SKYT Chart
About

SkyWater Technology, Inc., together with its subsidiaries, operates as a pure-play technology foundry that offers semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers for various microelectronics and related micro- and nanotechnology applications; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits. It serves customers operating in the advanced computation, aerospace and defense, automotive, bio-health, and industrial sectors. SkyWater Technology, Inc. was incorporated in 2016 and is headquartered in Bloomington, Minnesota.

Fundamentals
Scroll to Statements
Sector Technology Industry Semiconductors Market Cap 1.37B
Enterprise Value 1.55B Income 126.01M Sales 346.59M
Book/sh 3.98 Cash/sh 0.64 Dividend Yield —
Payout 0.00% Employees 702 IPO —
P/E 10.77 Forward P/E -99.83 PEG —
P/S 3.95 P/B 7.07 P/C —
EV/EBITDA 54.34 EV/Sales 4.48 Quick Ratio 0.47
Current Ratio 0.67 Debt/Eq 105.92 LT Debt/Eq —
EPS (ttm) 2.61 EPS next Y -0.28 EPS Growth 97.33%
Revenue Growth 60.70% Earnings 2026-02-25 ROA 0.35%
ROE 97.29% ROIC — Gross Margin 23.28%
Oper. Margin 7.26% Profit Margin 36.36% Shs Outstand 48.63M
Shs Float 35.09M Short Float 7.99% Short Ratio 0.69
Short Interest — 52W High 36.27 52W Low 5.67
Beta 3.51 Avg Volume 2.27M Volume 645.09K
Target Price $35.00 Recom None Prev Close $27.76
Price $28.12 Change 1.30%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$35.00
Mean price target
2. Current target
$28.12
Latest analyst target
3. DCF / Fair value
$-3.29
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$28.12
Low
$35.00
High
$35.00
Mean
$35.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-27 down Piper Sandler Overweight → Neutral $35
2026-01-27 down TD Cowen Buy → Hold $35
2026-01-27 down Needham Buy → Hold —
2025-11-06 main TD Cowen Buy → Buy $24
2025-11-06 main Piper Sandler Overweight → Overweight $17
2025-11-06 main Needham Buy → Buy $20
2025-10-22 init Stifel — → Buy $25
2025-08-07 main Needham Buy → Buy $15
2025-05-08 main Needham Buy → Buy $11
2025-02-27 reit Needham Buy → Buy $12
2024-11-11 reit Needham Buy → Buy $12
2024-10-25 main Piper Sandler Overweight → Overweight $12
2024-08-08 main Piper Sandler Overweight → Overweight $9
2024-05-09 main Craig-Hallum Buy → Buy $12
2024-05-09 main Needham Buy → Buy $12
2024-02-27 main Needham Buy → Buy $15
2024-02-27 main Piper Sandler Overweight → Overweight $14
2023-11-09 main Piper Sandler Overweight → Overweight $9
2023-11-09 main Needham Buy → Buy $13
2023-03-27 reit Needham — → Buy $25
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 100000 1454310 — Sale at price 14.54 per share. UNTERSEHER LOREN A. Director and Beneficial Owner of more than 10% of a Class of Security — 2025-11-26 00:00:00 I
1 200000 2865310 — Sale at price 14.13 - 14.53 per share. UNTERSEHER LOREN A. Director and Beneficial Owner of more than 10% of a Class of Security — 2025-11-24 00:00:00 I
2 200000 2865310 — Sale at price 14.13 - 14.53 per share. UNTERSEHER LOREN A. Director and Beneficial Owner of more than 10% of a Class of Security — 2025-11-24 00:00:00 I
3 5210 69715 — Sale at price 13.38 per share. SONDERMAN THOMAS J Chief Executive Officer — 2025-11-21 00:00:00 D
4 9662 157065 — Sale at price 16.26 per share. UNTERSEHER LOREN A. Director and Beneficial Owner of more than 10% of a Class of Security — 2025-11-18 00:00:00 I
5 14200 254616 — Sale at price 17.45 - 20.55 per share. UNTERSEHER LOREN A. Director and Beneficial Owner of more than 10% of a Class of Security — 2025-11-17 00:00:00 I
6 5207 88519 — Sale at price 17.00 per share. SONDERMAN THOMAS J Chief Executive Officer — 2025-11-14 00:00:00 D
7 50000 869900 — Sale at price 17.40 per share. MANKO STEVE Chief Financial Officer — 2025-11-14 00:00:00 D
8 2480746 — — Stock Gift at price 0.00 per share. UNTERSEHER LOREN A. Director and Beneficial Owner of more than 10% of a Class of Security — 2025-10-03 00:00:00 I
9 120370 2169308 — Sale at price 18.02 per share. UNTERSEHER LOREN A. Director and Beneficial Owner of more than 10% of a Class of Security — 2025-09-26 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.00-231.21K1.15M
TaxRateForCalcs0.210.020.210.12
NormalizedEBITDA25.25M14.14M-1.57M-32.45M
TotalUnusualItems0.000.00-1.10M9.16M
TotalUnusualItemsExcludingGoodwill0.000.00-1.10M9.16M
NetIncomeFromContinuingOperationNetMinorityInterest-6.79M-30.76M-39.59M-50.70M
ReconciledDepreciation18.69M28.93M28.19M27.37M
ReconciledCostOfRevenue272.64M227.39M186.97M170.32M
EBITDA25.25M14.14M-2.68M-23.28M
EBIT6.56M-14.79M-30.87M-50.65M
NetInterestIncome-8.84M-10.83M-5.19M-3.54M
InterestExpense8.84M10.83M5.19M3.54M
NormalizedIncome-6.79M-30.76M-38.72M-58.71M
NetIncomeFromContinuingAndDiscontinuedOperation-6.79M-30.76M-39.59M-50.70M
TotalExpenses335.71M301.47M242.71M222.66M
TotalOperatingIncomeAsReported6.56M-14.79M-29.77M-57.10M
DilutedAverageShares47.40M45.51M40.84M29.04M
BasicAverageShares47.40M45.51M40.84M29.04M
DilutedEPS-0.14-0.68-0.97-1.76
BasicEPS-0.14-0.68-0.97-1.76
DilutedNIAvailtoComStockholders-6.79M-30.76M-39.59M-51.09M
NetIncomeCommonStockholders-6.79M-30.76M-39.59M-51.09M
PreferredStockDividends398.00K
NetIncome-6.79M-30.76M-39.59M-50.70M
MinorityInterests-4.28M-5.66M-2.72M-3.29M
NetIncomeIncludingNoncontrollingInterests-2.52M-25.09M-36.87M-47.40M
NetIncomeContinuousOperations-2.52M-25.09M-36.87M-47.40M
TaxProvision240.00K-521.00K809.00K-6.79M
PretaxIncome-2.28M-25.61M-36.06M-54.19M
OtherIncomeExpense-1.10M9.16M
SpecialIncomeCharges0.000.00-1.10M9.16M
OtherSpecialCharges1.10M-6.45M
RestructuringAndMergernAcquisition0.000.00-2.71M
NetNonOperatingInterestIncomeExpense-8.84M-10.83M-5.19M-3.54M
InterestExpenseNonOperating8.84M10.83M5.19M3.54M
OperatingIncome6.56M-14.79M-29.77M-59.81M
OperatingExpense63.07M74.08M55.73M52.34M
ResearchAndDevelopment15.04M10.17M9.43M8.75M
SellingGeneralAndAdministration48.03M63.91M46.30M43.59M
GrossProfit69.63M59.29M25.97M-7.47M
CostOfRevenue272.64M227.39M186.97M170.32M
TotalRevenue342.27M286.68M212.94M162.85M
OperatingRevenue342.27M286.68M212.94M162.85M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber47.70M47.03M43.70M39.84M
ShareIssued47.70M47.03M43.70M39.84M
NetDebt48.60M44.46M62.83M46.53M
TotalDebt76.76M72.86M103.04M61.84M
TangibleBookValue49.84M48.07M48.06M57.24M
InvestedCapital125.06M116.58M146.52M120.58M
WorkingCapital-22.25M2.18M-15.62M26.63M
NetTangibleAssets49.84M48.07M48.06M57.24M
CapitalLeaseObligations9.31M10.02M10.19M2.39M
CommonStockEquity57.61M53.74M53.67M61.13M
TotalCapitalization92.32M89.84M88.85M119.56M
TotalEquityGrossMinorityInterest63.49M60.70M53.98M59.93M
MinorityInterest5.88M6.96M308.00K-1.20M
StockholdersEquity57.61M53.74M53.67M61.13M
RetainedEarnings-132.00M-125.20M-94.07M-54.48M
AdditionalPaidInCapital189.13M178.47M147.30M115.21M
CapitalStock478.00K470.00K437.00K398.00K
CommonStock478.00K470.00K437.00K398.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest250.28M256.06M251.79M203.67M
TotalNonCurrentLiabilitiesNetMinorityInterest95.96M111.86M119.61M155.91M
OtherNonCurrentLiabilities500.00K4.35M
EmployeeBenefits0.001.64M4.04M
NonCurrentAccruedExpenses3.73M3.15M
TradeandOtherPayablesNonCurrent69.00K0.003.73M3.15M
NonCurrentDeferredLiabilities52.60M66.43M69.21M89.09M
NonCurrentDeferredRevenue51.90M65.75M67.97M88.09M
NonCurrentDeferredTaxesLiabilities701.00K679.00K1.24M995.00K
LongTermDebtAndCapitalLeaseObligation43.36M45.42M44.54M59.63M
LongTermCapitalLeaseObligation8.65M9.33M9.36M1.20M
LongTermDebt34.70M36.10M35.18M58.43M
CurrentLiabilities154.33M144.20M132.17M47.77M
OtherCurrentLiabilities816.00K
CurrentDeferredLiabilities55.17M49.55M28.19M20.81M
CurrentDeferredRevenue55.17M49.55M28.19M20.81M
CurrentDebtAndCapitalLeaseObligation33.40M27.43M58.50M2.21M
CurrentCapitalLeaseObligation660.00K693.00K830.00K1.19M
CurrentDebt32.74M26.74M57.67M1.02M
OtherCurrentBorrowings2.57M4.95M57.67M1.02M
LineOfCredit30.17M21.79M
PensionandOtherPostRetirementBenefitPlansCurrent6.39M10.95M5.71M4.56M
PayablesAndAccruedExpenses59.37M56.27M39.78M19.37M
CurrentAccruedExpenses26.78M31.26M18.68M11.73M
Payables32.58M25.00M21.10M7.64M
OtherPayable2.99M5.39M
TotalTaxPayable0.00
IncomeTaxPayable0.00
AccountsPayable29.59M19.61M21.10M7.64M
TotalAssets313.77M316.76M305.76M263.60M
TotalNonCurrentAssets181.70M170.38M189.21M189.20M
OtherNonCurrentAssets5.24M5.25M3.55M3.08M
NonCurrentDeferredAssets0.001.76M
NonCurrentAccountsReceivable3.20M
GoodwillAndOtherIntangibleAssets7.78M5.67M5.61M3.89M
OtherIntangibleAssets7.78M5.67M5.61M3.89M
NetPPE165.48M159.46M180.06M180.47M
AccumulatedDepreciation-150.66M-137.77M-110.64M-84.41M
GrossPPE316.14M297.23M290.70M264.89M
OtherProperties18.63M9.07M9.89M29.23M
MachineryFurnitureEquipment202.67M193.98M187.28M143.10M
BuildingsAndImprovements89.44M88.78M88.14M87.16M
LandAndImprovements5.40M5.40M5.40M5.40M
Properties0.000.000.000.00
CurrentAssets132.08M146.38M116.55M74.40M
OtherCurrentAssets16.92M12.74M5.67M
CurrentDeferredAssets1.25M1.45M2.10M1.58M
PrepaidAssets3.98M2.66M2.52M2.27M
Inventory14.54M15.34M13.40M17.50M
FinishedGoods114.00K0.00
WorkInProcess981.00K19.00K359.00K7.34M
RawMaterials13.44M15.32M13.04M10.16M
Receivables76.54M95.80M62.84M40.13M
ReceivablesAdjustmentsAllowances-1.64M0.00
OtherReceivables20.89M29.67M34.62M16.36M
TaxesReceivable1.32M172.00K169.00K745.00K
NotesReceivable0.00
AccountsReceivable54.33M65.96M28.05M23.02M
AllowanceForDoubtfulAccountsReceivable-398.00K-180.00K-1.64M
GrossAccountsReceivable54.73M66.14M29.68M
CashCashEquivalentsAndShortTermInvestments18.84M18.38M30.02M12.92M
CashAndCashEquivalents18.84M18.38M30.02M12.92M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow7.20M-408.00K-31.75M-87.66M
RepurchaseOfCapitalStock0.000.00
RepaymentOfDebt-348.73M-300.94M-29.05M-8.19M
IssuanceOfDebt347.80M268.36M63.01M0.00
IssuanceOfCapitalStock0.0020.40M20.09M104.21M
CapitalExpenditure-11.26M-10.49M-17.45M-31.98M
InterestPaidSupplementalData6.55M8.76M4.44M2.74M
IncomeTaxPaidSupplementalData112.00K6.00K3.00K2.92M
EndCashPosition18.84M18.38M30.02M12.92M
BeginningCashPosition18.38M30.02M12.92M7.44M
ChangesInCash462.00K-11.64M17.11M5.48M
FinancingCashFlow-6.79M-11.23M48.86M90.98M
CashFlowFromContinuingFinancingActivities-6.79M-11.23M48.86M90.98M
NetOtherFinancingCharges-8.36M-1.36M-6.99M-5.04M
ProceedsFromStockOptionExercised2.50M2.31M1.80M0.00
CashDividendsPaid-2.92M
CommonStockDividendPaid-2.92M
NetCommonStockIssuance0.0020.40M20.09M104.21M
CommonStockPayments0.000.00
CommonStockIssuance0.0020.40M20.09M104.21M
NetIssuancePaymentsOfDebt-931.00K-32.58M33.96M-8.19M
NetShortTermDebtIssuance0.000.00
ShortTermDebtPayments0.000.00
NetLongTermDebtIssuance-931.00K-32.58M33.96M-8.19M
LongTermDebtPayments-348.73M-300.94M-29.05M-8.19M
LongTermDebtIssuance347.80M268.36M63.01M0.00
InvestingCashFlow-11.21M-10.49M-17.45M-29.82M
CashFlowFromContinuingInvestingActivities-11.21M-10.49M-17.45M-29.82M
NetIntangiblesPurchaseAndSale-3.32M-1.87M-400.00K-1.22M
PurchaseOfIntangibles-3.32M-1.87M-400.00K-1.22M
NetPPEPurchaseAndSale-7.89M-8.62M-17.05M-28.60M
SaleOfPPE55.00K0.000.002.16M
PurchaseOfPPE-7.94M-8.62M-17.05M-30.76M
OperatingCashFlow18.46M10.08M-14.30M-55.68M
CashFlowFromContinuingOperatingActivities18.46M10.08M-14.30M-55.68M
ChangeInWorkingCapital-7.21M-3.11M-17.30M-34.15M
ChangeInOtherWorkingCapital-8.24M19.15M-12.75M-19.61M
ChangeInPayablesAndAccruedExpense-10.39M21.27M20.98M-6.48M
ChangeInAccruedExpense-569.00K
ChangeInPayable20.98M-5.91M
ChangeInAccountPayable20.98M-5.91M
ChangeInPrepaidAssets-9.60M-8.22M-4.71M5.10M
ChangeInInventory805.00K-1.94M-9.22M-3.77M
ChangeInReceivables20.20M-33.37M-11.60M-9.39M
ChangesInAccountReceivables-33.37M-9.96M-9.39M
OtherNonCashItems1.68M1.75M93.00K-11.94M
StockBasedCompensation8.17M6.86M8.61M12.53M
ProvisionandWriteOffofAssets203.00K38.00K1.64M0.00
AssetImpairmentCharge0.001.26M0.0013.44M
DeferredTax-496.00K-560.00K244.00K-7.06M
DeferredIncomeTax-496.00K-560.00K244.00K-7.06M
DepreciationAmortizationDepletion18.69M28.93M28.19M27.37M
DepreciationAndAmortization18.69M28.93M28.19M27.37M
OperatingGainsLosses-55.00K6.86M1.10M4.07M
PensionAndEmployeeBenefitExpense6.86M8.61M12.53M
GainLossOnSaleOfPPE-55.00K0.00-3.00K-2.01M
NetIncomeFromContinuingOperations-2.52M-25.09M-36.87M-47.40M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SKYT
Date User Asset Broker Type Position Size Entry Price Patterns