SkyWater achieved record annual revenues of $442.1 million in 2025, largely due to the integration of SkyWater Texas (Fab 25). While Q4 revenue grew 127% year-over-year to $171 million, the company reported a GAAP net loss for the quarter due to inflation-related cost overruns in Florida and transaction-related expenses. A definitive agreement was also announced for IonQ to acquire SkyWater.

SkyWater Technology delivered a record-breaking third quarter in 2025, with total consolidated revenue reaching $150.7 million, a 60.7% increase year-over-year. The company's net income to shareholders was $144.0 million, significantly up from $1.5 million in Q3 2024, largely due to a bargain purchase gain from the Fab 25 acquisition. Non-GAAP diluted EPS was $0.24, a substantial improvement from $0.08 in the prior year.

SkyWater Technology announced second-quarter 2025 financial results, with total revenue of $59.1 million. The company reported a GAAP net loss of $10.0 million and a non-GAAP net loss of $5.5 million. A significant highlight was the completion of the Fab 25 acquisition, expected to substantially increase future revenue and adjusted EBITDA.

SkyWater Technology reported total revenue of $61.3 million for Q1 2025, a 23% decrease year-over-year. The company achieved a GAAP gross profit of $14.3 million and a net loss of $7.3 million. Non-GAAP diluted EPS was $(0.08).

SkyWater Technology reported a 5% decrease in Q4 2024 revenue year-over-year to $75.5 million, but a significant increase in gross margin to 25.6% GAAP and 26.6% non-GAAP. The company achieved net income of $1.9 million non-GAAP, a substantial improvement from a net loss in the prior year, and recorded record fiscal year revenue of $342.3 million.

SkyWater Technology reported a strong third quarter with record revenues of $93.8 million, a gross margin increase to 21.6% on a GAAP basis, and net income to shareholders of $1.5 million, or $0.03 per diluted share on a GAAP basis.

SkyWater Technology reported a record revenue of $93.3 million, a 34% increase year-over-year. The company achieved positive non-GAAP EPS, driven by its Advanced Technology Services business and customer-funded CapEx.

SkyWater Technology reported a 20% year-over-year increase in revenue to a record $79.6 million for Q1 2024. The company experienced a decrease in gross margin and a net loss to shareholders, but saw strong growth in its Advanced Technology Services (ATS) business.

SkyWater Technology reported a record $79.2 million in revenue for Q4 2023, a 22% increase year-over-year. The company experienced a GAAP net loss of $10.3 million, or $(0.22) per share, and a non-GAAP net loss of $1.1 million, or $(0.02) per share. The revenue growth was driven by strong customer demand for the Advanced Technology Services (ATS) business.

SkyWater Technology reported a strong third quarter with record revenues of $71.6 million, a 37% increase year-over-year. The company's gross margin also improved, reaching 19.8% on a GAAP basis and 20.4% on a non-GAAP basis. Increased demand and strong operational execution in the ATS business drove the outperformance.

SkyWater Technology reported a record revenue of $69.8 million, a 47% increase year-over-year. The gross margin also increased to 23.9% on a GAAP basis. Net loss to shareholders was $8.6 million, or $(0.19) per share on a GAAP basis.

SkyWater Technology reported a 6% year-over-year increase in revenue to $35.0 million. However, the company experienced a net loss of $13.9 million, which is 40% of the revenue. Supply chain and hiring constraints, along with delays in government program funding, impacted revenue by approximately $15 million for the third and fourth quarters.

SkyWater Technology's Q2 2021 results showed a 34% year-over-year increase in net sales, reaching $41.2 million. However, the company experienced a net loss to shareholders of $7.0 million, which is (17)% of net sales. Adjusted EBITDA was $(0.8) million, or (2.0)% of net sales.

SkyWater Technology reported a strong first quarter with record net sales of $48.1 million, a 30% increase year-over-year. The growth was primarily driven by a 61% increase in Advanced Technology Services (ATS) sales. The company completed its initial public offering in April.