Symbols / SKYT Stock $31.82 -5.24% SkyWater Technology, Inc.

Technology • Semiconductors • United States • NCM
SKYT (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Semiconductors
CEO Mr. Thomas J. Sonderman
Exch · Country NCM · United States
Market Cap 1.56B
Enterprise Value 1.76B
Income 118.91M
Sales 442.14M
FCF (ttm) -38.57M
Book/sh 3.86
Cash/sh 0.48
Employees 1,551
Insider 10d —
IPO Apr 21, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 13.04
Forward P/E -156.49
PEG —
P/S 3.54
P/B 8.23
P/C —
EV/EBITDA 55.48
EV/Sales 3.99
Quick Ratio 0.44
Current Ratio 0.60
Debt/Eq 127.85
LT Debt/Eq —
EPS (ttm) 2.44
EPS next Y -0.20
EPS Growth —
Revenue Growth 126.60%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-06
Earnings (prior) 2026-02-25
ROA -0.31%
ROE 95.94%
ROIC —
Gross Margin 19.66%
Oper. Margin -1.76%
Profit Margin 26.89%
Shs Outstand 49.16M
Shs Float 34.93M
Insider Own 25.83%
Instit Own 53.71%
Short Float 8.38%
Short Ratio 2.64
Short Interest 3.14M
52W High 36.27
vs 52W High -12.26%
52W Low 6.68
vs 52W Low 375.99%
Beta 3.47
Impl. Vol. 0.78%
Rel Volume 1.56
Avg Volume 1.30M
Volume 2.02M
Target (mean) $35.00
Tgt Median $35.00
Tgt Low $35.00
Tgt High $35.00
# Analysts 4
Recom None
Prev Close $33.58
Price $31.82
Change -5.24%
About

SkyWater Technology, Inc., together with its subsidiaries, provides semiconductor manufacturing services in the United States. The company operates through two segments, Legacy SkyWater and SkyWater Texas. The company offers foundry services; advanced technology services (ATS); wafer manufacturing services for analog, mixed-signal, MEMS, and specialty CMOS devices; and advanced semiconductor packaging. The company serves quantum computing, aerospace and defense, automotive, bio-health, and industrial sectors. SkyWater Technology, Inc. was incorporated in 2016 and is headquartered in Bloomington, Minnesota.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$35.00
Mean price target
2. Current target
$31.82
Latest analyst target
3. DCF / Fair value
$-14.12
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$31.82
Low
$35.00
High
$35.00
Mean
$35.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-27 down Piper Sandler Overweight → Neutral $35
2026-01-27 down TD Cowen Buy → Hold $35
2026-01-27 down Needham Buy → Hold —
2025-11-06 main TD Cowen Buy → Buy $24
2025-11-06 main Piper Sandler Overweight → Overweight $17
2025-11-06 main Needham Buy → Buy $20
2025-10-22 init Stifel — → Buy $25
2025-08-07 main Needham Buy → Buy $15
2025-05-08 main Needham Buy → Buy $11
2025-02-27 reit Needham Buy → Buy $12
2024-11-11 reit Needham Buy → Buy $12
2024-10-25 main Piper Sandler Overweight → Overweight $12
2024-08-08 main Piper Sandler Overweight → Overweight $9
2024-05-09 main Craig-Hallum Buy → Buy $12
2024-05-09 main Needham Buy → Buy $12
2024-02-27 main Needham Buy → Buy $15
2024-02-27 main Piper Sandler Overweight → Overweight $14
2023-11-09 main Piper Sandler Overweight → Overweight $9
2023-11-09 main Needham Buy → Buy $13
2023-03-27 reit Needham — → Buy $25
News
RSS: Latest SKYT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-14 MANKO STEVE Chief Financial Officer — 84,215 $30.41 $2,560,810
2026-04-14 MANKO STEVE Chief Financial Officer — 30,908 $10.03 $341,923
2026-03-16 MANKO STEVE Chief Financial Officer — 91,109 $27.84 $2,536,458
2026-03-16 MANKO STEVE Chief Financial Officer — 9,708 $10.14 $98,439
2026-03-16 MANKO STEVE Chief Financial Officer — 81,401 $27.84 $2,266,190
2026-03-16 MANKO STEVE Chief Financial Officer — 9,708 $10.14 $98,439
2026-03-13 MANKO STEVE Chief Financial Officer — 29,432 $0.00 $0
2026-03-13 HILBERG CHRISTOPHER Officer — 17,946 $0.00 $0
2026-03-13 SAKAMOTO JOHN President — 21,221 $0.00 $0
2026-03-13 SONDERMAN THOMAS J Chief Executive Officer — 50,455 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
442.14
+29.18%
342.27
+19.39%
286.68
+34.63%
212.94
Operating Revenue
442.14
+29.18%
342.27
+19.39%
286.68
+34.63%
212.94
Cost Of Revenue
355.21
+30.28%
272.64
+19.90%
227.39
+21.62%
186.97
Reconciled Cost Of Revenue
355.21
+30.28%
272.64
+19.90%
227.39
+21.62%
186.97
Gross Profit
86.93
+24.85%
69.63
+17.43%
59.29
+128.34%
25.97
Operating Expense
89.50
+41.92%
63.07
-14.87%
74.08
+32.92%
55.73
Research And Development
14.62
-2.79%
15.04
+47.90%
10.17
+7.83%
9.43
Selling General And Administration
74.88
+55.92%
48.03
-24.85%
63.91
+38.03%
46.30
Total Expenses
444.71
+32.47%
335.71
+11.36%
301.47
+24.21%
242.71
Operating Income
-2.58
-139.27%
6.56
+144.36%
-14.79
+50.32%
-29.77
Total Operating Income As Reported
-2.58
-139.27%
6.56
+144.36%
-14.79
+50.32%
-29.77
EBITDA
144.84
+473.56%
25.25
+78.57%
14.14
+628.48%
-2.68
Normalized EBITDA
33.09
+31.05%
25.25
+78.57%
14.14
+997.90%
-1.57
Reconciled Depreciation
35.67
+90.82%
18.69
-35.39%
28.93
+2.62%
28.19
EBIT
109.17
+1564.18%
6.56
+144.36%
-14.79
+52.09%
-30.87
Total Unusual Items
111.75
0.00
0.00
+100.00%
-1.10
Total Unusual Items Excluding Goodwill
111.75
0.00
0.00
+100.00%
-1.10
Special Income Charges
111.75
0.00
0.00
+100.00%
-1.10
Other Special Charges
—
—
—
1.10
Restructuring And Mergern Acquisition
-111.75
0.00
0.00
0.00
Net Income
118.91
+1850.48%
-6.79
+77.91%
-30.76
+22.32%
-39.59
Pretax Income
95.46
+4292.23%
-2.28
+91.11%
-25.61
+28.97%
-36.06
Net Non Operating Interest Income Expense
-13.71
-55.18%
-8.84
+18.37%
-10.83
-108.43%
-5.19
Interest Expense Non Operating
13.71
+55.18%
8.84
-18.37%
10.83
+108.43%
5.19
Net Interest Income
-13.71
-55.18%
-8.84
+18.37%
-10.83
-108.43%
-5.19
Interest Expense
13.71
+55.18%
8.84
-18.37%
10.83
+108.43%
5.19
Other Income Expense
111.75
—
—
-1.10
Tax Provision
-27.99
-11762.08%
0.24
+146.07%
-0.52
-164.40%
0.81
Tax Rate For Calcs
0.00
+0.00%
0.00
+932.45%
0.00
-90.31%
0.00
Tax Effect Of Unusual Items
23.47
0.00
0.00
+100.00%
-0.23
Net Income Including Noncontrolling Interests
123.45
+5004.49%
-2.52
+89.97%
-25.09
+31.94%
-36.87
Net Income From Continuing Operation Net Minority Interest
118.91
+1850.48%
-6.79
+77.91%
-30.76
+22.32%
-39.59
Net Income From Continuing And Discontinued Operation
118.91
+1850.48%
-6.79
+77.91%
-30.76
+22.32%
-39.59
Net Income Continuous Operations
123.45
+5004.49%
-2.52
+89.97%
-25.09
+31.94%
-36.87
Minority Interests
-4.54
-6.08%
-4.28
+24.49%
-5.66
-108.05%
-2.72
Normalized Income
30.63
+550.92%
-6.79
+77.91%
-30.76
+20.57%
-38.72
Net Income Common Stockholders
118.91
+1850.48%
-6.79
+77.91%
-30.76
+22.32%
-39.59
Diluted EPS
—
-0.14
+79.41%
-0.68
+29.90%
-0.97
Basic EPS
—
-0.14
+79.41%
-0.68
+29.90%
-0.97
Basic Average Shares
—
47.40
+4.15%
45.51
+11.44%
40.84
Diluted Average Shares
—
47.40
+4.15%
45.51
+11.44%
40.84
Diluted NI Availto Com Stockholders
118.91
+1850.48%
-6.79
+77.91%
-30.76
+22.32%
-39.59
Preferred Stock Dividends
—
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
733.91
+135.37%
311.81
-1.56%
316.76
+3.59%
305.76
Current Assets
193.20
+48.49%
130.11
-11.11%
146.38
+25.59%
116.55
Cash Cash Equivalents And Short Term Investments
23.22
+23.24%
18.84
+2.51%
18.38
-38.78%
30.02
Cash And Cash Equivalents
23.22
+23.24%
18.84
+2.51%
18.38
-38.78%
30.02
Receivables
118.10
+58.38%
74.57
-22.16%
95.80
+52.45%
62.84
Accounts Receivable
100.08
+91.14%
52.36
-20.62%
65.96
+135.20%
28.05
Gross Accounts Receivable
100.16
+89.85%
52.76
-20.23%
66.14
+122.82%
29.68
Allowance For Doubtful Accounts Receivable
-0.08
+79.90%
-0.40
-121.11%
-0.18
+89.01%
-1.64
Receivables Adjustments Allowances
—
—
—
-1.64
Other Receivables
18.02
-13.74%
20.89
-29.58%
29.67
-14.32%
34.62
Taxes Receivable
0.00
-100.00%
1.32
+665.12%
0.17
+1.78%
0.17
Inventory
24.60
+69.25%
14.54
-5.25%
15.34
+14.51%
13.40
Raw Materials
24.60
+83.04%
13.44
-12.28%
15.32
+17.52%
13.04
Work In Process
0.00
-100.00%
0.98
+5063.16%
0.02
-94.71%
0.36
Finished Goods
0.00
-100.00%
0.11
0.00
—
Prepaid Assets
5.31
+33.21%
3.98
+49.61%
2.66
+5.51%
2.52
Current Deferred Assets
1.46
+16.44%
1.25
-13.76%
1.45
-30.71%
2.10
Other Current Assets
20.50
+21.15%
16.92
+32.86%
12.74
+124.68%
5.67
Total Non Current Assets
540.71
+197.59%
181.70
+6.64%
170.38
-9.95%
189.21
Net PPE
511.72
+209.23%
165.48
+3.77%
159.46
-11.44%
180.06
Gross PPE
693.46
+119.35%
316.14
+6.36%
297.23
+2.25%
290.70
Accumulated Depreciation
-181.74
-20.63%
-150.66
-9.36%
-137.77
-24.51%
-110.64
Properties
0.00
0.00
0.00
0.00
Land And Improvements
36.60
+578.21%
5.40
+0.00%
5.40
+0.00%
5.40
Buildings And Improvements
164.75
+84.20%
89.44
+0.74%
88.78
+0.73%
88.14
Machinery Furniture Equipment
456.09
+125.04%
202.67
+4.48%
193.98
+3.58%
187.28
Other Properties
36.02
+93.33%
18.63
+105.30%
9.07
-8.21%
9.89
Goodwill And Other Intangible Assets
9.17
+17.86%
7.78
+37.15%
5.67
+1.14%
5.61
Other Intangible Assets
9.17
+17.86%
7.78
+37.15%
5.67
+1.14%
5.61
Non Current Accounts Receivable
10.23
+219.69%
3.20
—
—
Non Current Deferred Assets
—
—
—
0.00
Other Non Current Assets
9.59
+83.11%
5.24
-0.13%
5.25
+47.82%
3.55
Total Liabilities Net Minority Interest
538.10
+114.99%
250.28
-2.25%
256.06
+1.70%
251.79
Current Liabilities
324.02
+109.96%
154.33
+7.03%
144.20
+9.10%
132.17
Payables And Accrued Expenses
78.03
+31.44%
59.37
+5.51%
56.27
+41.44%
39.78
Payables
49.91
+53.18%
32.58
+30.32%
25.00
+18.48%
21.10
Accounts Payable
34.87
+17.85%
29.59
+50.86%
19.61
-7.05%
21.10
Other Payable
15.04
+402.54%
2.99
-44.45%
5.39
—
Current Accrued Expenses
28.12
+4.99%
26.78
-14.33%
31.26
+67.39%
18.68
Employee Benefits
—
—
0.00
-100.00%
1.64
Pensionand Other Post Retirement Benefit Plans Current
11.25
+75.97%
6.39
-41.61%
10.95
+91.88%
5.71
Total Tax Payable
—
—
—
—
Income Tax Payable
—
—
—
—
Current Debt And Capital Lease Obligation
192.54
+476.45%
33.40
+21.75%
27.43
-53.11%
58.50
Current Debt
190.34
+481.34%
32.74
+22.44%
26.74
-53.63%
57.67
Other Current Borrowings
-5.12
-299.07%
2.57
-48.03%
4.95
-91.42%
57.67
Current Capital Lease Obligation
2.20
+233.79%
0.66
-4.76%
0.69
-16.51%
0.83
Current Deferred Liabilities
42.20
-23.51%
55.17
+11.33%
49.55
+75.80%
28.19
Current Deferred Revenue
42.20
-23.51%
55.17
+11.33%
49.55
+75.80%
28.19
Other Current Liabilities
—
—
—
—
Total Non Current Liabilities Net Minority Interest
214.07
+123.09%
95.96
-14.21%
111.86
-6.48%
119.61
Long Term Debt And Capital Lease Obligation
57.80
+33.31%
43.36
-4.55%
45.42
+1.99%
44.54
Long Term Debt
32.94
-5.09%
34.70
-3.86%
36.10
+2.61%
35.18
Long Term Capital Lease Obligation
24.86
+187.32%
8.65
-7.24%
9.33
-0.32%
9.36
Tradeand Other Payables Non Current
—
0.07
0.00
-100.00%
3.73
Non Current Deferred Liabilities
155.91
+196.39%
52.60
-20.82%
66.43
-4.01%
69.21
Non Current Deferred Revenue
149.47
+187.99%
51.90
-21.07%
65.75
-3.26%
67.97
Non Current Deferred Taxes Liabilities
6.44
+818.40%
0.70
+3.24%
0.68
-45.20%
1.24
Other Non Current Liabilities
0.37
—
—
4.23
Stockholders Equity
187.82
+237.54%
55.64
+3.54%
53.74
+0.13%
53.67
Common Stock Equity
187.82
+237.54%
55.64
+3.54%
53.74
+0.13%
53.67
Capital Stock
0.49
+2.30%
0.48
+1.70%
0.47
+7.55%
0.44
Common Stock
0.49
+2.30%
0.48
+1.70%
0.47
+7.55%
0.44
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
48.61
+1.90%
47.70
+1.44%
47.03
+7.60%
43.70
Ordinary Shares Number
48.61
+1.90%
47.70
+1.44%
47.03
+7.60%
43.70
Additional Paid In Capital
202.39
+7.01%
189.13
+5.97%
178.47
+21.16%
147.30
Retained Earnings
-15.06
+88.76%
-133.97
-7.00%
-125.20
-33.09%
-94.07
Minority Interest
7.99
+36.03%
5.88
-15.59%
6.96
+2160.06%
0.31
Total Equity Gross Minority Interest
195.81
+218.29%
61.52
+1.35%
60.70
+12.46%
53.98
Total Capitalization
220.76
+144.34%
90.35
+0.57%
89.84
+1.11%
88.85
Working Capital
-130.82
-440.15%
-24.22
-1212.03%
2.18
+113.94%
-15.62
Invested Capital
411.10
+233.98%
123.09
+5.59%
116.58
-20.44%
146.52
Total Debt
250.34
+226.15%
76.76
+5.35%
72.86
-29.29%
103.04
Net Debt
200.06
+311.62%
48.60
+9.32%
44.46
-29.24%
62.83
Capital Lease Obligations
27.06
+190.61%
9.31
-7.07%
10.02
-1.64%
10.19
Net Tangible Assets
178.65
+273.24%
47.87
-0.42%
48.07
+0.01%
48.06
Tangible Book Value
178.65
+273.24%
47.87
-0.42%
48.07
+0.01%
48.06
Line Of Credit
195.46
+547.84%
30.17
+38.44%
21.79
—
Non Current Accrued Expenses
—
—
—
3.73
Notes Receivable
—
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-28.97
-256.91%
18.46
+83.12%
10.08
+170.51%
-14.30
Cash Flow From Continuing Operating Activities
-28.97
-256.91%
18.46
+83.12%
10.08
+170.51%
-14.30
Net Income From Continuing Operations
123.45
+5004.49%
-2.52
+89.97%
-25.09
+31.94%
-36.87
Depreciation Amortization Depletion
35.67
+90.82%
18.69
-35.39%
28.93
+2.62%
28.19
Depreciation And Amortization
35.67
+90.82%
18.69
-35.39%
28.93
+2.62%
28.19
Other Non Cash Items
-127.77
-7723.51%
1.68
-4.50%
1.75
+1787.10%
0.09
Pension And Employee Benefit Expense
—
—
6.86
-20.33%
8.61
Stock Based Compensation
9.42
+15.35%
8.17
+19.07%
6.86
-20.33%
8.61
Provisionand Write Offof Assets
0.45
+120.20%
0.20
+434.21%
0.04
-97.68%
1.64
Asset Impairment Charge
—
0.00
-100.00%
1.26
0.00
Deferred Tax
-28.85
-5716.33%
-0.50
+11.43%
-0.56
-329.51%
0.24
Deferred Income Tax
-28.85
-5716.33%
-0.50
+11.43%
-0.56
-329.51%
0.24
Operating Gains Losses
-0.39
-605.45%
-0.06
-100.80%
6.86
+524.77%
1.10
Gain Loss On Sale Of PPE
-0.39
-605.45%
-0.06
0.00
+100.00%
-0.00
Change In Working Capital
-40.94
-467.72%
-7.21
-131.82%
-3.11
+82.02%
-17.30
Change In Receivables
-20.48
-201.40%
20.20
+160.54%
-33.37
-187.78%
-11.60
Changes In Account Receivables
—
—
-33.37
-235.12%
-9.96
Change In Inventory
1.05
+29.94%
0.81
+141.41%
-1.94
+78.93%
-9.22
Change In Prepaid Assets
-11.18
-16.53%
-9.60
-16.71%
-8.22
-74.47%
-4.71
Change In Payables And Accrued Expense
7.17
+169.02%
-10.39
-148.83%
21.27
+1.39%
20.98
Change In Accrued Expense
—
—
—
—
Change In Payable
—
—
—
20.98
Change In Account Payable
—
—
—
20.98
Change In Other Working Capital
-17.49
-112.37%
-8.24
-143.01%
19.15
+250.22%
-12.75
Investing Cash Flow
-113.04
-908.87%
-11.21
-6.83%
-10.49
+39.90%
-17.45
Cash Flow From Continuing Investing Activities
-113.04
-908.87%
-11.21
-6.83%
-10.49
+39.90%
-17.45
Net PPE Purchase And Sale
-23.71
-200.62%
-7.89
+8.49%
-8.62
+49.46%
-17.05
Purchase Of PPE
-24.34
-206.45%
-7.94
+7.86%
-8.62
+49.46%
-17.05
Sale Of PPE
0.63
+1041.82%
0.06
0.00
0.00
Capital Expenditure
-27.21
-141.62%
-11.26
-7.35%
-10.49
+39.90%
-17.45
Net Business Purchase And Sale
-86.47
0.00
—
—
Net Intangibles Purchase And Sale
-2.87
+13.50%
-3.32
-77.39%
-1.87
-367.75%
-0.40
Purchase Of Intangibles
-2.87
+13.50%
-3.32
-77.39%
-1.87
-367.75%
-0.40
Financing Cash Flow
146.39
+2254.70%
-6.79
+39.53%
-11.23
-123.00%
48.86
Cash Flow From Continuing Financing Activities
146.39
+2254.70%
-6.79
+39.53%
-11.23
-123.00%
48.86
Net Issuance Payments Of Debt
150.47
+16261.65%
-0.93
+97.14%
-32.58
-195.93%
33.96
Issuance Of Debt
588.65
+69.25%
347.80
+29.60%
268.36
+325.93%
63.01
Repayment Of Debt
-438.19
-25.65%
-348.73
-15.88%
-300.94
-936.05%
-29.05
Long Term Debt Issuance
588.65
+69.25%
347.80
+29.60%
268.36
+325.93%
63.01
Long Term Debt Payments
-438.19
-25.65%
-348.73
-15.88%
-300.94
-936.05%
-29.05
Net Long Term Debt Issuance
150.47
+16261.65%
-0.93
+97.14%
-32.58
-195.93%
33.96
Short Term Debt Payments
—
—
—
0.00
Net Short Term Debt Issuance
—
—
—
0.00
Net Common Stock Issuance
—
0.00
-100.00%
20.40
+1.55%
20.09
Common Stock Payments
—
—
—
0.00
Common Stock Dividend Paid
—
—
—
—
Cash Dividends Paid
—
—
—
—
Repurchase Of Capital Stock
—
—
—
0.00
Proceeds From Stock Option Exercised
3.84
+53.78%
2.50
+8.42%
2.31
+28.06%
1.80
Net Other Financing Charges
-7.92
+5.31%
-8.36
-514.85%
-1.36
+80.54%
-6.99
Changes In Cash
4.38
+848.05%
0.46
+103.97%
-11.64
-168.06%
17.11
Beginning Cash Position
18.84
+2.51%
18.38
-38.78%
30.02
+132.45%
12.92
End Cash Position
23.22
+23.24%
18.84
+2.51%
18.38
-38.78%
30.02
Free Cash Flow
-56.17
-880.17%
7.20
+1864.71%
-0.41
+98.71%
-31.75
Interest Paid Supplemental Data
10.19
+55.57%
6.55
-25.27%
8.76
+97.48%
4.44
Income Tax Paid Supplemental Data
0.03
-75.89%
0.11
+1766.67%
0.01
+100.00%
0.00
Common Stock Issuance
—
0.00
-100.00%
20.40
+1.55%
20.09
Issuance Of Capital Stock
—
0.00
-100.00%
20.40
+1.55%
20.09
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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