SkyWater Technology Inc (NAS:SKYT)

Q3 2025 Skywater Technology Inc Earnings Call Transcript

Nov 5, 2025 / 09:30 PM GMT

Release Date Price: $14.71 (+2.44%)

Transcript 10-Q

Key Points

Positve

SkyWater Technology Inc (SKYT) reported record Q3 revenues of nearly $151 million, exceeding expectations by over $9 million.
The company achieved its strongest ever quarter for quantum computing-related revenue, positioning it for over 30% revenue growth in this segment for fiscal 2025.
SkyWater Technology Inc (SKYT) signed four new quantum customer engagements since Q2, expanding its customer base in this fast-growing market.
The acquisition of FA 25 operations in Texas contributed nearly $87 million in wafer services revenue for Q3, surpassing expectations.
The company's diversified customer base across multiple quantum computing architectures positions it well for future growth, regardless of which technology leads in commercial adoption.

Negative

The stagnation of progress due to the US government shutdown has impacted the timing of aerospace and defense (A&D) program funding, affecting Q4 ATS revenues.
SkyWater Technology Inc (SKYT) expects a modest sequential decline in ATS revenues for Q4 due to a decline in A&D-related revenues.
The company faces potential challenges in securing additional funding to cover inflation-related cost overruns for tooling in Florida, which could result in a net loss on tools for Q4.
Operating expenses exceeded expectations by $4.5 million in Q3, reflecting higher costs related to the acquisition of FA 25.
The company's Q4 EPS guidance ranges from a loss of $0.08 per share to net income of $0.04 per share, indicating potential volatility in profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SKYT.OQ - Skywater Technology Inc
Q3 2025 Skywater Technology Inc Earnings Call
Nov 05, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and thank you for standing by. My name is Lacey and I will be your conference operator today.

At this time, I would like to welcome everyone to the Skywater Technology Third quarter 2025 Financial results conference call.

All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star, followed by the number one on your telephone keypad.

If you would like to withdraw your question, press one again. We ask that the callers limit themselves to one question and one follow-up only.

Thank you. I would now like to turn the conference over to

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