SKYWATER TECHNOLOGY INC (SKYT)
Information Technology · specialized semiconductor foundry · NASDAQ
SkyWater Technology is a specialized U.S.-based semiconductor foundry that enables the development and manufacturing of next-generation technology from research to high-volume production.
What SKYWATER TECHNOLOGY INC does
SkyWater Technology is a U.S.-based semiconductor foundry that specializes in technology development and manufacturing services. The company focuses on bridging the gap between early-stage research and high-volume production, providing custom foundry services for advanced and specialized technology applications.
Themes: US semiconductor manufacturing, defense technology, quantum computing hardware, advanced packaging, MEMS technology
Fundamentals
- Price$32.46 last close before the listing ended, 2026-08-07
- Market cap$1.6B as of 2026-07-30 (share count; price 2026-08-07)
- 1-year return+152.6% 2025-08-07 close $12.85 → 2026-08-07 close $32.46
- P/E13.91 as of 2026-08-07
- Net margin+26.9% FY2025, SEC XBRL
- Gross margin+19.7% FY2025, SEC XBRL
- ROE+60.7% FY2025, SEC XBRL
- Debt / equity1.32 as of 2026-09-02
- Revenue growth (YoY)+67.2% as of 2026-09-02
- Revenue CAGR (3y)+39.5% SEC XBRL
- Beta2.29 as of 2026-09-02
- Last reported earnings2026-02-25 most recent in our data — SEC EDGAR Form 8-K (Item 2.02); no newer announcement filed
This listing has ended. The figures below are the last on record, from 2026-08-07, not a current quote.
How SKYT compares in its sector
- price-to-earnings ratiobottom 10% 253 covered Information Technology peers, as of 2026-08-07
- net profit margintop 10% 380 covered Information Technology peers, as of 2026-09-02
- operating marginmiddle range 375 covered Information Technology peers, as of 2026-09-02
- gross marginbottom 25% 311 covered Information Technology peers, as of 2026-09-02
- return on equitytop 10% 370 covered Information Technology peers, as of 2026-09-02
- 3-year revenue CAGRtop 10% 385 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.
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)
["Significant dependence on a concentrated customer base and government program funding.","Operational risks and debt burden associated with integrating and managing the Fab 25 facility.","Execution risks regarding the planned merger with IonQ, including potential business disruption and failure to realize anticipated synergies."]
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.
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, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 180 days · read to 2026-10-040 buys · 2 sells ($5M) — 1 selling insider
Most recent open-market transaction: 2026-05-11. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
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.
Ask about SKYT's institutional holders → See what each manager we track holds →
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)
- Tower Semiconductor (TSEM)
- X-FAB Silicon Foundries (XFAB)
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 that specializes in technology development and manufacturing services. The company focuses on bridging the gap between early-stage research and high-volume production, providing custom foundry services for advanced and specialized technology applications.
What sector is SKYWATER TECHNOLOGY INC (SKYT) in?
SKYWATER TECHNOLOGY INC (SKYT) is classified in the Information Technology sector. Its industry is specialized semiconductor foundry. It trades on NASDAQ.
Who are SKYWATER TECHNOLOGY INC's (SKYT) competitors?
Notable peers of SKYWATER TECHNOLOGY INC (SKYT) include GlobalFoundries, Tower Semiconductor and X-FAB Silicon Foundries. This peer set is informational only — not financial advice.
Where does stocks-llm's data on SKYT come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. This listing has ended, so these are the last figures on record rather than current ones — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are the last daily closes recorded before this listing ended.
Last updated 2026-08-07.
Informational only — NOT financial advice. All figures are the last on record before this listing ended, from SEC EDGAR & market data, shown with their as-of date.