NASDAQ$SKYT
SkyWater Technology Inc · Q1 2025 earnings
Q1 2025 earnings · · After market close · Investor relations
Briefing
SkyWater Technology reported a modest upside to expectations in Q1 2025, driven by strong sequential growth in Wafer Services, while Advanced Technology Services experienced a near-term softening due to federal budget delays.
SkyWater Technology reported total revenue of $61.3 million for Q1 2025, a 23% decrease year-over-year. The company achieved a GAAP gross profit of $14.3 million and a net loss of $7.3 million. Non-GAAP diluted EPS was $(0.08).
- Total revenue for Q1 2025 was $61.3 million, a 23% decrease compared to Q1 2024.
- Wafer Services revenue showed strong sequential growth, driven by demand for the new ThermaView platform.
- Advanced Technology Services (ATS) revenue softened due to federal budget delays, despite record revenues in 2024.
- GAAP net loss to shareholders was $7.3 million, or $(0.15) per diluted share.
Headline financials
Revenue & EPS history
SkyWater · Revenue · Quarterly
$61.3M
Revenue by segment
SkyWater · $69.8M total across 2 segments · Q2 2023
- Legacy ATS Development$53M+77.7%75.9%
- Legacy Wafer Services$16.8M-4.5%24.1%
Forward guidance
For Q2 2025, SkyWater expects total revenue to be between $55 million and $60 million, with less than $1 million from tools revenue. GAAP diluted net loss per share is projected to be in the range of $(0.20) to $(0.26), and non-GAAP diluted net loss per share in the range of $(0.16) to $(0.22).
Tailwinds
- Anticipated year-over-year revenue growth in both ATS and Wafer Services for fiscal 2025.
- Expected expansion of gross margin profile in fiscal 2025.
- Projected strong adjusted EBITDA for fiscal 2025.
- Anticipated non-GAAP positive EPS for fiscal 2025.
- Confidence in executing planned growth in ATS revenues in fiscal 2025, provided federal budget delays are resolved.
Headwinds
- Continued federal budget delays affecting overall Department of Defense (DOD) program funding.
- Near-term softening of anticipated ATS growth trajectory due to funding delays.
- Q2 2025 total revenue expected to be lower than Q1 2025.
- Q2 2025 GAAP diluted net loss per share expected to be higher than Q1 2025.
- Q2 2025 non-GAAP diluted net loss per share expected to be higher than Q1 2025.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
+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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