earnings
confidence high
sentiment positive
materiality 0.85
SkyWater Q3 revenue $150.7M (+60.7% YoY); non-GAAP EPS $0.24 vs $0.08; guides Q4 rev $155-165M
SkyWater Technology, Inc
2025-Q3 EPS reported
$2.62
revenue$271,100,000
- Q3 total revenue $150.7M (record), up 60.7% YoY; GAAP net income $144.0M includes $110.8M bargain purchase gain.
- Non-GAAP net income $11.5M ($0.24 diluted EPS) vs $3.6M ($0.08) YoY; adjusted EBITDA $25.8M (17.1% margin).
- Four new quantum customers signed since Q2 (including SQC and QuamCore); expects >30% quantum revenue growth in FY2025.
- Texas Fab 25 first full quarter revenue $86.6M, exceeding expectations; contributed to gross margin expansion.
- Q4 guidance: total consolidated revenue $155-165M; non-GAAP diluted EPS $(0.08)-$0.04.