Q1 Earnings MAY 7, 2025 ©2024 All Rights Reserved. Proprietary. 0 99 138 0 63 83 30 118 120 179 210 53 225 182 24 245 121 31 233 209 157 102 102 102 178 178 178 SkyWater Technology Forward-Looking Statements This presentation and the accompanying oral presentation, including answers to questions, contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements that are based on SkyWater Technology, Inc.'s ("SkyWater", the "Company", "we", ...

Financial Performance - Total revenue for Q1 2025 was $61.3 million, a decrease of 23% compared to Q1 2024[5] - ATS development revenue was $52.5 million, down 14% year-over-year, while Wafer Services revenue decreased by 25% to $7.5 million[5] - Gross profit increased to $14.3 million, representing a gross margin of 23.3%, up from 16.3% in Q1 2024[5] - The net loss to shareholders was $7.3 million, or $(0.15) per diluted share, compared to a net loss of $5.7 million, or $(0.12) per diluted share in Q1 2024[5] - Adjusted EBITDA for Q1 2025 was $4.0 million, with an adjusted EBITDA margin of 6.6%[9] - Total revenue for Q1 2025 was $61,296, a decrease of 18.8% from $75,487 in Q4 2024 and a decrease of 22.9% from $79,636 in Q1 2024[21] - Gross profit for Q1 2025 was $14,257, down from $19,297 in Q4 2024, but up from $12,980 in Q1 2024[21] - Net loss attributable to SkyWater Technology, Inc. for Q1 2025 was $7,345, compared to a net loss of $679 in Q4 2024 and a net loss of $5,729 in Q1 2024[21] - Non-GAAP net loss to shareholders remained unchanged at $(3.7) million, with a non-GAAP basic loss per share of $(0.08) in both Q1 2025 and Q1 2024[6] - The company reported a net loss margin of (12.0)% for the three-month period ended March 30, 2025, compared to (0.9)% in the previous quarter[37] - Net loss per common share for the three-month period ended March 30, 2025, was $(0.15) on a GAAP basis and $(0.08) on a non-GAAP basis[35] Revenue Projections - The company expects Q2 2025 total revenue to range between $55 million and $60 million, with diluted net loss per share projected between $(0.20) and $(0.26)[9] - The company anticipates year-over-year revenue growth in both ATS and Wafer Services if federal budget delays are resolved[3] Cash and Liabilities - Cash and cash equivalents increased to $51,234 at the end of Q1 2025, up from $18,844 at the end of Q4 2024[23] - Total current liabilities decreased to $127,324 in Q1 2025 from $154,327 in Q4 2024[21] - Long-term liabilities increased to $140,003 in Q1 2025 from $95,958 in Q4 2024[21] Operating Expenses - Operating income for Q1 2025 was a loss of $4,022, compared to an operating income of $2,653 in Q4 2024[21] - Research and development expenses for Q1 2025 were $3,249, down from $4,214 in Q4 2024[21] - GAAP selling, general, and administrative expenses increased to $15,030 thousand for the three-month period ended March 30, 2025, compared to $12,430 thousand in the previous quarter[33] - The company incurred transaction costs of $1,810 thousand in the three-month period ended March 30, 2025, related to anticipated acquisitions[39] Acquisition and Growth - Strong sequential growth in Wafer Services was driven by demand for the new ThermaView platform from leading defense customers[4] - The acquisition of Infineon's Fab 25 is progressing, supported by a $1 billion supply agreement, aimed at enhancing domestic foundry capacity[4] Share Information - The company reported a weighted average of 47,791 shares used in computing net loss per common share for Q1 2025[21] - The weighted-average common shares outstanding for the three-month period ended March 30, 2025, were 47,791 thousand[35]

SkyWater Technology, Inc. (SKYT) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sy ...

Core Viewpoint - SkyWater Technology (SKYT) is expected to report first-quarter 2025 results on May 7, with anticipated revenues between $59 million and $63 million, reflecting a 23.3% year-over-year decline [1][2]. Revenue Expectations - Total revenues for the first quarter are projected to be between $59 million and $63 million, including $1 million from tool revenues and $6 million from Wafer Services revenues [1]. - The Zacks Consensus Estimate for first-quarter 2025 revenues is $61.05 million [1]. Earnings Projections - Non-GAAP earnings are expected to be between 10-16 cents per share for the first quarter of 2025 [1]. - The consensus estimate for the bottom line indicates a loss of 13 cents per share, which is a wider loss compared to the year-ago quarter's loss of 8 cents [2]. Performance Drivers - SkyWater is anticipated to benefit from improved wafer services revenues due to product innovation and strategic conversions from Advanced Technology Services (ATS) to wafer services [3]. - The company is expected to gain from early traction with ThermaView solutions, supported by Raytheon Vision Systems, which positions SkyWater to meet growing demand in defense, industrial, and healthcare markets [4]. - The acquisition of Fab 25 is projected to add $300 million in annual wafer service revenues and significantly enhance domestic manufacturing capacity, contributing to stronger customer confidence and operational gains [5]. Challenges - Uncertainty regarding the U.S. federal government budget and ongoing negotiations may negatively impact SkyWater's performance, particularly affecting ATS revenues [6]. Earnings Model Insights - According to the Zacks model, SkyWater currently has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), indicating a lower likelihood of an earnings beat [7].

Company Overview - Skywater Technology (NASDAQ: SKYT) is a US-based foundry specializing in mature-node chip manufacturing for aerospace, defense, and industrial applications [1] Market Position - The company operates in a strategically important sub-segment of the chip market, highlighting its relevance in critical industries [1] Strategic Focus - The new administration's policies may influence the company's operations and market dynamics, although specific details are not provided [1]

Company Performance - SkyWater Technology, Inc. (SKYT) closed at $6.21, reflecting a +1.8% change from the previous day, outperforming the S&P 500's daily loss of 0.23% [1] - The stock has decreased by 25.97% over the past month, which is worse than the Computer and Technology sector's loss of 16.18% and the S&P 500's loss of 12.13% [1] Earnings Projections - The upcoming earnings disclosure projects an earnings per share (EPS) of -$0.13, indicating a 62.5% decrease from the same quarter last year [2] - Revenue is estimated to be $61.05 million, reflecting a 23.34% decrease compared to the same quarter of the previous year [2] Full Year Estimates - For the full year, the Zacks Consensus Estimates predict an EPS of -$0.07 and revenue of $309.2 million, showing changes of -216.67% and -9.66% from the previous year, respectively [3] - Recent changes to analyst estimates suggest a trend in business performance, with positive revisions indicating analyst optimism regarding the company's profitability [3] Zacks Rank and Industry Performance - SkyWater Technology, Inc. currently holds a Zacks Rank of 1 (Strong Buy), which has historically outperformed with an average annual gain of +25% since 1988 [5] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 65, placing it in the top 27% of over 250 industries [6]

Core Viewpoint - SkyWater Technology (SKYT) has experienced significant stock underperformance, losing 37.7% over the past 12 months, compared to the S&P 500's gain of 9.5% and the Zacks Electronics – Semiconductors industry's growth of 0.9% [1][2] Company Performance - The decline in SKYT's stock is linked to negative sentiment in the semiconductor sector, with concerns about the sustainability of the AI trend impacting investor confidence [2] - Wafer Services revenues fell by 56% to $26.9 million in 2024, primarily due to ongoing weakness in the automotive and industrial sectors [2] Strategic Initiatives - To improve its market position, the company is acquiring Infineon's Fab 25, a 200mm chip manufacturing facility in Austin, TX, which is expected to generate approximately $300 million in annual Wafer Services revenues [4] - SkyWater has launched ThermaView Solutions to penetrate the thermal imaging market, aiming for long-term revenue growth in its Wafer Services segment [5] - The product mix in Wafer Services is projected to shift from 90% legacy products and 10% new products in 2024 to 60% new products in 2025 [5] Competitive Landscape - SkyWater competes with major players like Tower Semiconductor, GlobalFoundries, and ON Semiconductor, which have seen stock declines of 3.2%, 32%, and 48.7% respectively over the past year [6] - The company differentiates itself by focusing on specialized, high-value chip production and benefits from being a Department of Defense-accredited foundry, allowing access to government contracts [7] Financial Guidance - For Q1 2025, SKYT anticipates a non-GAAP loss per share between 10-16 cents and revenues between $59-$63 million, reflecting a year-over-year revenue decline of 23.34% [8] Recent Performance - SKYT has outperformed Zacks Consensus Estimates for earnings in three of the last four quarters, with an average surprise of 179.29% [9] Long-term Outlook - Strategic moves like the acquisition of Fab 25 and the launch of ThermaView demonstrate the company's commitment to growth and innovation, positioning it favorably in the evolving semiconductor market [11] - Support from the CHIPS Act and partnerships with companies like Quantum-Si Incorporated and NanoDx further enhance its long-term potential [11] Investment Potential - SKYT holds a Zacks Rank 1 (Strong Buy) and a Growth Score of A, indicating a strong investment opportunity according to Zacks' methodology [12]

Company Performance - SkyWater Technology, Inc. (SKYT) closed at $7.85, reflecting a -0.25% change from the previous day, underperforming the S&P 500 which gained 0.08% [1] - The stock has decreased by 24.25% over the past month, compared to a 12.04% loss in the Computer and Technology sector and a 7.33% loss in the S&P 500 [1] Earnings Forecast - The upcoming earnings report is expected to show an EPS of -$0.13, indicating a 62.5% decline from the same quarter last year [2] - Revenue is projected at $61.05 million, down 23.34% from the prior-year quarter [2] - For the entire fiscal year, earnings are estimated at -$0.07 per share and revenue at $309.2 million, representing declines of -216.67% and -9.66% respectively from the previous year [3] Analyst Estimates - Recent changes in analyst estimates for SkyWater Technology indicate a shifting business landscape, with positive revisions suggesting increased confidence in the company's performance [4] - The Zacks Rank system, which reflects these estimate changes, currently rates SkyWater Technology as 1 (Strong Buy), indicating strong potential for stock performance [6] Industry Context - SkyWater Technology operates within the Electronics - Semiconductors industry, which is part of the Computer and Technology sector [7] - This industry holds a Zacks Industry Rank of 78, placing it in the top 32% of over 250 industries, suggesting a favorable position compared to lower-ranked industries [7]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR ☐ 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. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓↓↓ 2月28日消息，英飞凌与美国芯片代工企业 SkyWater宣布，双方已达成一项晶圆厂交易。SkyWater 将购 买英飞凌位于美国得克萨斯州奥斯汀的 8 英寸晶圆厂 Fab 25，两家企业还就此后的长期供应签署了协 议。 根据协议条款，SkyWater将接手运营Fab 25晶圆厂，专注于生产对工业、汽车和国防应用至关重要的 130纳米至65纳米基础芯片。此次收购不仅将大幅扩大SkyWater作为代工厂的规模，还将带来额外的功 能，包括65纳米基础设施、扩大的铜处理规模和高压双极-CMOS-DMOS（BCD）技术等。 长期供应协议确保了英飞凌在美国保持强大、高效且可扩展的制造足迹。这一合作将使SkyWater能够利 用Fab 25的成熟专业知识和生产能力，提升美国基础芯片的可用产能，支持关键行业的双重采购战略。 SkyWater首席执行官Thomas Sonderman表示："这一里程碑式的交易将显著增强我们在美国的晶圆代工 产能，预计还将增强基础芯片的供应链弹性，加强国家和经济安全。通过利用奥斯汀团队的 ...