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Jun 30, 2024
SkyWater Q2 2024 Earnings Report
SkyWater reported eighth straight quarter of record revenue and 34% growth year-over-year.
Key Takeaways
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.
Revenue increased 34% year-over-year to a record $93.3 million.
Advanced Technology Service (ATS) development revenue exceeded expectations, reaching a new record in Q2.
The company transitioned Quantum-Si's baseline technology to Wafer Services, marking a key milestone in their commercialization efforts.
Installation of Multibeam’s high-productivity, direct-write patterning system supports strong customer demand for the Technology as a Service (“TaaS”) business model.
Revenue by Segment
Forward Guidance
SkyWater's revenue outlook for the underlying business remains relatively consistent as they have progressed through 2024, and their customers’ commitments to fund the technical capabilities and capacity that will support future growth have continued to expand further.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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