SkyWater Technology (NASDAQ:SKYT) Announces Earnings Results, Beats Expectations By $0.10 EPS

SkyWater Technology (NASDAQ:SKYT) issued its quarterly earnings results on Wednesday. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.10, reports. The business had revenue of $75.49 million for the quarter, compared to analysts’ expectations of $74.25 million. SkyWater Technology had a negative net margin of 4.75% and a negative return on equity of 12.40%. SkyWater Technology updated its Q1 2025 guidance to -0.160–0.100 EPS.

SkyWater Technology Price Performance

SKYT stock opened at $9.13 on Friday. The stock has a market capitalization of $435.10 million, a PE ratio of -26.09 and a beta of 3.37. The company’s 50-day moving average is $11.50 and its 200-day moving average is $10.05. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78. SkyWater Technology has a 1 year low of $5.63 and a 1 year high of $19.00.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price target on shares of SkyWater Technology in a research report on Thursday.

Insider Transactions at SkyWater Technology

In related news, Director Loren A. Unterseher sold 7,761 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $9.27, for a total value of $71,944.47. Following the transaction, the director now owns 12,806,264 shares of the company’s stock, valued at approximately $118,714,067.28. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 42.55% of the company’s stock.

SkyWater Technology Company Profile

SkyWater Technology, Inc, together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of 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; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits.