NASDAQ$SKYT
SkyWater Technology Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
SkyWater reported eighth straight quarter of record revenue and 34% growth year-over-year.
SkyWater Technology reported a record revenue of $93.3 million, a 34% increase year-over-year. The company achieved positive non-GAAP EPS, driven by its Advanced Technology Services business and customer-funded CapEx.
- Revenue increased 34% year-over-year to a record $93.3 million.
- Advanced Technology Service (ATS) development revenue exceeded expectations, reaching a new record in Q2.
- The company transitioned Quantum-Si's baseline technology to Wafer Services, marking a key milestone in their commercialization efforts.
- Installation of Multibeam’s high-productivity, direct-write patterning system supports strong customer demand for the Technology as a Service (“TaaS”) business model.
Headline financials
Revenue & EPS history
SkyWater · Revenue · Quarterly
$93.3M
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
SkyWater's revenue outlook for the underlying business remains relatively consistent as they have progressed through 2024, and their customers’ commitments to fund the technical capabilities and capacity that will support future growth have continued to expand further.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2024
+4.7%
Avg return
Earnings day
+9.0%
Avg return
5 days after
+8.4%
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 | +2.0% | +5.6% | — | |
| 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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