Core Viewpoint - SkyWater Technology (SKYT) is expected to report second-quarter 2025 results on August 6, with anticipated revenues between $55 million and $60 million and a loss per share between 16 and 22 cents [1][8]. Revenue Expectations - The Zacks Consensus Estimate for second-quarter revenues is $57.3 million, reflecting a 38.6% decrease from the previous year [2]. - Advanced Technology Services (ATS) revenues are projected to be in the range of $49 million to $53 million, while Wafer Services revenues are expected to be between $5 million and $6 million [1][4]. Earnings Performance - The consensus estimate for loss is 17 cents per share, unchanged over the past 30 days, compared to earnings of 2 cents in the same quarter last year [2]. - SkyWater has consistently beaten earnings estimates in the past four quarters, with an average earnings surprise of 203.9% [2]. Market and Competitive Position - SkyWater shares have declined 36.4% year-to-date, underperforming the broader Zacks Computer and Technology sector, which has returned 9.1% [6]. - The company is trading below its 50-day and 200-day moving averages, indicating a bearish trend [10]. Product and Market Developments - The strong adoption of the ThermaView platform is expected to support Wafer Services, contributing significantly to revenues [4][8]. - The ATS segment is anticipated to face challenges due to budget delays and sluggish federal spending, but a recovery is expected in the second half of 2025 [5][18]. Strategic Acquisitions - The acquisition of Fab 25 is expected to enhance SkyWater's capabilities, adding approximately 400,000 wafer starts annually and generating immediate revenues supported by a four-year supply agreement valued at over $1 billion [19][18]. Future Growth Potential - SkyWater's prospects are bolstered by its strong portfolio and growing presence in the quantum computing market, with over 90% of revenues from advanced computing related to quantum technology development [17]. - The company aims to capture a significant share of the projected $9 billion global thermal imaging market by 2027, driven by the ThermaView platform [16].