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.
Announced a definitive agreement to be acquired by IonQ for $35.00 per share in a cash-and-stock transaction.
Record consolidated revenue for Q4 2025 reached $171.0 million, a 127% increase compared to Q4 2024.
Quantum-related ATS revenues increased by over 30% in fiscal 2025, with eight commercial engagements active.
SkyWater Texas (Fab 25) contributed $89.0 million in revenue for Q4, exceeding initial expectations.
The company is focused on completing its acquisition by IonQ while scaling its advanced packaging and quantum computing capabilities.
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