SkyWater Technology

Skywater Technology, Inc. is a holding company, which engages in the provision of semiconductor development, manufacturing services, and packaging services. The company was founded on October 3, 2016 and is headquartered in Bloomington, MN.

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SkyWater Technology achieves record Q4 revenues and eyes 25% annual growth

SkyWater Technology reported a strong finish to 2022 with record revenues and expects continued growth in 2023 driven by established programs and strategic partnerships. The company's focus on efficiency gains, automation, and modernization supports positive EBITDA growth and balance sheet strengthening.

SkyWater Technology posts record revenue and aims for strong growth

SkyWater Technology reports strong Q1 2023 earnings with record revenue and exceeding gross margin performance. The company's strategic positioning, focus on efficiency gains, and optimism towards CHIPS funding highlight growth potential. Challenges include balancing demand across segments and addressing weaknesses in consumer-side demand.

SkyWater Technology (SKYT) achieves record revenues and targets strong growth

SkyWater Technology (SKYT) delivered robust financial performance in Q2 2023, driven by record revenues and strong gross margins. Despite supply chain challenges, the company remains focused on innovation, efficiency gains, and capturing growth opportunities. With a strategic focus on key markets and technology-as-a-service model, SkyWater is well-positioned for long-term growth and profitability.

SkyWater Technology reports record Q3 revenues, eyes growth opportunities

SkyWater Technology's Q3 performance reflects strong revenue growth and operational improvements. The company's focus on technological advancements and strategic partnerships positions it well for future growth. Challenges include maintaining revenue stream balance and ensuring transformation investments yield desired outcomes.

SkyWater Technology reports record Q4 revenues and aims for profitability in 2024

SkyWater Technology's Q4 performance showed revenue growth and a focus on profitability. While facing challenges in the Wafer Services segment, the company is leveraging strengths in aerospace, defense, and bio health applications for future growth. Opportunities lie in ATS development revenue growth and business transformation.

SkyWater Technology reports record revenue, eyes margin expansion ahead

SkyWater Technology (SKYT) had a strong quarter with record revenue, but faced challenges with profitability due to additional costs. Despite this, the company's unique value proposition and focus on innovation present opportunities for growth and margin expansion.

SkyWater Technology (SKYT) reports record revenue and positive EPS, eyes growth

SkyWater Technology (SKYT) delivered a strong performance in Q2 2024, achieving record revenue and positive EPS. The company's strengths lie in securing funding, stable revenue expectations, and forecasted growth. Challenges include meeting profitability targets, while opportunities exist in advancing programs and meeting customer demand.

SkyWater Technology reports record Q3 earnings and eyes strong 2025 growth

SkyWater Technology's Q3 2024 performance reflects robust revenue and margin growth, with strategic agreements and project selections enhancing its market position. While challenges in scaling the advanced packaging business exist, the company is poised for significant revenue growth in 2025, particularly in A&D and advanced packaging.

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Skywater Technology, Inc. is a holding company. It engages in the provision of semiconductor development, manufacturing services, and packaging services. The company was founded on October 3, 2016 and is headquartered in Bloomington, MN.

SkyWater Technology, Inc. (NASDAQ:SKYT ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - CEO Steve Manko - CFO Conference Call Participants Harsh Kumar - Piper Sandler Shadi Mitwalli - Needham and Company Richard Shannon - Craig Hallum Ezra Weener - Jefferies Operator Good afternoon. My names is Rodger, and I will be your conference operator today.

SkyWater Technology, Inc. (SKYT) Q2 2024 Earnings Call Transcript

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the second quarter 2024 ended June 30, 2024. Financial Highlights for Q2 2024: Revenue increased 34% year-over-year to a record $93.3 million. Gross margin decreased to 18.3% on a GAAP basis, compared to 23.9% in Q2 2023, and decreased to 18.9% on a non-GAAP basis, compared to 25.3% in Q2 2023. Net loss to shareholders of $1.9 million,.

SkyWater Technology Reports Second Quarter 2024 Results

BLOOMINGTON, Minn. & SANTA CLARA, Calif.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT) announced today that it has received from Multibeam Corp., a first-of-a-kind Multicolumn E-Beam Lithography (MEBL) system for volume production. The Multibeam (MB) platform is a landmark for the semiconductor industry, offering a high-throughput direct write patterning system that is orders of magnitude faster and more productive than conventional e-beam tools. The MB system will be available to SkyWat.

SkyWater Announces Enhanced Capabilities with Multibeam's First in Industry High Productivity Multicolumn E-Beam Lithography System

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, is pleased to announce the selection of 10 recipients by Scholarship America to receive $10,000 each through the second annual SkyWater Foundation Scholarship Program. While the application process welcomed students from all fields, an emphasis in STEM (science, technology, engineering, and mathematics) was encouraged. Currently, there exists a gap in the talent required for the.

SkyWater Foundation Grants $100,000 in Scholarships to Support Students Pursuing Higher Education and Technical Skills for Success in U.S. Workforce

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it will report its fiscal second quarter 2024 financial results following the close of the market on Wednesday, August 7, 2024. The same afternoon, management will host a webcast to discuss its business and financial results. SkyWater Technology Fiscal Second Quarter 2024 Earnings Webcast When: Wednesday, August 7, 2024 Time: 3:30 p.m. CDT (4:30 p.m. EDT) Liv.

SkyWater Technology to Announce Second Quarter Financial Results on August 7, 2024

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced management's participation in the 16th Annual CEO Investor Summit, being held Wednesday, July 10th at the St. Regis San Francisco. The investor presentation material utilized during the CEO Summit will be made available on the company's investor relations website at ir.skywatertechnology.com. About the 16th Annual CEO Investor Summit 2024 The CEO Investor Summit i.

SkyWater Announces Participation in 16th Annual CEO Investor Summit

Shares of SkyWater Technology fell, seemingly on an earnings miss, but there's more to the story. The company is making progress in advancing its chip manufacturing business.

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KISSIMMEE, Florida--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that its advanced packaging operation in Florida has been accredited as a Category 1A Trusted Supplier by the Defense Microelectronics Activity (DMEA) of the U.S. Department of Defense (DOD). This prestigious designation furthers SkyWater's dedication to delivering trusted and secure microelectronics manufacturing for critical defense applications. The facility Sk.

SkyWater Florida Achieves DMEA Category 1A Trusted Supplier Accreditation

SkyWater Technology, Inc. (NASDAQ:SKYT ) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - President & CEO Steve Manko - CFO Conference Call Participants Nicolas Doyle - Needham & Company Krish Sankar - TD Cowen Robert Aguanno - Piper Sandler Operator Thank you for standing by. My name is Greg, and I will be your conference operator today.

SkyWater Technology, Inc. (SKYT) Q1 2024 Earnings Call Transcript

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2024 ended March 31, 2024. Financial Highlights for Q1 2024: Revenue increased 20% year-over-year to a record $79.6 million. Gross margin decreased to 16.3% on a GAAP basis, compared to 24.9% in Q1 2023, and decreased to 16.9% on a non-GAAP basis, compared to 25.7% in Q1 2023. Net loss to shareholders of $5.7 million,.

SkyWater Technology Reports First Quarter 2024 Results

BLOOMINGTON, Minn. & REDMOND, Wash.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, and Lumotive, a pioneer in optical semiconductor technology for 3D sensing, announced today that the companies have collaborated on the production implementation of Lumotive's groundbreaking solid-state optical beamforming technology in SkyWater's manufacturing environment. Fully qualified and released for volume production utilizing SkyWater's unique Technology.

SkyWater and Lumotive Announce Qualification and Production Start for World's First Commercially Available Optical Beamforming Chip

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The last time I wrote about SkyWater Technology, I described them as a pure-play semiconductor foundry that was great at taking on small projects that required customized processing steps, the type of work that the big silicon chip foundries won't consider because they would be too disruptive to their operations. I recently had an opportunity to speak with the company's CEO, Thomas Sonderman, along with Tim Olson, the founder and CEO of Deca Technologies, a SkyWater partner.

SkyWater Technology Is Lowering Barriers To Advanced Chip Packaging

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report its fiscal first quarter 2024 financial results following the close of the market on Wednesday, May 8, 2024. The same afternoon, management will host a webcast to discuss its business and financial results. SkyWater Technology Fiscal First Quarter 2024 Earnings Webcast When: Wednesday, May 8, 2024 Time: 3:30 p.m. CDT (4:30 p.m. EDT) Live.

SkyWater Technology to Announce First Quarter Financial Results on May 8th, 2024

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SkyWater Technology stock has rallied in the last six months, even as parts of the semiconductor industry have declined. Some of the company's customers are ramping up R&D, indicating that a new wave of growth could be coming.

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Based in the U.S., SkyWater Technologies will benefit from government initiatives aiming to boost domestic semiconductor manufacturing.

News for SkyWater Technology Stock (SKYT)