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. (NASDAQ: SKYT) is a U.S.-based semiconductor manufacturer and pure-play technology foundry whose news flow reflects its role in critical domestic manufacturing and advanced electronics. As a DMEA-accredited Category 1A Trusted Foundry and Trusted Supplier, the company’s announcements often center on its Technology as a Service model, which combines development services, wafer production and heterogeneous integration in U.S. facilities.
Investors following SKYT news can expect regular updates on quarterly financial results, segment performance for Legacy SkyWater and SkyWater Texas, and commentary on Advanced Technology Services (ATS) development revenue, wafer services revenue and tools revenue. Earnings releases and related Form 8-K filings provide insight into gross margin trends, adjusted EBITDA and the impact of major transactions such as the acquisition of the Fab 25 business in Texas.
SkyWater’s news also highlights collaborations and technology milestones. Recent releases describe partnerships with Silicon Quantum Computing and QuamCore to advance hybrid quantum-classical computing and superconducting control architectures, underscoring the company’s role in the emerging quantum computing ecosystem. Other announcements cover access to silicon-proven mixed-signal ASIC IP through its S130 platform, aimed at automotive, industrial, medical and consumer applications within a secure U.S. supply chain.
In addition, SKYT regularly reports participation in investor conferences and industry events, where management discusses the company’s positioning in aerospace and defense, automotive, biomedical, industrial and quantum computing markets. For readers tracking SKYT, this news page aggregates financial disclosures, strategic collaborations, manufacturing expansions and capital markets activities in one place, making it a useful reference for ongoing developments in the company’s semiconductor foundry business.
SkyWater Technology (NASDAQ: SKYT) announced its participation in the 13th Annual NYC Summit investor conference, scheduled for December 17, 2024, at Mastro's Steakhouse New York. The company will be among 18 companies collectively hosting the event. SkyWater will make its investor presentation materials available on its investor relations website.
SkyWater Technology (NASDAQ: SKYT) reported its Q3 2024 financial results. The company achieved record revenues of $93.8 million, a 31% YoY increase. GAAP gross margin rose to 21.6% from 19.8% in Q3 2023, while non-GAAP gross margin increased to 22.3% from 20.4%. Net income to shareholders was $1.5 million ($0.03 per diluted share) on a GAAP basis and $3.6 million ($0.08 per diluted share) on a non-GAAP basis, compared to net losses in Q3 2023. Adjusted EBITDA reached $11.0 million, up from $8.3 million in Q3 2023. CEO Thomas Sonderman highlighted strong operational efficiencies and a significant A&D program. The company also expects sequential growth in Q4 for its ATS business, a robust revenue growth year in 2024, and continued improvements in 2025. Business highlights include a multi-year supply agreement with NanoDx and significant customer-funded CapEx investments. The Q4 2024 outlook forecasts revenues between $72 million and $76 million, with GAAP EPS ranging from $(0.12) to $(0.06).
SkyWater Technology (NASDAQ: SKYT), a trusted technology realization partner, has announced that it will release its fiscal third quarter 2024 financial results on Thursday, November 7, 2024, after the market closes. The company will also host a webcast on the same day at 3:30 p.m. CST (4:30 p.m. EST) to discuss its business and financial results.
Investors and interested parties can access the live webcast through SkyWater's Investor Relations page at https://ir.skywatertechnology.com or directly at https://events.q4inc.com/attendee/163718612. An archived version of the webcast will be available on the company's Investor Relations page for those unable to attend the live event.
SkyWater Technology (NASDAQ: SKYT) has appointed Bassel Haddad as senior vice president and general manager of advanced packaging. Reporting to President and COO John Sakamoto, Haddad will build and scale SkyWater's advanced packaging business for both defense and commercial markets. He will oversee technology development, engineering, marketing, and Florida fab operations.
Haddad brings over 25 years of experience, including a strong background from Intel where he managed multi-billion dollar P&Ls. His expertise in silicon, platforms, and systems across enterprise, edge compute, and mobile markets is expected to drive SkyWater's growth in advanced packaging, particularly in the era of AI and heterogeneous integration.
SkyWater Technology (NASDAQ: SKYT), a trusted technology realization partner, has announced its participation in three upcoming investor conferences during the third quarter of 2024:
- 5th Annual Needham Virtual Semiconductor 1x1 Conference on August 22 (1x1s only)
- Jefferies Semiconductor, IT Hardware & Communications Technology Conference on August 28 in Chicago (1x1s only)
- Piper Sandler Growth Frontiers Conference on September 10 in Nashville, featuring a live webcast presentation at 2:30pm EDT
Investor presentation materials and a live/archived webcast link for the Piper Sandler presentation will be available on SkyWater's investor relations website at ir.skywatertechnology.com.
SkyWater Technology (NASDAQ: SKYT) announced its financial results for Q2 2024, showcasing its eighth straight quarter of record revenue.
Revenue saw a 34% year-over-year increase to $93.3 million. However, gross margins decreased to 18.3% on a GAAP basis and 18.9% on a non-GAAP basis.
The company reported a GAAP net loss of $1.9 million (or $0.04 per share), compared to a $8.6 million loss in Q2 2023. On a non-GAAP basis, there was a net income of $0.8 million (or $0.02 per share).
Adjusted EBITDA was $8.1 million, down from $10.3 million in Q2 2023. Notably, ATS development revenue rose to $61.7 million, while Tools revenue surged to $25.9 million.
CEO Thomas Sonderman emphasized the company's operational efficiency and customer-funded CapEx as key drivers for future growth.
SkyWater Technology (NASDAQ: SKYT) has received a groundbreaking Multicolumn E-Beam Lithography (MEBL) system from Multibeam Corp. for volume production. This first-of-its-kind system offers high-throughput direct write patterning, significantly faster than conventional e-beam tools. The MEBL system enables new capabilities including secure chip ID, full wafer patterning for focal plane read-out ICs, and sub 50 nm geometries on 200 mm wafers.
The collaboration between SkyWater and Multibeam over the past two years has been important in defining system performance specifications. SkyWater CEO Thomas Sonderman highlighted the technology's value for customers in secure defense, biomedical, thermal imaging, high reliability, and advanced compute markets. The company plans to make the tool available for initial customer designs in Q4 2024.
SkyWater Technology (NASDAQ: SKYT) has awarded $100,000 in scholarships to 10 recipients through the second annual SkyWater Foundation Scholarship Program. Each student will receive $10,000 to support their higher education pursuits, with an emphasis on STEM fields. The program aims to address the talent gap in the semiconductor industry and develop a skilled workforce.
Eligible applicants included high school graduates or college undergraduates planning to enroll full-time at accredited institutions for the 2024-2025 academic year, with a minimum 3.0 GPA. Selection criteria included academic performance, leadership, and extracurricular activities. The scholarship is funded by the Oxbow Foundation and SkyWater Technology, demonstrating their commitment to advancing STEM education and fostering future industry leaders.
SkyWater Technology (NASDAQ: SKYT) has announced that it will release its fiscal second-quarter 2024 financial results on August 7, 2024, after the market closes. The company will also host a webcast the same day at 3:30 p.m. CDT (4:30 p.m. EDT) to discuss its business and financial performance. Interested parties can access the live webcast through SkyWater's Investor Relations page or directly via a provided link. An archived version of the webcast will also be available.
SkyWater Technology (NASDAQ: SKYT) has announced that its management will participate in the 16th Annual CEO Investor Summit. The event is scheduled to take place on Wednesday, July 10th, at the St. Regis San Francisco. SkyWater will make the investor presentation materials available on its investor relations website.
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