SkyWater
Logotype for SkyWater Technology Inc

SkyWater (SKYT) investor relations material

SkyWater Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for SkyWater Technology Inc
Q4 2025 earnings summary25 Feb, 2026

Executive summary

  • Fiscal 2025 revenue reached a record $442.1 million, up 29% year-over-year, driven by the Fab 25 acquisition and quantum computing momentum.

  • Net income to shareholders was $118.9 million for FY2025, compared to a net loss of $6.8 million in FY2024, reflecting a significant turnaround.

  • Adjusted EBITDA for FY2025 was $53.2 million, up 57% year-over-year.

  • IonQ announced an agreement to acquire the company for $35.00 per share in a cash-and-stock deal, expected to close in Q2 or Q3 2026.

Financial highlights

  • Q4 2025 consolidated revenue was $171.0 million, up 127% year-over-year and 13% sequentially.

  • Q4 2025 GAAP gross profit was $25.6 million (14.9% margin), down from 25.6% margin in Q4 2024 due to higher costs in Florida operations.

  • Q4 2025 GAAP net loss to shareholders was $7.8 million, or $(0.16) per diluted share.

  • FY2025 GAAP gross profit was $86.9 million (19.7% margin), up from $69.6 million (20.3% margin) in FY2024.

  • FY2025 non-GAAP net income to shareholders was $0.7 million, or $0.01 per diluted share.

Outlook and guidance

  • The acquisition by IonQ is expected to close in the second or third quarter of 2026, pending shareholder and regulatory approvals.

  • Management highlighted strong momentum in quantum computing and advanced packaging as growth drivers.

Q4 gross margin decline: Florida tooling cost impact?
Legacy SkyWater revenue decline: Future growth drivers?
Quantum computing ATS: Scaling strategy and outlook?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next SkyWater earnings date

Logotype for SkyWater Technology Inc
Investor Day 202624 Mar, 2026
SkyWater
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next SkyWater earnings date

Logotype for SkyWater Technology Inc
Investor Day 202624 Mar, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

SkyWater Technology Inc is a semiconductor foundry offering custom manufacturing services for integrated circuits. The company serves sectors including aerospace, defense, automotive, and healthcare, providing advanced packaging, process development, and volume production. The company is headquartered in Bloomington, Minnesota, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage