SkyWater (NasdaqCM:SKYT) FY Conference January 14, 2026 01:30 PM ET Company ParticipantsSteve Manko - CFOThomas Sonderman - CEOConference Call ParticipantsQuinn Bolton - Semiconductor AnalystQuinn BoltonWe'll go ahead and get started. Good afternoon, everybody. Welcome to the second day of Needham's 20th Annual Growth Conference. My name is Quinn Bolton. I'm the Semiconductor Analyst for Needham & Company. It's my pleasure to host this fireside chat with SkyWater Technology. The company is the largest exclu ...

Q3 2025 Financial Performance - SkyWater achieved record Q3 2025 revenues of $150.7 million, exceeding the high end of the guidance range by over $9 million[7] - GAAP gross profit reached $36.2 million with a gross margin of 240%[125] - Adjusted EBITDA was $25.8 million, significantly surpassing forecasts[128] - Net income was $144 million, representing 95.5% of total revenue[128] Q4 2025 Guidance - The company expects Q4 2025 total revenues to be in the range of $155 million to $165 million[55] - SkyWater Texas revenue is projected to be between $84 million and $88 million[55] - Tools revenue is expected to be $17 million to $18 million, with a revised full-year expectation of $23 million to $24 million[55] - Adjusted EBITDA is guided to be in the range of $16 million to $22 million, with an adjusted EBITDA margin between 12.2% and 16.8%[146] Business Highlights and Growth Drivers - SkyWater anticipates strong growth in quantum computing customer revenues, expecting to exceed 30% in 2025[12] - The acquisition of Fab 25 in Texas has led to higher-than-expected revenue and profitability, with SkyWater now operating as two distinct reportable segments[12] - Advanced Packaging revenues are starting to ramp in Florida, with tool installations scheduled for completion in early 2026[12] - The company's acquisition added approximately 400,000 wafer/year capacity to the 200mm U S foundry supply base[29]

Group 1 - Honeywell plans a confidential filing with the SEC to take its quantum-computing business, Quantinuum, public [1]

Core Viewpoint - Honeywell International Inc. is advancing its quantum subsidiary, Quantinuum, towards a potential IPO while also launching an AI retail initiative in collaboration with Google Cloud [1][2]. IPO Plans - Quantinuum intends to confidentially file a draft registration statement for an IPO, but specific share count and price range have not been disclosed [2]. - The IPO offering will be contingent on market conditions and the SEC's review process [2]. - Honeywell's stock (HON) has increased over 3% in the past year, and investors can gain exposure through the Themes Transatlantic Defense ETF [2]. Pact With Google Cloud - Honeywell has launched an AI-powered retail solution, the Smart Shopping Platform, in partnership with Google Cloud and 66degrees [4]. - The platform integrates digital data with physical stores to enhance the in-store shopping experience [4]. - It assists shoppers in locating products, comparing alternatives, and finding substitutes, utilizing Google Gemini and Vertex AI for real-time information and personalized recommendations [5]. Business Context - Honeywell operates in aerospace, automation, and building technologies, serving a global industrial and commercial customer base [6]. - The company's stock was reported at $212.99, reflecting a 1.29% increase at the time of publication [6].

Core Insights - D-Wave Quantum (QBTS) is experiencing increased adoption of its quantum computing solutions, as evidenced by several new and renewed customer agreements across various industries during Q3 2025 [1][8] Group 1: Customer Agreements and Industry Engagements - D-Wave signed agreements with major players including a large U.S.-based international airline, SkyWater Technology, and Japan Tobacco's pharmaceutical division, indicating strong interest in quantum computing across aviation, semiconductors, and pharmaceuticals [1][2] - The company also entered into an agreement with Yapi Kredi, a leading Turkish bank, showcasing the relevance of quantum computing in financial services [2] - An engagement with Korea Quantum Computing was established to enhance D-Wave's presence in the Asia-Pacific region [2] - Collectively, these agreements contributed to $2.4 million in bookings for the third quarter [3][8] - A significant EUR 10 million agreement was highlighted for deploying a D-Wave Advantage2 annealing quantum computer in Europe shortly after the third quarter [3] Group 2: Peer Updates - Quantum Computing Inc. (QUBT) announced a purchase order from a top 5 U.S. bank for its quantum security solutions, marking a milestone for its platform [4] - Rigetti Computing (RGTI) formed strategic collaborations to advance quantum networking and integrate its QPUs with AI supercomputing environments [5] Group 3: Stock Performance and Valuation - QBTS shares have increased by 509.3% over the past year, significantly outperforming the broader Internet Software industry's growth of 6.2% and the S&P 500's gain of 22.1% [6] - The current forward Price-to-Sales (P/S) ratio for QBTS is 234.36X, compared to the industry average of 5.55X, indicating a high valuation [9] Group 4: Earnings Estimates - The loss per share estimate for D-Wave has narrowed by 1 cent to 20 cents for 2025 over the past 30 days [10]

Core Viewpoint - Syntec Optics Holdings, Inc. is actively participating in the Optica Industry Summit to discuss advancements in optical technologies and the integration of macro and nano-scale manufacturing processes [1][2][4]. Company Overview - Syntec Optics is a leading provider of technology products across various sectors including defense, biomedical, communications, and consumer markets, headquartered in Rochester, NY [7]. - The company has over two decades of experience and operates a state-of-the-art facility with extensive capabilities in optics manufacturing [7]. - Recent product lines include optics for Low Earth Orbit (LEO) satellites, lightweight night vision goggles, biomedical optics, and data center optics for AI applications [7]. Industry Context - The upcoming Optica Industry Summit, co-hosted by Optica and Corning Inc., will take place on March 24-25, 2026, focusing on macro-scale optical products and the emergence of nano-scale solutions [2][3]. - The summit aims to address challenges in bridging macro-scale production with nano-scale precision, exploring established manufacturing methods and their adaptation for next-generation optical systems [4][5]. - Key topics will include the adoption barriers for novel optical technologies such as diffractive optical elements (DOEs), metamaterials, and micro-structured surfaces [5]. Leadership Engagement - The Chairman and CEO of Syntec Optics will present during the summit's session on "Manufacturing Across Scales," highlighting the company's role in shaping the future of optics [3]. - Previous engagements include a keynote address in 2024 on the future of optics and photonics, discussing the role of optics in next-generation technologies like Quantum Computing and AI [6].

Group 1 - Honeywell International's majority-owned quantum computing unit, Quantinuum, plans to file for an initial public offering (IPO), contributing to the increasing number of quantum computing stocks [3] - The timing for the Quantinuum IPO, the number of shares to be offered, and the price range for the proposed offering have not yet been disclosed [3] - UBS has identified IBM, Google, and IonQ as key players in the quantum computing sector, indicating growing interest from Wall Street firms [4] Group 2 - IonQ has achieved an 80-plus relative strength rating benchmark, highlighting its strong performance in the quantum computing market [6][8] - JPMorgan has suggested a 'winner-take-all scenario' may emerge in the quantum computing stocks, indicating potential competitive dynamics in the industry [6] - D-Wave is set to acquire Quantum Circuits in a deal valued at $550 million, further consolidating the quantum computing landscape [6]

Jan 14 (Reuters) - Industrial company Honeywell said on Wednesday it plans for its majority-owned ​quantum computing unit Quantinuum to confidentially file ‌draft initial public offering papers with the U.S. securities regulator. Quantinuum's ‌IPO plans come at a time when companies are exploring ways to develop and scale quantum capabilities to solve complex problems such as designing ⁠and manufacturing hydrogen ‌cell batteries for transportation. The number of shares to be offered and the price ‍range ...

Core Viewpoint - Honeywell plans for its majority-owned quantum computing unit, Quantinuum, to confidentially file draft IPO papers with the U.S. securities regulator [1] Company Summary - Honeywell's quantum computing unit, Quantinuum, is preparing for an initial public offering (IPO) [1]

Calgary, Alberta--(Newsfile Corp. - January 14, 2026) - SuperQ Quantum Computing Inc. (CSE: QBTQ) (OTCQB: QBTQF) (FSE: 25X) ("SuperQ Quantum", "SuperQ", or the "Company"), a leader in hybrid quantum-classical orchestration and advanced optimization platforms, today announced its strategic participation in two premier events. Dr. Muhammad Ali Khan, CEO and Board Chair, will represent the company at the AlphaNorth Capital Event in Nassau, Bahamas, followed by the Quantum Days 2026 conference in Victoria, B.C ...