Core Insights - SkyWater Technology (SKYT) and Marvell Technology (MRVL) are significant players in the semiconductor industry, with SKYT focusing on specialty foundry services and MRVL on custom silicon solutions for data centers and AI infrastructure [1][2] Summary of SKYT - SkyWater Technology has been enhancing its business through new product development and strong execution, particularly in the Wafer Services segment, which has seen increased customer interest in thermal imaging and diagnostics [3][5] - The company is transitioning from legacy programs to new technology platforms, with the ThermaView platform contributing to business growth and the planned acquisition of Fab 25 in Austin expected to increase capacity and support sectors like electric vehicles and medical devices [4][6] - In Q1 2025, SkyWater reported revenues of $61.3 million, a 13% year-over-year increase, with a gross margin of 24.2% and over $4 million in adjusted EBITDA [5] - Advanced computing, primarily from quantum projects, now constitutes 10% of total revenues, with partnerships aiding expansion in this area [6] - The Zacks Consensus Estimate for SKYT's 2025 loss is 1 cent per share, with revenues projected at $307.15 million, indicating a 10.26% year-over-year decline [7] Summary of MRVL - Marvell Technology is experiencing strong momentum in its data center business, driven by rising demand for AI applications and innovations in custom silicon programs [8][11] - The company has seen recovery in traditional segments, although automotive and industrial revenues declined by 12% sequentially, and consumer revenues dropped by 29% sequentially in fiscal Q1 2026 [10] - In fiscal Q1, Marvell reported revenues of $1.90 billion, a 63% year-over-year increase, with the data center segment contributing 76% of total revenues and a non-GAAP gross margin of 59.8% [11] - The custom silicon business is growing rapidly, particularly in AI, but operates at lower gross margins, which may impact overall profitability [12] - The Zacks Consensus Estimate for MRVL's fiscal 2026 earnings is $2.79 per share, with revenues expected to reach $8.21 billion, reflecting a 42.43% year-over-year growth [13] Price Performance and Valuation - In the past month, MRVL shares increased by 7.4%, while SKYT shares decreased by 5.8%, suggesting potential upside for SKYT [14] - MRVL's forward 12-month P/S ratio is 6.61X, significantly higher than SKYT's 1.17X, indicating that SkyWater is relatively undervalued [17] - SKYT's Value Score of B suggests it is an attractive option for value investors, compared to MRVL's Value Score of D [17] Investment Outlook - SkyWater presents a stronger investment case for 2025, driven by new product adoption, expanding quantum partnerships, and the upcoming Fab 25 acquisition [19] - While Marvell benefits from AI-driven growth, its lower-margin custom silicon and segment softness may hinder profitability, making SkyWater a more compelling choice for long-term investors focused on value [20]

Core Insights - SkyWater Technology (SKYT) shares have increased by 22.6% in the past month, outperforming the Zacks Computer and Technology sector and the S&P 500 index, which returned 7.6% and 4.9% respectively [1][2] Strategic Developments - The stock's performance is largely due to SkyWater's acquisition of Infineon's Fab 25, a 200 millimetre foundry in Austin, TX, which is expected to close mid-year and enhance domestic semiconductor capacity [2][3] - The acquisition is supported by a four-year, over $1 billion supply deal, which will immediately increase revenues and cash flow, diversify revenues, and strengthen the company's role in U.S. semiconductor onshoring [3][4] Product Launch and Revenue Growth - SkyWater launched ThermaView Solutions in January 2025, aimed at high-performance thermal imaging applications, which has already driven a 70% sequential increase in Wafer Services revenues to $7.5 million in Q1 2025 [7][8] - Over half of Wafer Services' revenues in Q1 2025 came from new products, marking a significant shift from 2024 when 90% of revenues were from legacy products [8][10] Quantum Computing Advancements - SkyWater's partnership with D-Wave has led to significant advancements in quantum computing, with D-Wave achieving quantum supremacy, validating SkyWater's role in U.S.-based quantum innovation [11][12] - Quantum computing has become the second-largest end market for SkyWater, with over 90% of advanced compute revenues tied to quantum programs [13] Competitive Positioning - SkyWater differentiates itself from competitors like Tower Semiconductor, GlobalFoundries, and ON Semiconductor by focusing on specialized, high-value chip production and holding a Department of Defense accreditation [14][15] - The company's TaaS model supports early design-for-manufacturability and quality-focused production, allowing for rapid innovation [16] Financial Outlook - The Zacks Consensus Estimate for SKYT's 2025 loss is currently at 1 cent per share, indicating a year-over-year decline of 116.67%, with revenues estimated at $307.15 million, a decline of 10.26% [17] - SKYT has beaten the Zacks Consensus Estimate for earnings in three of the last four quarters, with an average surprise of 203.9% [18] Valuation Metrics - SKYT trades at a forward 12-month P/S ratio of 1.28X, significantly lower than the industry average of 7.90X, making it an attractive option for value investors [19] Investment Consideration - SkyWater's unique position as a U.S.-based, DoD-accredited foundry, along with strong momentum in its Wafer Services segment and critical role in quantum computing, presents a compelling long-term investment opportunity [21][22]

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Group 1 - SkyWater Technology, Inc. (SKYT) has reached a significant support level and is considered a good investment pick from a technical perspective [1] - SKYT recently broke through the 200-day moving average, indicating a long-term bullish trend [1][2] - Over the past four weeks, SKYT has gained 34.3%, and it is currently ranked a Zacks Rank 1 (Strong Buy), suggesting potential for further price increases [2] Group 2 - The bullish outlook for SKYT is reinforced by positive earnings estimate revisions, with 2 higher estimates compared to none lower for the current fiscal year [3] - The consensus earnings estimate for SKYT has also moved up, indicating positive sentiment among analysts [3] - Given the combination of earnings estimate revisions and positive technical indicators, SKYT may present further investment opportunities in the near future [3]

Core Viewpoint - SkyWater Technology, Inc. (SKYT) shows significant potential for upside, with a mean price target of $11 indicating a 35% upside from its current price of $8.15, following a 23.7% gain over the past four weeks [1]. Price Targets and Analyst Consensus - The average price targets from analysts range from a low of $8 to a high of $12, with a standard deviation of $1.73, indicating variability in estimates. The lowest estimate suggests a decline of 1.8%, while the highest points to a 47.2% upside [2]. - A low standard deviation among price targets suggests strong agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [9]. Earnings Estimates and Analyst Optimism - Analysts have shown growing optimism regarding SKYT's earnings prospects, as indicated by a positive trend in earnings estimate revisions. This trend has a strong correlation with near-term stock price movements [11]. - Over the last 30 days, two earnings estimates for SKYT have been revised upward, leading to a 20.8% increase in the Zacks Consensus Estimate [12]. Zacks Rank and Investment Potential - SKYT holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, which further supports its potential for upside [13].

Core Viewpoint - SkyWater Technology, Inc. (SKYT) has gained significant attention from investors, with a recent stock performance of +21.2% over the past month, outperforming the S&P 500 composite's +9% and the Zacks Electronics - Semiconductors industry's +26.3% [2] Earnings Estimates Revisions - SkyWater Technology is expected to report a loss of $0.08 per share for the current quarter, reflecting a year-over-year change of -500% [5] - The consensus earnings estimate for the current fiscal year is -$0.07, indicating a change of -216.7% from the previous year, with no changes in estimates over the last 30 days [5] - For the next fiscal year, the consensus earnings estimate is $0.23, showing a change of +421.4% from the prior year, with a slight increase of +2.2% in the last month [6] - The Zacks Rank for SkyWater Technology is 1 (Strong Buy), indicating a positive outlook based on earnings estimate revisions [7] Projected Revenue Growth - The consensus sales estimate for the current quarter is $57.3 million, representing a year-over-year decline of -38.6% [11] - For the current fiscal year, the revenue estimate is $307.15 million, indicating a change of -10.3%, while the next fiscal year's estimate of $374.15 million reflects a growth of +21.8% [11] Last Reported Results and Surprise History - In the last reported quarter, SkyWater Technology had revenues of $61.3 million, down -23% year-over-year, with an EPS of -$0.08, unchanged from the previous year [12] - The company reported a revenue surprise of +0.4% compared to the Zacks Consensus Estimate and an EPS surprise of +38.46% [12] - SkyWater Technology has consistently beaten consensus EPS estimates in the last four quarters and topped revenue estimates three times [13] Valuation - SkyWater Technology is graded B on the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [17] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued, fairly valued, or undervalued [15][16]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 30, 2025 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-40345 ______________________ SkyWater Technology, Inc. (Ex ...

Company Performance - SkyWater Technology, Inc. reported a quarterly loss of $0.08 per share, which was better than the Zacks Consensus Estimate of a loss of $0.13, representing an earnings surprise of 38.46% [1] - The company posted revenues of $61.3 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.40%, but down from $79.64 million year-over-year [2] - Over the last four quarters, SkyWater Technology has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Movement and Outlook - SkyWater Technology shares have declined approximately 47.5% since the beginning of the year, compared to a decline of 4.7% for the S&P 500 [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is -$0.08 on $69 million in revenues, and -$0.07 on $309.2 million in revenues for the current fiscal year [7] Industry Context - The Electronics - Semiconductors industry, to which SkyWater Technology belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact SkyWater Technology's stock performance [5][6]

SkyWater (SKYT) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Company Participants Claire McAdams - Investor RelationsThomas Sonderman - CEO & DirectorSteve Manko - CFORobert Mertens - Equity Research AssociateRobert Aguanno - Assistant Vice President Conference Call Participants Quinn Bolton - Senior AnalystRichard Shannon - Senior Research Analyst Operator Good afternoon, and welcome to Skywater Technologies First Quarter twenty twenty five Financial Results Conference Call. All participants are in a lis ...

SkyWater (SKYT) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Speaker0 Good afternoon, and welcome to Skywater Technologies First Quarter twenty twenty five Financial Results Conference Call. All participants are in a listen only mode. After the speakers' remarks, we will conduct a question and answer session. As a reminder, this conference call is being recorded. I would now like to turn the call over to Claire McAdams, Investor Relations for Skywater. Please go ahead. Speaker1 Thank you, operator. Good a ...