SemiconductorsNews
IonQ Investor Day Unveils Superion Roadmap, SkyWater-Powered Growth Strategy
SkyWater Technology and Qolab Announces Midwest Commercial Foundry Partnership for Superconducting Quantum Devices
SkyWater Launches Quantum Solutions Offering to Advance Quantum Technologies from Breakthrough to Industrial Scale
Deutsche Bank AG Makes New Investment in SkyWater Technology, Inc. $SKYT
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