NASDAQ$SKYT
SkyWater Technology Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
SkyWater reported record net sales driven by growth in Advanced Technology Services (ATS) business. The company's Minnesota fab is ramping automotive and IoT-related production. SkyWater's Advanced Packaging fab in Florida is progressing as planned.
SkyWater Technology reported a strong first quarter with record net sales of $48.1 million, a 30% increase year-over-year. The growth was primarily driven by a 61% increase in Advanced Technology Services (ATS) sales. The company completed its initial public offering in April.
- Net sales grew 30% year-over-year to $48.1 million.
- Advanced Technology Services sales increased 61% year-over-year.
- Wafer Services sales decreased 25% year-over-year.
- Gross profit was $9.2 million, compared to $6.4 million in the first quarter of 2020.
Headline financials
Revenue & EPS history
SkyWater · Revenue · Quarterly
$48.1M
Revenue by segment
SkyWater · $48.1M total across 2 segments · Q1 2021
- Legacy ATS Development$38.1M+61.4%79.2%
- Legacy Wafer Services$10M-24.8%20.8%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+4.7%
Avg return
Earnings day
+9.0%
Avg return
5 days after
+8.3%
Avg return
30 days after
65%
13 / 20 earnings
Positive
+41.4%
Q2 2024
Best reaction
-39.1%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.1% | +5.7% | +5.7% | |
| Q4 2025 | +7.1% | +3.6% | -6.2% | |
| Q3 2025 | +26.9% | +50.2% | +22.2% | |
| Q1 2025 | +4.5% | +15.6% | +24.6% | |
| Q4 2024 | -10.4% | -15.3% | -30.7% | |
| Q3 2024 | -9.1% | -16.1% | -5.8% | |
| Q2 2024 | +41.4% | +41.2% | +35.3% | |
| Q1 2024 | -36.5% | -26.0% | -27.3% | |
| Q4 2023 | +13.8% | +21.3% | +9.9% | |
| Q3 2023 | +2.0% | +4.3% | +50.0% | |
| Q2 2023 | -19.2% | -30.9% | -32.4% | |
| Q1 2023 | -5.3% | -0.7% | +6.0% | |
| Q4 2022 | +21.6% | +30.4% | +2.3% | |
| Q3 2022 | +34.6% | +37.3% | +9.2% | |
| Q2 2022 | +27.5% | +17.4% | -33.2% | |
| Q1 2022 | +14.4% | -2.7% | +14.0% | |
| Q4 2021 | -4.8% | +10.4% | +15.0% | |
| Q3 2021 | -39.1% | -29.8% | -46.7% | |
| Q2 2021 | +15.1% | +26.8% | +79.1% | |
| Q1 2021 | +8.2% | +37.4% | +74.8% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — |
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