“Since interest expense is added back to net loss to shareholders in our adjusted EBITDA financial measure, we also add back the net income attributable to noncontrolling interests as its net income is derived from interest the VIE charges SkyWater.”10-Q · May 8, 2026 ↗
SkyWater Technology Inc
SKYT
Market read
SkyWater Technology Inc's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 24 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 17 directly disclosed connections are confirming.
- SKYT's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if SKYT's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 24 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 17 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- SKYT's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +29.2% year over year.
- Net margin changed +28.9 percentage points in the latest annual period.
- Operating margin changed -2.5 percentage points in the latest annual period.
- Diluted shares increased 2.8% in the latest annual period.
- Operating cash flow was only -0.244x net income in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- Demand and volume has repeated adverse evidence across 3 filings.
- Labor availability and costs has repeated adverse evidence across 3 filings.
- P/E is 78% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 82% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Aug 7, 2026
32.46Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Legacy SkyWater Wafer Services revenue decreased by $1.4 million, primarily due to a $6.4 million reduction in sales to our key automotive customer, reflecting lower demand caused by oversupply issues in our customer’s product channels.”10-K · Mar 11, 2026 ↗
“Freight expense rose $0.4 million year-over-year due to higher shipment volumes, fab ramp activity, and increased use of expedited shipping amid elevated global logistics costs.”10-Q · May 8, 2026 ↗
“Legacy SkyWater labor costs increased by $1.9 million, primarily driven by a $1.6 million rise in payroll expense reflecting annual compensation increases and staffing and operational ramp activity at the Florida facility.”10-Q · May 8, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.6× · EV/sales 3.6×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 14 Jul, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SKYT. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for SKYT. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind SKYT
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
JEFJefferies Financial Group Inc.partnerMar 11, 2026 ▾
“We are subject to certain liquidity and EBITDA covenants under our Loan Agreement, as outlined in the section below entitled “—Indebtedness.” Open Market Sale Agreement On September 2, 2022, the Company entered into an Open Market Sale Agreement with Jefferie…”
DDDuPont de Nemours, Inc.supplierMar 11, 2026 ▾
“LTD.”
Depended on by
IONQIonQ, Inc.investeeMay 7, 2026 ▾
“On January 25, 2026, we entered into a definitive agreement to acquire SkyWater Technology, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 14 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SKYT is currently a Follower in the organic co-movement group Battery and Solar Technologies. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for SKYT; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.