Brief: SkyWater Q2 Adjusted Net Income USD -5.5 Million Vs. IBES Estimate USD -8.76 Million

Skywater Technology

06/08/2025 21:05

Overview

SkyWater Q2 2025 revenue falls 37% yr/yr, beating analyst expectations, per LSEG data

Adjusted net loss for Q2 beats consensus, per LSEG data

Co completes acquisition of Infineon's Fab 25, boosting future revenue prospects

Outlook

SkyWater expects Q3 total revenue between $130 mln and $141 mln

Company projects Q3 ATS and Wafer Services revenue between $128 mln and $138 mln

SkyWater anticipates Fab 25 to contribute $300 mln annual revenue starting Q3

Company sees timing of DOD funding impacting ATS revenue growth

Result Drivers

QUANTUM COMPUTING - Strong momentum in quantum computing and advanced packaging businesses

DOD PROGRAM FUNDING - Timing of funding for certain Department of Defense programs likely to impact ATS revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$59.10 mln
$57.50 mln (5 Analysts)
Q2 Adjusted Net Income
Beat
-$5.50 mln
-$8.76 mln (5 Analysts)
Q2 Net Income
-$10 mln
Q2 Adjusted EBITDA
Beat
$2.30 mln
-$1.40 mln (2 Analysts)
Q2 Adjusted Gross Profit
$11.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Skywater Technology Inc is $12.00, about 24.4% above its August 5 closing price of $9.07

The stock recently traded at 419 times the next 12-month earnings vs. a P/E of 152 three months ago

Press Release: ID:nBw7LZdvFa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)