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SkyWater Technology Inc

SKYT

Technology · 32.37 -0.3% today

Isolated · not yet confirmedMarket checked 14 Jul, 15:55 GMT-4

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.

Company-0.3% todayVolume comparison unavailable
Market group0 of 24 activeBattery and Solar Technologies · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Technology · Semiconductors

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.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • SKYT's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods6
Price observations296
Usable filing statements148
Verified relationships13
Evidence supporting the case
  • Latest annual revenue changed +29.2% year over year.
  • Net margin changed +28.9 percentage points in the latest annual period.
Evidence challenging the case
  • 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.
Questions before a position
  • 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.
Longer-term price context

Price as of Aug 7, 2026

32.46
6m+0.3%12m+223.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-01-02$162.8M+16.0%$-1.76
2023-01-01$212.9M+30.8%$-0.97+40.6%
2023-12-31$286.7M+34.6%$-0.68+11.4%
2024-12-29$342.3M+19.4%$-0.14+4.2%
2025-12-28$442.1M+29.2%$2.44+2.8%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
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
Demand and volumenegative · 3 filings
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
Input and raw-material costsmixed · 3 filings
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
Labor availability and costsmixed · 3 filings
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.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

32.37-0.3% today

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.