SkyWater Technology, Inc. (SKYT)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-09-04
$32.460.00%
Close 2026-08-07 · 1-day change
NASDAQInformation TechnologySemiconductorsSnapshot 2026-09-04
Broken: Primary pillar broken — Increase gross profit to at least $32.15 million in 2026-Q1: 32.1M vs 32.15M.
SkyWater aims for record revenue of $442.1 million in 2025. Gross profit rose to $32.15 million in 2026-Q1. Cash from operations improved to $27.9 million in 2026-Q1. These show the company is improving its finances.
SkyWater is still losing money with negative EPS expected in 2026. The recent stock selloff shows investors doubt the turnaround. Revenue growth and profit margin gains may stall.
The market expects about 28% revenue growth. Our fair value is $141.79, showing the stock is cheap versus peers. We see risk in sustained profit and cash flow gains.
Breaks if: Cash from operations falls below $27.9 million in 2026-Q1
Breaks if: Gross profit falls below $32.15 million in 2026-Q1
Revenue falls below $442.1 million in fiscal 2025
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a speculative growth opportunity, as SKYT operates in the semiconductor foundry space with a focus on achieving stable revenue growth post-acquisition. The current thesis state is cautious due to recent volatility in management and financial performance.
The market seems to price in a cheap valuation compared to peers, but there is an expectations gap suggesting that investors may not fully believe in the company's ability to deliver consistent results. The current valuation reflects some fragility, as it is not fully justified by the recent performance.
Fundamentals are likely to remain neutral in the near term, as recent financial performance has been stable but below industry peers. Management's focus on improving gross profit margins is a positive sign, but the recent officer departure and legal issues introduce elevated risk.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Deliver record annual revenues of $442.1 million in fiscal year 2025, demonstrating strong growth over 2024.
Newly stated in 2025-Q4. Fiscal 2025 revenue totaled $442.1M, a record compared to prior years. Quarterly revenue grew from $93.8M in 2024-Q3 to $160.7M in 2026-Q1, showing strong growth through 2025. The company delivered on this revenue growth priority for fiscal 2025.
“SkyWater’s record revenues of $442.1 million for fiscal 2025 demonstrated strong growth compared to fiscal 2024.”
The thesis hinges on several factors, including the company's ability to maintain guidance and deliver on revenue targets. Additionally, external factors like potential Federal Reserve rate cuts and performance from sector leaders could significantly impact sentiment and performance.
Over the next 1 to 3 years, SKYT's trajectory will depend on management execution and sector dynamics, with a cautious outlook warranted given recent challenges. Not investment advice.