Skywater Technology Inc Stock Price, News & Analysis

SkyWater Technology (NASDAQ: SKYT) reported Q2 2025 financial results and completed its acquisition of Infineon's Fab 25 in Austin, Texas. Total revenue was $59.1 million, down 37% year-over-year, with a GAAP net loss of $10.0 million ($0.21 per share). The company acquired Fab 25 for $93 million, funded through a new $350 million credit facility.

The acquisition, backed by a $1+ billion multi-year supply agreement, is expected to contribute at least $300 million in annual revenue and generate immediate positive free cash flow. For Q3 2025, SkyWater projects total revenue between $130-141 million, including significant contribution from the new Texas facility.

While Department of Defense program funding delays impact ATS revenue growth, the company reports strong momentum in quantum computing and advanced packaging businesses, positioning for growth in 2026.

SkyWater Technology (NASDAQ: SKYT) has secured a significant license agreement with Infineon Technologies to access their silicon-proven, mixed-signal ASIC design IP library. The agreement enables the development of high-reliability mixed-signal SoCs through SkyWater's S130 platform within a secure U.S. supply chain.

The licensed IP, originally developed by Cypress Semiconductor, includes critical components such as ADCs, DACs, power management, timing, and communications modules. These components have been validated in automotive-grade and mission-critical applications. SkyWater will integrate this IP portfolio into its Technology as a Service (TaaS℠) model, with phased release based on market demand.

This strategic move aims to address the current situation where over 90% of global mixed-signal ASIC chip production occurs offshore, strengthening U.S. semiconductor independence and domestic manufacturing capabilities.

SkyWater Technology (NASDAQ: SKYT), a trusted technology realization partner, has scheduled its fiscal second quarter 2025 financial results announcement for Wednesday, August 6, 2025, after market close.

The company will host a webcast at 3:30 p.m. CDT (4:30 p.m. EDT) to discuss its business performance and financial results. Investors can access the live webcast through the company's investor relations website or directly via the provided Q4 event link. An archived version of the webcast will be available for later viewing on SkyWater's Investor Relations page.

SkyWater Technology (Nasdaq: SKYT) has completed its acquisition of Infineon Technologies' 200mm semiconductor fab (Fab 25) in Austin, Texas. The transaction adds 400,000 wafer starts per year in capacity, making SkyWater the largest exclusively U.S.-based, pure-play foundry service provider.

The $93 million acquisition ($73 million payment plus approximately $20 million for working capital) transforms Fab 25 from a captive integrated device manufacturer (IDM) into an open-access semiconductor foundry. The facility will focus on manufacturing semiconductors for embedded processors/MCUs, memory, mixed signal, RF, and power applications, primarily serving industrial, automotive, and defense customers.

The deal includes a long-term supply agreement with Infineon and brings approximately 1,000 Fab 25 employees to SkyWater. The acquisition is financed through a new $350 million five-year senior secured revolving credit facility, replacing the company's existing $130 million facility. At closing, the total draw on the new facility is $137 million.

[ "Adds significant manufacturing capacity with 400,000 wafer starts per year", "Becomes largest exclusively U.S.-based pure-play foundry with dual-sourced support", "Secures long-term supply agreement with Infineon", "Acquires advanced capabilities in copper processing, high-voltage technology, and 65 nm node infrastructure", "Expected to contribute significant revenue scale and strong adjusted EBITDA and free cash flow", "Secured larger credit facility of $350 million, up from previous $130 million" ]

SkyWater Technology (Nasdaq: SKYT) has announced the anticipated closing date of its previously announced Fab 25 acquisition, expected to complete on June 30, 2025. The company has received all required regulatory approvals for the transaction, marking a significant milestone in the acquisition process. The deal aims to enhance SkyWater's semiconductor manufacturing capabilities and strengthen its position in North America's semiconductor ecosystem.

SkyWater Technology (NASDAQ: SKYT) has announced its participation in three major investor conferences in May 2025:

• B. Riley Securities 25th Annual Investor Conference on May 22 in Marina Del Rey, CA
• Craig-Hallum 22nd Annual Institutional Investor Conference on May 28 in Minneapolis, MN
• TD Cowen 53rd Annual Technology, Media & Telecom Conference on May 29 in New York, NY

All conferences will feature one-on-one meetings only. Presentation materials will be available on SkyWater's investor relations website.

SkyWater Technology (NASDAQ: SKYT) reported Q1 2025 financial results with total revenue of $61.3 million, down 23% year-over-year. The company saw strong sequential growth in Wafer Services driven by demand for their new ThermaView platform from defense customers. However, Advanced Technology Services (ATS) revenue declined 14% YoY to $52.5 million due to federal budget delays affecting DOD program funding. GAAP net loss was $7.3 million ($0.15 per share), while gross margin improved to 23.3%. The company is progressing with the acquisition of Infineon's Fab 25 in Austin, backed by a $1B+ supply agreement, expected to close mid-2025. For Q2 2025, SkyWater projects revenue between $55-60 million with an expected GAAP net loss of $0.20-0.26 per share.

SkyWater Technology (NASDAQ: SKYT) has appointed Dr. Percy V. Gilbert as senior vice president of engineering, reporting to President and COO John Sakamoto. Gilbert will lead the company's engineering organization during a important growth phase, particularly as SkyWater approaches the closure of its Infineon Austin Fab acquisition.

Gilbert brings over 20 years of industry experience, including senior positions at NXP Semiconductors and IBM Systems Group, where he led process technology development and product engineering initiatives. He holds a Ph.D., M.S., and B.S. in electrical and computer engineering from Purdue University, with 10 U.S. patents and more than 20 technical publications to his credit.

SkyWater Technology (NASDAQ: SKYT) has scheduled its fiscal first quarter 2025 financial results announcement for Wednesday, May 7, 2025, after market close. The company will host a webcast at 3:30 p.m. CDT (4:30 p.m. EDT) on the same day to discuss its business performance and financial results.

Investors and interested parties can access the live webcast through the company's investor relations website at ir.skywatertechnology.com or directly via the provided event link.