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SkyWater Technology (SKYT)
NASDAQ:SKYT
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.08Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 5.54%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance in Q4 2024 and the full year, driven by significant revenue growth and strategic expansions, such as the Fab 25 acquisition. However, challenges persist in the Wafer Services segment and conservative growth forecasts for 2025 due to external factors affecting government contracts.Company Guidance
During SkyWater Technology's Fourth Quarter 2024 Financial Results Conference Call, the company provided guidance for the upcoming year, highlighting several key metrics. For fiscal year 2025, SkyWater expects combined Advanced Technology Services (ATS) and Wafer Services revenue growth of approximately 5%, plus or minus 2%, compared to $266 million in 2024. The company anticipates tools revenue of around $30 million, primarily in the second half of the year. Gross margin for the combined ATS and Wafer Services business is expected to expand into the 30% range in the second half, resulting in high 20s for the full year. The non-GAAP gross margin for the total revenue, including tools, is projected to be in the 23% to 27% range. SkyWater plans to keep operating expenses for 2025 within a 10% to 15% increase over the previous year. With these forecasts, the company aims to achieve slightly positive non-GAAP EPS and strong adjusted EBITDA of at least 10% of total revenue for the year.Strong Financial Results for Q4 2024
Total revenue topped $75 million with a gross margin of nearly 27%, exceeding expectations. EPS for the quarter was $0.04, contributing to full-year positive earnings of $0.06 per share for fiscal 2024.
Record Full Year Revenue
Full-year revenues totaled a record $342 million, up 19% from fiscal 2023. The ATS business delivered strong 13% revenue growth compared to 2023.
Expansion in Aerospace and Defense
Significant end-market strength in aerospace and defense sectors, with SkyWater establishing a trusted position for domestic semiconductor capabilities.
ThermaView Solutions Launch
SkyWater introduced ThermaView Solutions, marking its entry into the thermal imaging market with support from Raytheon Vision Systems.
Fab 25 Acquisition
Announced acquisition of Infineon’s Fab 25 in Austin, expected to contribute approximately $300 million of annual Wafer Services revenue and enhance SkyWater's U.S. manufacturing capabilities.
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SKYT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SKYT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $8.84 | $10.19 | +15.27% |
| Nov 07, 2024 | $10.43 | $8.99 | -13.81% |
| Aug 07, 2024 | $5.72 | $8.44 | +47.55% |
| May 08, 2024 | $10.48 | $9.87 | -5.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SkyWater Technology (SKYT) report earnings?
SkyWater Technology (SKYT) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is SkyWater Technology (SKYT) earnings time?
SkyWater Technology (SKYT) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SKYT EPS forecast?
SKYT EPS forecast for the fiscal quarter 2025 (Q1) is -0.13.
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