What is the 13F Pro Quality Score for SKYT?

13F Pro ranks SkyWater Technology, Inc (SKYT) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View SKYT's current score at https://13fpro.ai/research/SKYT (free sign-up required for the full ranking).

Where does 13F Pro source SKYT data?

All SkyWater Technology, Inc fundamentals and ownership data come directly from SEC EDGAR. SkyWater Technology, Inc files with the SEC under CIK 1819974. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is SKYT in?

SkyWater Technology, Inc (SKYT) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives SKYT's revenue?

Per SkyWater Technology, Inc's latest 10-Q filed with the SEC on 2026-05-08, the biggest revenue drivers are: Wafer Services ($95.8M, +1173% YoY); ATS Development ($54.9M, +5% YoY); Tools ($9.9M, +702% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/SKYT.

What are SKYT's largest expenses?

SkyWater Technology, Inc's latest 10-Q reports these as the largest expense items: Cost of revenue ($128.5M, +173% YoY); Selling, general, and administrative ($32.4M, +116% YoY); Interest expense ($6.2M, +240% YoY). Sourced directly from SEC EDGAR filing text for Q1 FY2026 (quarter ended March 29, 2026).

How often is SKYT research updated on 13F Pro?

SKYT's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

SkyWater Technology, Inc(SKYT)Stock Analysis

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13F Pro Quality Score

68.0/100

Rank #435 of 2,879 stocksTOP 25%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

83.0/100

Profitability

90.7/100

Balance Sheet

93.6/100

Earnings Quality

30.0/100

Free Cash Flow

39.9/100

Institutional Flow

91.0/100

Revenue Scale

34.4/100

Dilution Risk

40.2/100

SKYT Stock Analysis & AI Quality Score

AI stock analysis and institutional research for SkyWater Technology, Inc (SKYT), a Technology sector company. 13F Pro's AI-powered ranking engine scores SKYT at 68.0/100 on a 32-signal composite quality model, placing it at rank #435 of 2,879 stocks — the top 25% of the AI-ranked universe. SKYT scores in the top quartile across balance sheet strength (93.6), institutional flow (91.0), profitability (90.7). Areas of concern include earnings quality (30.0) and revenue scale (34.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 40.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), SkyWater Technology, Inc reports quarterly revenue of $160.7M, net income of $-12.3M, free cash flow of $18.9M. Top institutional holders of SKYT by reported 13-F value include BlackRock,, BALYASNY ASSET MANAGEMENT L.P., VANGUARD CAPITAL MANAGEMENT, 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, Inc directly from SEC EDGAR. SkyWater Technology, Inc's 13F Pro composite quality score has ranged between 8 and 74 since 2022, currently 68.0 — an improving long-term trajectory across 52 quarterly and live scoring snapshots.

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Fun facts about SkyWater Technology, Inc

Quirks, history, and lore behind SKYT — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. semiconductor company · listed on Nasdaq · headquartered in Minnesota · operates in the contract chip fabrication business.
2
The Numbers
A small-cap player with annual revenue in the low hundreds of millions — not exactly TSMC, but it punches above its weight in specialized markets.
3
The History
Its fab traces roots to a Cypress Semiconductor facility before being spun off and relaunched as an independent U.S.-focused foundry in 2017.
4
The Secret
It has a U.S. Department of Defense relationship baked into its DNA — its fab is one of the few American foundries with trusted-access status for sensitive government chip work.
5
The Lore
In an era of hand-wringing about American chip sovereignty, this company is literally the answer — a domestic foundry on U.S. soil making chips for aerospace, defense, and advanced sensors.
6
The Giveaway
Its ticker rhymes with a celestial body and its name does too — a Minnesota-based pure-play U.S. foundry named after the heavens, offering CMOS and specialty process technologies to customers who can't afford to offshore their silicon.

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What's Driving SKYT's Business? Latest 10-Q Breakdown

✓ 42/42 datapoints verified

AI-extracted from SkyWater Technology, Inc's 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

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.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$160.7M

Net Income

Q1 2026

$-12.3M

Free Cash Flow

Q1 2026

$18.9M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+29.2% YoY

$442.1MFY 2025

FY21 $162.8MFY22 $212.9MFY24 $342.3MFY25 $442.1M

Net Income

+1850.5% YoY

$118.9MFY 2025

FY21 $-50.7MFY22 $-39.6MFY24 $-6.8MFY25 $118.9M

Operating Income

-139.3% YoY

$-2.6MFY 2025

FY21 $-57.1MFY22 $-29.8MFY24 $6.6MFY25 $-2.6M

EPS (Diluted)

+1842.9% YoY

$2.44FY 2025

FY21 $-1.76FY22 $-0.97FY24 $-0.14FY25 $2.44

Total Assets

+135.4% YoY

$733.9MFY 2025

FY21 $263.6MFY22 $305.8MFY24 $311.8MFY25 $733.9M

Total Debt

+216.1% YoY

$229.2MFY 2025

FY21 $59.4MFY22 $92.9MFY24 $72.5MFY25 $229.2M

Op. Cash Flow

-256.9% YoY

$-29.0MFY 2025

FY21 $-55.7MFY22 $-14.3MFY24 $18.5MFY25 $-29.0M

Metric	FY 2025	FY 2024	FY 2022	FY 2021	FY 2020
Revenue	$442.1M +29.2%	$342.3M +60.7%	$212.9M +30.8%	$162.8M +16.0%	$140.4M
Net Income	$118.9M +1850.5%	$-6.8M +82.8%	$-39.6M +21.9%	$-50.7M -145.9%	$-20.6M
Operating Income	$-2.6M -139.3%	$6.6M +122.0%	$-29.8M +47.9%	$-57.1M -560.8%	$-8.6M
EPS (Diluted)	$2.44 +1842.9%	$-0.14 +85.6%	$-0.97 +44.9%	$-1.76 -53.0%	$-1.15
Total Assets	$733.9M +135.4%	$311.8M +2.0%	$305.8M +16.0%	$263.6M +0.1%	$263.2M
Total Debt	$229.2M +216.1%	$72.5M -21.9%	$92.9M +56.2%	$59.4M -21.1%	$75.4M
Operating Cash Flow	$-29.0M -256.9%	$18.5M +229.1%	$-14.3M +74.3%	$-55.7M -157.9%	$96.2M

AI Insight: SKYT Financial Trends

Q3 2025 revenue surge to $151M and a $144M net income spike distort the trend — underlying operations remain loss-making with rising debt.

• Revenue jumped from $59M in Q2 2025 to $171M in Q4 2025, but Q1 2026 pulled back to $161M, suggesting the ramp is plateauing.

• Operating income turned negative again in Q1 2026 at -$5M, continuing losses seen in Q1 and Q2 2025 despite higher revenue.

• Total debt nearly tripled from $65M in Q1 2025 to $215M in Q1 2026, while equity grew from $53M to $180M — leverage has risen sharply.

• Operating cash flow remains highly volatile: +$56M in Q1 2025, -$47M in Q3 2025, -$36M in Q4 2025, recovering to +$28M in Q1 2026.

⚠ The $144M Q3 2025 net income appears one-time; operating income that quarter was only $8M — sustainability of earnings is unproven.

⚠ Debt surged to $229M in Q4 2025 from $65M in Q1 2025; monitor whether free cash flow can service this elevated obligation.

⚠ Operating cash flow turned positive at $28M in Q1 2026 after two consecutive deeply negative quarters — watch for sustained improvement.

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Available Research

13F Pro tracks comprehensive data for SkyWater Technology, Inc including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of SKYT

BlackRock, Inc.
$70.1M2,556,741 sh
BALYASNY ASSET MANAGEMENT L.P.
$65.8M2,399,067 sh
VANGUARD CAPITAL MANAGEMENT LLC
$41.9M1,527,134 sh
STATE STREET CORP
$40.4M1,473,228 sh
AMERICAN CENTURY COMPANIES INC
$37.4M1,364,638 sh
ALPINE ASSOCIATES MANAGEMENT INC.
$33.7M1,228,100 sh
UBS Group AG
$32.5M1,187,422 sh
Magnetar Financial LLC
$32.2M1,175,584 sh
AQR Arbitrage LLC
$26.1M950,962 sh
MILLENNIUM MANAGEMENT LLC
$24.8M905,432 sh

Fund	Value	Shares
BlackRock, Inc.	$70.1M	2,556,741
BALYASNY ASSET MANAGEMENT L.P.	$65.8M	2,399,067
VANGUARD CAPITAL MANAGEMENT LLC	$41.9M	1,527,134
STATE STREET CORP	$40.4M	1,473,228
AMERICAN CENTURY COMPANIES INC	$37.4M	1,364,638
ALPINE ASSOCIATES MANAGEMENT INC.	$33.7M	1,228,100
UBS Group AG	$32.5M	1,187,422
Magnetar Financial LLC	$32.2M	1,175,584
AQR Arbitrage LLC	$26.1M	950,962
MILLENNIUM MANAGEMENT LLC	$24.8M	905,432

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Is SKYT a good stock to buy?

13F Pro's AI-powered analysis of SkyWater Technology, Inc (SKYT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SKYT are available on the SKYT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own SKYT?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SKYT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SkyWater Technology, Inc's investment landscape.