SkyWater Technology's Q3 adjusted net income beats estimates

Skywater Technology

05/11/2025 21:59

Overview

Adjusted net income and EBITDA for Q3 beat analyst estimates

Outlook

SkyWater expects Q4 consolidated revenue between $155 mln and $165 mln

Advanced Packaging tool installations in Florida scheduled for completion in early-2026

Result Drivers

QUANTUM COMPUTING - Record revenues from quantum computing customers, with four new customer engagements boosting ATS revenues

TEXAS OPERATIONS - First full quarter of Texas operations exceeded revenue and profitability expectations, driven by higher wafer production levels

AEROSPACE AND DEFENSE - Acceleration in program timing led to stronger ATS development revenues in aerospace and defense markets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted Net Income
Beat
$11.5 mln
-$8.36 mln (5 Analysts)
Q3 Net Income
$110.80 mln
Q3 Adjusted EBITDA
Beat
$25.80 mln
$11.20 mln (2 Analysts)
Q3 Adjusted Gross Profit
$37.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 $15.00, about 4.3% above its November 4 closing price of $14.36

Press Release: ID:nBw2THvLXa

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(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.)