Exhibit 99.1 SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2025 Results Record revenues and 29% year-over-year growth for fiscal year 2025 reflect acquisition of Fab 25 and strong momentum in quantum computing BLOOMINGTON, Minn., – February 25, 2026 – SkyWater Technology, Inc. (NASDAQ: SKYT) today announced financial results for the fourth quarter and full fiscal year 2025 ended December 28, 2025. Previously Announced Agreement to Acquire SkyWater Technology: On January 26, 2026, IonQ (NYS ...

IonQ Inc. (NYSE:IONQ) on Monday landed a defense contract win, which comes days before a pivotal earnings report and weeks after a short seller tried to cut the stock in half.The contract falls under the Missile Defense Agency’s SHIELD program, which is the procurement framework behind President Trump’s Golden Dome initiative.The total ceiling is $151 billion, but IonQ is one of more than 2,400 companies now eligible to compete for future task orders. IonQ builds quantum computers and sells access to them t ...

Core Viewpoint - SkyWater Technology has appointed Christine Dunbar as senior vice president of sales and solutions engineering to enhance customer acquisition and growth across its core platforms [1] Company Developments - Christine Dunbar will report directly to President and COO John Sakamoto in her new role [1] - The appointment comes as SkyWater aims to build on its commercial momentum in the semiconductor foundry market [1]

Core Viewpoint - SkyWater Technology, the largest U.S.-based pure-play semiconductor foundry, will report its fiscal fourth quarter and full-year 2025 financial results on February 25, 2026, after market close [1] Company Information - SkyWater Technology is recognized as the largest U.S.-based pure-play semiconductor foundry [1] - The company is currently undergoing a pending acquisition by IonQ, which will affect its earnings webcast plans [1]

Company Overview - SkyWater Technology, Inc. (SKYT) experienced a stock decline of 1.34% to $29.93, underperforming the S&P 500 which fell by 0.33% [1] - Over the past month, the company's stock has increased by 0.4%, outperforming the Computer and Technology sector's decline of 1.09% and the S&P 500's flat performance [1] Upcoming Financial Results - SkyWater Technology is set to announce its earnings on February 25, 2026, with an expected loss of -$0.01 per share, reflecting a year-over-year decline of 125% [2] - The consensus estimate for revenue is projected at $160 million, indicating a significant growth of 111.95% compared to the same quarter last year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of $0.05 per share and revenue of $431.05 million, representing changes of -16.67% and +25.94% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for SkyWater Technology reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance and profit potential [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong historical performance, with 1 rated stocks delivering an average annual return of +25% since 1988 [6] - SkyWater Technology currently holds a Zacks Rank of 3 (Hold), with no changes in the consensus EPS projection over the past 30 days [6] Industry Context - The Electronics - Semiconductors industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 60, placing it in the top 25% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Quantum Technology - IonQ announced an $1.8 billion acquisition of SkyWater Technology to accelerate its roadmap towards fault-tolerant quantum computing, with plans to start functionality testing of 200,000 qubit QPUs by 2028 [6][8] - A Chinese research team discovered new principles in quantum systems using the 78-qubit superconducting quantum processor "Zhuangzi No. 2," which enhances the application of quantum computing in fields like financial modeling and drug development [7][9] Biomanufacturing - Kangnuo Biopharmaceutical submitted an application for listing on the Hong Kong Stock Exchange, focusing on mitochondrial medicine and NAD+ applications, with projected revenues of 303 million yuan in 2023 [10][11] - Guangdong Province released an action plan aiming for a 40% self-sufficiency rate in core strains of biomanufacturing by 2027, with a total output value exceeding 500 billion yuan [11] Hydrogen Energy and Nuclear Fusion - Sichuan Fusion New Energy Industry Investment Development Co., Ltd. officially commenced operations, supporting the construction of China's first internationally recognized fusion city [13] - CIMC Anrui announced the successful launch of China's first IV-type hydrogen gas bundle container, marking a significant advancement in domestic hydrogen storage and transportation technology [14] - Mingyang Electric and global leaders in hydrogen equipment established Guangdong Mingnuo Hydrogen Technology Co., focusing on high-end hydrogen equipment production [15] Brain-Computer Interface - Neuralink reported 21 participants in its human trials, with plans to enhance device performance by three times and introduce "blindsight" technology for the visually impaired by late 2026 [23][24] - The National Medical Products Administration in China is advancing the establishment of industry standards for brain-computer interface medical devices [28] Embodied Intelligence - Ant Group's Lingbo Technology open-sourced the LingBot-Depth model, significantly lowering development barriers in the industry and enhancing its competitive edge [31][32] 6G and Commercial Aerospace - CASIC successfully conducted a 120 Gbps laser communication experiment, doubling the previous rate and laying the groundwork for high-speed data transmission in commercial aerospace [33][34] - China plans to expand its "Space+" future industries, focusing on space infrastructure, resource development, and space tourism [36] Future Industry Catalysts - Key milestones for future industries in 2026 include significant events in quantum technology, biomanufacturing, hydrogen energy, brain-computer interfaces, embodied intelligence, and 6G [37][38]

Core Viewpoint - Halper Sadeh LLC is investigating several companies for potential violations of federal securities laws and breaches of fiduciary duties to shareholders related to their sales transactions [1][2]. Group 1: Company Investigations - Stellar Bancorp, Inc. is being investigated regarding its sale to Prosperity Bancshares, Inc. for 0.3803 shares of Prosperity common stock and $11.36 in cash for each share of Stellar common stock [1]. - Gold Resource Corporation's sale to Goldgroup Mining Inc. involves an exchange of 1.4476 common shares of Goldgroup for each share of Gold Resource common stock [2]. - SkyWater Technology, Inc. is under scrutiny for its sale to IonQ, which includes $15.00 in cash and $20.00 in shares of IonQ common stock for each share of SkyWater [2]. Group 2: Legal Rights and Options - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief on behalf of shareholders [3]. - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [4].

Core Viewpoint - SkyWater Technology, Inc. (SKYT) is undergoing an acquisition by IonQ, valuing the company at $35 per share, approximately $1.88 billion, leading to recent downgrades from analysts [1][2]. Company Overview - SkyWater Technology, Inc. is a U.S.-based pure-play semiconductor foundry that provides design, development, and manufacturing services for chips across various sectors including aerospace, defense, automotive, and industrial markets [3]. - The company emphasizes secure domestic production and has advanced fabrication capabilities, along with strategic partnerships aimed at strengthening the U.S. semiconductor supply chain [3]. Analyst Actions - TD Cowen downgraded SKYT from Buy to Hold while raising its price target to $35 from $24 following the acquisition announcement [1][2]. - Craig-Hallum also downgraded SKYT from Buy to Hold, maintaining a price target of $35, and expressed confidence that the acquisition deal is likely to be completed without significant issues from other quantum customers [2].

Core Viewpoint - IonQ is acquiring SkyWater Technology for $1.8 billion to create a vertically integrated U.S.-based quantum computing and semiconductor manufacturing platform, emphasizing the importance of security and domestic supply chain considerations in quantum technologies [2][5][10]. Acquisition Details - The acquisition is valued at $1.8 billion, structured as a mix of cash and stock, and will make SkyWater a wholly owned subsidiary while maintaining its operations as a merchant foundry [5][16]. - SkyWater will continue to serve existing and new customers without changes to customer access or intellectual property protections [11][16]. Strategic Rationale - The deal aims to accelerate IonQ's quantum roadmap by vertically integrating U.S. manufacturing, which is expected to significantly reduce development cycle times, such as cutting the design-to-sample time for a 256-qubit chip from nine months to two months [4][6]. - IonQ anticipates being able to functionally test the first 200,000-qubit chip samples by 2028 and may advance the timeline for a 2 million-qubit chip by up to a year [7][16]. Integration and Operations - Post-acquisition, SkyWater will retain its name and CEO, with a phased integration plan focused on continuity for existing customers and deeper technical integration [3][12]. - The integration will leverage SkyWater's capabilities as a Category 1A Trusted Foundry, which is crucial for IonQ's federal business and aligns with the security-sensitive nature of quantum computing [9][10]. Company Background - SkyWater Technology is a U.S.-based specialty semiconductor foundry that focuses on high-reliability integrated circuits and serves various sectors including aerospace, defense, automotive, and medical [15][17].

Core Insights - IonQ has established itself in the quantum computing sector by developing one of the most accurate systems, achieving 99.99% two-qubit gate fidelity [1] - The company is pursuing vertical integration to enhance scalability and control over the quantum ecosystem through strategic acquisitions [2] Company Strategy - IonQ has made significant acquisitions, including Oxford Ionics for reducing quantum computer size, LightSynq for photonic interconnect technology, Capella for satellite-based distribution, and Vector Atomic for quantum sensing technology [4] - The latest acquisition of SkyWater Technology allows IonQ to manufacture its own chips, making it the only vertically integrated quantum computing company [5] Industry Context - Most semiconductor companies operate on a fabless model, relying on third-party foundries, but vertical integration is advantageous in the emerging quantum computing field [6] - With SkyWater's fabs located in the U.S. and its trusted status with the government, IonQ is positioned to secure government contracts in quantum computing, which is a promising revenue source [8]