NASDAQ$SKYT
SkyWater Technology Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
SkyWater Technology Inc reported Q2 2025 results showing a revenue decline and net loss increase versus the prior year.
SkyWater reported revenue of $59.1 million for the three months ended June 29, 2025, down 37% year-over-year, with a net loss attributable to shareholders of $10.0 million. Gross profit fell to $10.9 million amid lower tool and ATS development revenue. The company completed the Fab 25 acquisition shortly after quarter end.
- Revenue declined 37% to $59.1 million driven by lower tool sales and reduced aerospace and defense demand.
- Net loss attributable to SkyWater widened to $10.0 million from $1.9 million in Q2 2024.
- Gross margin remained stable near 18.5% despite the revenue drop due to lower tool-related costs.
- Cash and cash equivalents rose to $49.4 million supported by strong operating cash flow of $54.3 million for the first half.
Headline financials
Revenue & EPS history
SkyWater · Revenue · Quarterly
$59.1M
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%
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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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