SkyWater Technology, LLC(SKYT)— Stock Profile, AI Score & Financials
Technology · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
SkyWater Technology, LLC (SKYT) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores SKYT at 59.0/100 on a 32-signal composite quality model, placing it at rank #962 of 2,961 stocks — the top half of the AI-ranked universe. SKYT scores in the top quartile across balance sheet strength (97.0), revenue growth (91.7), profitability (82.4). Areas of concern include earnings quality (10.5) and free cash flow (14.8), which score below median versus the broader universe. Shareholder dilution risk is elevated at 39.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), SkyWater Technology, LLC reports quarterly revenue of $156.4M, net income of $-6.4M, free cash flow of $-23.8M. Top institutional holders of SKYT by reported 13-F value include BALYASNY ASSET MANAGEMENT L.P., BlackRock, STATE STREET, based on the most recent SEC filings. SKYT trades on the Nasdaq exchange and files with the SEC under CIK 1819974. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SKYT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SkyWater Technology, LLC directly from SEC EDGAR.
AI Quality Score
59.0/100
AI Rank
#962
Revenue
$156.4M
Net Income
$-6.4M
Free Cash Flow
$-23.8M
SKYT key financials by period
SkyWater Technology, LLC reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$442.1M
$118.9M
-0.6%
FY 2024
10-K
$342.3M
$-6.8M
1.9%
FY 2023
10-K
$286.7M
$-30.8M
-5.2%
FY 2022
10-K
$212.9M
$-39.6M
-14.0%
FY 2021
10-K
$162.8M
$-50.7M
-35.1%
FY 2020
10-K
$140.4M
$-20.6M
-6.2%
Institutions holding SKYT
Institutional investors reporting a position in SkyWater Technology, LLC on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-05-08 — Q1 FY2026 (quarter ended March 29, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue surged 162% YoY to $160.7M in Q1 2026, driven by $86.3M from newly acquired Fab 25 Texas facility, though net loss widened to $12.3M due to integration costs and defense spending headwinds.
Biggest Revenue Drivers
Wafer Services$95.8M+1173% YoY
Driven by $86.3M contribution from Fab 25 acquisition; Legacy SkyWater grew $2.0M from automotive customer.
ATS Development$54.9M+5% YoY
Advanced compute up $19.9M; aerospace/defense declined $27.2M due to government policy shifts and two programs entering stop-work/termination.
Biggest Revenue Drivers
Total revenue: $160.7M+162% YoY
Wafer Services$95.8M+1173% YoY
Driven by $86.3M contribution from Fab 25 acquisition; Legacy SkyWater grew $2.0M from automotive customer.
ATS Development$54.9M+5% YoY
Advanced compute up $19.9M; aerospace/defense declined $27.2M due to government policy shifts and two programs entering stop-work/termination.
Tools$9.9M+702% YoY
Ramp at Florida facility drove $8.7M increase in tool installations and qualification activity.
Largest Expense Items
Cost of revenue$128.5M+173% YoY
Fab 25 operations contributed $67.2M; Legacy SkyWater $4.7M tool installation costs at Florida facility; offset by $1.4M CHIPS Act Section 48D tax credit benefits.
Selling, general, and administrative$32.4M+116% YoY
$6.5M from Fab 25 acquisition; $6.9M Legacy SkyWater consulting fees; $2.5M legal/consulting for IonQ transaction; $1.0M Fab 25 integration costs.
Interest expense$6.2M+240% YoY
Higher average borrowings under revolver post-Fab 25 acquisition financing.
Research and development$5.0M+54% YoY
$0.6M incremental from Fab 25; $0.7M engineering labor reallocated to internal R&D from lower customer activity.
Margins: Gross margin compressed to 20.0% from 23.3% YoY, primarily due to tool margin degradation at Legacy SkyWater ($0.7M core loss plus $4.7M installation costs) and integration of Fab 25. Operating loss widened to $(5.3)M from $(4.0)M YoY despite 162% revenue growth, reflecting acquisition-related costs and defense spending headwinds.
Watch Items from the Filing
Three customers represent 78% of revenue in Q1 2026 vs. two customers at 53% in Q1 2025; customer concentration risk increased materially post-Fab 25.
Aerospace and defense revenue declined $27.2M YoY due to U.S. government policy shifts; two programs in stop-work/termination for convenience in 2026.
Material weaknesses in internal controls over revenue accounting and Fab 25 account reconciliation processes persist; remediation ongoing through FY2026.
Company pending acquisition by IonQ (announced Jan 25, 2026) for ~$15 cash plus stock consideration; closing expected Q2–Q3 2026 subject to regulatory approval and Hart-Scott-Rodino conditions.
Fab 25 supply agreement includes off-market component valued at $120M; $10.2M non-cash revenue recognized in Q1 2026 reduces deferred liability, with $92.1M remaining.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
