SkyWater (SKYT) Q2 Revenue Drops 37%
SkyWater Technology (NASDAQ:SKYT), a U.S.-based semiconductor manufacturer catering to defense, aerospace, and advanced computing sectors, reported financial results for Q2 2025 on August 6, 2025. The company’s GAAP revenue of $59.1 million slightly exceeded the analyst consensus of $57.5 million. Non-GAAP earnings per share (EPS) showed a loss of $(0.11), which was less negative than the $(0.18) analysts had anticipated. However, results reflected a steep year-over-year decline as the company continues to navigate lower demand for equipment tools and delayed government-funded projects. Management pointed to the recently closed Fab 25 acquisition on June 30, 2025, as a turning point for scale and future growth.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
SkyWater Technology is a U.S.-headquartered foundry providing semiconductor development and manufacturing under its Technology as a Service (TaaS) model. This approach helps customers in defense, aerospace, and bio-health transition their ideas from prototype to volume production within a secure, accredited facility. As a DMEA Category 1A Trusted foundry, SkyWater is a key partner for government clients requiring onshore, secure, and reliable chip supply.
Source Fool.com
