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 ( SKYT ) 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 ( SKYT ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $59.10 $57.50

Revenue mln mln (5

Analysts

)

Q2 Beat -$5.50 -$8.76

Adjusted mln mln (5

Net Analysts

Income )

Q2 Net -$10 mln

Income

Q2 Beat $2.30 -$1.40

Adjusted mln mln (2

EBITDA Analysts

)

Q2 $11.50

Adjusted mln

Gross

Profit

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 ( SKYT ) 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:

(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.)