SKYWATER TECHNOLOGY INC (SKYT)
Information Technology · Semiconductor foundry / mature-node manufacturing · NASDAQ
A pure-play U.S. semiconductor foundry focused on secure domestic manufacturing of foundational-node chips for long-lifecycle, mission-critical aerospace, defense, automotive, and industrial applications.
What SKYWATER TECHNOLOGY INC does
SkyWater Technology is a U.S.-based semiconductor foundry specializing in foundational-node (mature technology) wafer fabrication and advanced packaging services. The company operates fabrication facilities in Minnesota, Texas, and Florida, serving customers that require secure domestic manufacturing, long product life cycles, high reliability, and close engineering collaboration. SkyWater integrates production-scale manufacturing with advanced technology development, enabling customers to transition specialized semiconductor technologies from development to volume production. The company supports applications in aerospace and defense, automotive, industrial, medical, and emerging computing where supply chain continuity and long-term availability are critical.
Themes: Domestic semiconductor manufacturing, Foundational-node / mature technology, Supply chain resilience, Aerospace and defense semiconductors, Automotive semiconductors, Industrial and medical device semiconductors, Advanced packaging, Long-lifecycle semiconductor products
Fundamentals
- Price$32.46 as of 2026-08-07 close
- Market cap$1.6B as of 2026-08-07
- 1-year return+152.6% 2025-08-07 close $12.85 → 2026-08-07 close $32.46
- P/E14.02 as of 2026-08-24
- Net margin+21.0% as of 2026-08-24
- Gross margin+19.4% as of 2026-08-24
- ROE+75.2% as of 2026-08-24
- Debt / equity1.32 as of 2026-08-24
- Revenue growth (YoY)+67.2% as of 2026-08-24
- Revenue CAGR (3y)+39.5% SEC XBRL
- Beta-0.46 as of 2026-08-24
- Last reported earnings2026-02-25 SEC EDGAR Form 8-K (Item 2.02)
How SKYT compares in its sector
- price-to-earnings ratiobottom 10% 265 covered Information Technology peers, as of 2026-08-24
- net profit margintop 25% 405 covered Information Technology peers, as of 2026-08-24
- operating margintop 25% 405 covered Information Technology peers, as of 2026-08-24
- gross marginbottom 10% 403 covered Information Technology peers, as of 2026-08-24
- return on equitytop 10% 405 covered Information Technology peers, as of 2026-08-24
- 3-year revenue CAGRtop 10% 386 covered Information Technology peers
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 382 covered Information Technology peers, as of FY2025
Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How SKYWATER TECHNOLOGY INC looks technically
Trend
5
| Distance from the 200-day | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
|---|---|---|
| 50-day moving average | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $27.80 | $27.80 |
| Since the 50/200 cross | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| Trend strength (14-day ADX) | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
Range
12
| 52-week high | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
|---|---|---|
| From the 52-week high | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| Above the 52-week low | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| Below the 52-week high | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| Since a 20-day breakout | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| Since a 55-day breakout | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| All-time high | its highest closing price on record is $39.93 (set on 2026-06-02) | $39.93 |
| Given back of the 52-week move | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| From the all-time high | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| Nearest price level | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
| All-time low | its lowest closing price on record is $4.43 (set on 2022-05-24) | $4.43 |
| Above the all-time low | not current — this company's price series (ends 2026-08-07) is 10 trading sessions behind the rest of the catalog | n/a |
Based on daily closing prices as of 2026-08-07. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (3.00 mean, 1=Strong Buy…5=Strong Sell) — 1 analyst
- Mean price target$35.00 range $35.00 – $35.00
Analyst estimates, as of 2026-08-16. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for SKYT
- Consensus EPS estimate-$0.08 next reporting period, as of 2026-08-16
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Dependence on largest customers and timing/amount of customer funding for purchase commitments; ability to retain and expand customer relationships in a competitive market","Integration risks and increased indebtedness from Fab 25 facility acquisition; ability to operate facilities at full capacity and manage capital expenses","Regulatory, geopolitical, and supply chain uncertainties including changes in trade policies, tariffs, and U.S. government contracting compliance requirements; pending merger with IonQ creates additional integration and execution risk"]
What changed in the latest 10-Q
AI-assisted comparison of SKYT's 10-Q filed 2026-05-08 against the prior one filed 2025-11-12.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-08) adds entire section 'Pending Acquisition of the Company' disclosing January 25, 2026 definitive agreement with IonQ, expected closing in Q2 or Q3 2026, and reference to Note 1 in condensed consolidated financial statements.
- Newer filing references audited consolidated financial statements for fiscal year ended December 28, 2025 (vs. older December 29, 2024).
- Newer filing specifies comparison periods as 'first quarter of 2026 and first quarter of 2025' with 13 weeks each (vs. older 'third quarter of 2025 and third quarter of 2024' with 13 weeks and nine-month periods).
- Removed:
- Older filing (2025-11-12) included reference to nine-month periods ended September 28, 2025 and September 29, 2024 (26 weeks each), which is not present in newer filing.
- Older filing included detailed description of Technology-as-a-Service model, proprietary technology, engineering capabilities, ATS offerings, vertical markets focus (advanced compute, aerospace and defense, automotive, bio-health, industrial), and specific technology examples (infrared imaging, quantum computing, Rad-hard CMOS, integrated photonics, MEMS), which is substantially condensed in newer filing.
- Older filing included statement 'While we previously expected federal funding under the CHIPS Act to be received in 2026 and state incentives to be received in the fourth quarter of 2025, we can no longer predict when such funding will be received as a result of the U.S. government shutdown,' which does not appear in newer filing.
- Older filing's Overview section included explanation of public company status, Defense Microelectronics Activity Category 1A Trusted Accreditation, and discussion of IP security and domestic supply chain advantages, which is absent from newer filing.
- Reworded:
- Newer filing states company 'is a U.S.-based, independent, pure-play semiconductor foundry providing foundational-node manufacturing, advanced technology development, and advanced packaging services through an integrated, multi-site operating model' vs. older 'U.S.-based, independent, pure-play technology foundry that offers advanced semiconductor development and manufacturing services' with different terminology and emphasis.
- Newer filing describes company as operating 'exclusively within the United States' with facilities in Minnesota, Texas, and Florida; older filing characterized operations more by business model and market focus.
- Newer filing states 'Our operations are designed to support customers that require secure, domestic manufacturing, long product life cycles, high reliability, and close engineering collaboration' vs. older emphasis on Technology-as-a-Service model and co-development of process technology IP.
- Older filing references 'Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022 (the "CHIPS Act")' while newer filing uses 'CHIPS and Science Act' terminology.
- Language regarding CHIPS Act funding changed from older statement about previous expectations now being unpredictable due to government shutdown, to newer simpler statement 'We can not predict when and/if such funding will be received based upon Company conversations with U.S. and Minnesota government officials.'
- Notes:
- Older filing text appears truncated at end of CHIPS Act discussion, limiting ability to assess full scope of all removals.
- Comparison involves different fiscal periods (Q1 2026 vs. Q3 2025 with YTD component), which may account for some structural differences beyond substantive changes.
Risk Factors
- Added:
- Added risk factor regarding "risks and uncertainties associated with the proposed Mergers (as defined below) with IonQ (as defined below)" with multiple sub-bullets covering regulatory approvals, integration, synergies, merger agreement termination, tax treatment, litigation, business relationships disruption, employee retention, timing uncertainties, and stock price effects (filed 2026-05-08)
- Added reference to "the timing and amount of funding our customers are able to secure for their purchase commitments" as a separate bullet point (filed 2026-05-08)
- Added phrase "and expand" to the customer base diversification bullet (changed from "our ability to diversify our customer base" to "our ability to diversify and expand our customer base") (filed 2026-05-08)
- Removed:
- Removed "continue" from the fabrication facilities bullet point (changed from "our ability to continue operating our fabrication facilities at full capacity" to "our ability to operate our fabrication facilities at full capacity") (filed 2025-11-12)
- Removed "and operational activity" from the U.S. government program funding bullet (changed from "the level and timing of U.S. government program funding and operational activity" to "the level and timing of U.S. government program funding") (filed 2026-05-08)
- Removed "and" at the end of the intellectual property rights bullet, which previously preceded the final reference section (filed 2025-11-12)
- Reworded:
- Changed capitalization of bullet point from "Our increased indebtedness" to "our increased indebtedness" (filed 2026-05-08)
- Changed reference from "Annual Report on Form 10-K for the fiscal year ended December 29, 2024" to "Annual Report on Form 10-K for the fiscal year ended December 28, 2025" (filed 2026-05-08)
- Changed punctuation in economic conditions bullet from "national, and international" to "national and international" (filed 2026-05-08)
- Notes:
- The newer filing includes substantially new risk disclosure section on IonQ merger that did not exist in older filing
- Page numbering differs between filings (Risk Factors begins page 43 in newer vs. page 54 in older), but this reflects document length changes rather than content changes in the comparable sections
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days.
- Last 180 days0 buys · 3 sells ($7M) — 1 selling insider
Most recent open-market transaction: 2026-05-11. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about SKYT's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
4 institutional 13F filers reported holding SKYT as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 4,441,657
- Reported value $121,745,837
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 2 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
SKYT had 2,300,120 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
SKYT had 4.65% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.79 days to cover at the same settlement.
- Reported short interest (shares) 2,300,120
- Short interest (% of shares outstanding) 4.65%
- Prior settlement (shares) 2,844,040
- Reported change -19.12%
- Days to cover (reported) 2.79
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- GlobalFoundries (GFS)
- Semiconductor Manufacturing International Corporation (SMIC)
- Taiwan Semiconductor Manufacturing Company
- Samsung Foundry
- United Microelectronics Corporation (UMC)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does SKYWATER TECHNOLOGY INC (SKYT) do?
SkyWater Technology is a U.S.-based semiconductor foundry specializing in foundational-node (mature technology) wafer fabrication and advanced packaging services. The company operates fabrication facilities in Minnesota, Texas, and Florida, serving customers that require secure domestic manufacturing, long product life cycles, high reliability, and close engineering collaboration.
What sector is SKYWATER TECHNOLOGY INC (SKYT) in?
SKYWATER TECHNOLOGY INC (SKYT) is classified in the Information Technology sector. Its industry is Semiconductor foundry / mature-node manufacturing. It trades on NASDAQ.
Who are SKYWATER TECHNOLOGY INC's (SKYT) competitors?
Notable peers of SKYWATER TECHNOLOGY INC (SKYT) include GlobalFoundries, Semiconductor Manufacturing International Corporation, Taiwan Semiconductor Manufacturing Company, Samsung Foundry and United Microelectronics Corporation. This peer set is informational only — not financial advice.
Where does stocks-llm's data on SKYT come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-07.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.