Welcome to our dedicated page for Skywater Technology news (Ticker: SKYT), a resource for investors and traders seeking the latest updates and insights on Skywater Technology stock.
SkyWater Technology, Inc. reports news on its U.S.-based pure-play semiconductor foundry operations, including Technology as a Service development, wafer services, foundational-node manufacturing and advanced packaging. The company serves commercial customers and federal defense programs through facilities in Minnesota, Florida and Texas, with recurring updates tied to domestic foundry capacity and semiconductor platform expansion.
SkyWater news also covers operating and financial results, material agreements, capital-structure matters, shareholder voting topics, commercial leadership changes and investor conference participation. Company updates commonly frame the business around U.S. semiconductor supply-chain resilience, trusted foundry status and advanced manufacturing services for emerging technologies such as quantum computing and next-generation systems.
SkyWater Technology (NASDAQ: SKYT) announced that its stockholders approved the previously announced merger agreement to be acquired by IonQ at a special meeting held May 8, 2026. According to the company, final voting results will be filed on Form 8-K.
The transaction is expected to close in the second or third quarter of 2026 and remains subject to required regulatory approvals and customary closing conditions.
SkyWater Technology (acquisition target of IONQ) reported record FY2025 revenue of $442.1M, a 29% increase driven by the acquisition of Fab 25 and strong ATS demand. GAAP net income to shareholders was $118.9M and Adjusted EBITDA was $53.2M. SkyWater noted >30% growth in quantum-related ATS revenue and eight commercial ATS engagements; IonQ’s agreed acquisition for $35.00 per share is expected to close in Q2–Q3 2026, pending shareholder and regulatory approvals.
SkyWater Technology (NASDAQ: SKYT) appointed Christine Dunbar as senior vice president of sales and solutions engineering, reporting to President and COO John Sakamoto. Dunbar will lead customer acquisition and scale growth across ATS, wafer services and advanced packaging as SkyWater expands U.S. foundry capacity, including the acquired 200mm Fab 25.
She brings nearly three decades of semiconductor experience at Natcast, IBM Microelectronics, GlobalFoundries and IQE to strengthen commercial execution and customer engagement across commercial and government markets.
SkyWater Technology (NASDAQ: SKYT) will report fiscal fourth-quarter and full-year 2025 results after market close on February 25, 2026. The company disclosed it will not host an earnings webcast because of a pending acquisition by IonQ, limiting the usual live investor presentation.
IonQ (NYSE: IONQ) will acquire SkyWater Technology for $35.00 per share in a cash-and-stock deal implying ~$1.8 billion equity value. The transaction consideration is $15.00 cash plus $20.00 in IonQ stock subject to a collar; SkyWater shareholders are expected to own 4.4%–6.7% of the combined company. The companies expect closing in Q2–Q3 2026, subject to approvals.
The deal creates a vertically integrated full‑stack quantum platform with embedded U.S. foundry access, expected to accelerate testing of 200,000-qubit QPUs in 2028 (enabling >8,000 logical qubits), and to accelerate a 2,000,000-qubit chip timeline by up to one year. IonQ reaffirmed 2025 revenue at the high end or above its prior $106–$110M range.
SkyWater Technology (NASDAQ: SKYT) said management will present at the 28th Annual Needham Growth Conference in New York. The company’s fireside chat is scheduled for Wednesday, January 14, 2026 at 1:30 PM ET and will be webcast live.
Presentation slides and both the live and archived webcast will be made available on SkyWater Technology’s Investor Relations page. The event location is the Lotte New York Palace.
SkyWater Technology (NASDAQ: SKYT) will participate as one of 15 hosts at the 14th Annual NYC Summit investor conference on Tuesday, December 16, 2025 at Mastro’s Steakhouse New York.
The company said investor presentation materials used at the summit will be posted on its investor relations website at ir.skywatertechnology.com.
SkyWater Technology (NASDAQ: SKYT) and Silicon Quantum Computing (SQC) announced a joint program to accelerate commercialization of hybrid quantum-classical computing on November 20, 2025. The collaboration pairs SQC’s atomically engineered quantum processors (QPUs) with SkyWater’s U.S.-based semiconductor development, secure manufacturing, superconducting resonators, and tailored silicon wafers.
The partners say SkyWater will integrate SQC QPUs into classical computing ecosystems via its Technology-as-a-Service model to enable hybrid workloads, trusted supply chain integrity, and scalable packaging for high-bandwidth resonator connections.
SkyWater Technology (NASDAQ: SKYT) announced a collaboration with QuamCore to co-develop Single Flux Quantum (SFQ) digital superconducting controllers under a multi-million-dollar contract. The partnership combines SkyWater's U.S.-based superconducting foundry capabilities with QuamCore's SFQ control architecture to target wafer-scale integration of SFQ control circuits with superconducting qubit arrays.
Key technical goals include SFQ controllers operating natively at cryogenic temperatures as low as 10 mK, up to 1,000x cabling reduction versus conventional approaches, and power dissipation lower by several orders of magnitude than CMOS. Joint milestones include test-vehicle fabrication and demonstration of cryo-SFQ control chips over the next 12–18 months.
SkyWater Technology (NASDAQ: SKYT) reported record third quarter 2025 results for the period ended September 28, 2025, driven by the Fab 25 acquisition and stronger ATS demand.
Key highlights include total consolidated revenue of $150.7M (+60.7% YoY), GAAP gross profit $36.2M (24.0%), non‑GAAP net income $11.5M ($0.24 diluted EPS), and Adjusted EBITDA $25.8M (17.1% margin). GAAP net income was $144.0M, reflecting a preliminary $110.8M bargain purchase gain related to Fab 25 and a $31.8M tax benefit. Management reported strong momentum in quantum ATS engagements and higher‑than‑expected Texas operations performance. Q4 2025 guidance: total revenue $155M–$165M and GAAP diluted loss per share $(0.21) to $(0.09).