SkyWater Technology Inc. reports Q3 revenue of $150.7 million and net income of $144 million

Reuters
Nov 13
SkyWater Technology Inc. reports Q3 revenue of $150.7 million and net income of $144 million

SkyWater Technology Inc. reported revenue of $150.7 million for the third quarter of 2025, an increase of 61% compared to $93.8 million in the same period of 2024. Net income attributable to SkyWater Technology Inc. was $144.0 million, up from $1.5 million in the third quarter of the previous year. Gross profit for the quarter was $17.3 million, with a gross margin of 19.9%. The company's research and development expenses rose by 27% to $4.4 million, and selling, general, and administrative expenses increased by 98% to $24.0 million. The results for the period included $86.6 million in Wafer Services revenue and a $110.8 million bargain purchase gain related to the acquisition of Fab 25, establishing SkyWater Texas. As of September 28, 2025, SkyWater held $30.9 million in cash and cash equivalents.

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