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 ...

Financial Performance - SkyWater's Q1 2025 total revenue was $61.3 million[55], a 23% decrease year-over-year[55] - Combined ATS and Wafer Services revenue was $60.1 million[55], a 16% decrease year-over-year[55] - Q1 2025 GAAP gross margin was 23.3%[57], a 700 basis points increase year-over-year[57] - Q1 2025 non-GAAP gross margin was 24.2%[57], a 733 basis points increase year-over-year[57] - Adjusted EBITDA was $4.0 million[59], an 18% decrease year-over-year[59] Revenue Breakdown - ATS development revenue was $52.5 million[55], a 14% decrease year-over-year[55] - Wafer Services revenue was $7.5 million[55], a 25% decrease year-over-year[55] - Tools revenue was $1.2 million[55], an 85% decrease year-over-year[55] Business Outlook - The company maintains its full-year revenue guidance range of 5% growth for combined ATS and Wafer Services[51] - Q2 2025 total revenues are expected to be in the range of $55 to $60 million[51] - The company expects Tools revenue for the full year to be approximately $30 million[66]

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 ...