SKYT

Company Overview — What Does SkyWater Technology, Inc Do?

SkyWater Technology, Inc., together with its subsidiaries, provides semiconductor development and manufacturing services. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, power discrete, microelectromechanical systems, and rad-hard integrated circuits. It serves customers operating in the computation, aerospace and defense, automotive and transportation, bio-health, consumer, and industrial/internet of things industries. The company was incorporated in 2017 and is headquartered in Bloomington, Minnesota. SkyWater Technology, Inc (SKYT) is classified as a small-cap stock in the Technology sector, specifically within the Electronic Equipment industry. The company is led by CEO Thomas J. Sonderman and employs approximately 590 people. With a market capitalization of $1.3B, SKYT is one of the notable companies in the Technology sector.

SkyWater Technology, Inc (SKYT) Stock Rating — Reduce (April 2026)

As of April 2026, SkyWater Technology, Inc receives a Reduce rating with a composite score of 37.0/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.SKYT ranks #2,683 out of 4,446 stocks in our coverage universe. Within the Technology sector, SkyWater Technology, Inc ranks #286 of 584 stocks, placing it in the upper half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

SKYT Stock Price and 52-Week Range

SkyWater Technology, Inc (SKYT) currently trades at $28.66. The stock gained $0.23 (0.8%) in the most recent trading session. The 52-week high for SKYT is $36.27, which means the stock is currently trading -21.0% from its annual peak. The 52-week low is $5.67, putting the stock 405.4% above its annual trough. Recent trading volume was 933K shares, suggesting relatively thin trading activity.

Is SKYT Overvalued or Undervalued? — Valuation Analysis

SkyWater Technology, Inc (SKYT) carries a value factor score of 44/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 10.15x, compared to the Technology sector average of 45.27x — a discount of 78%. The price-to-book ratio stands at 6.88x, versus the sector average of 3.16x. The price-to-sales ratio is 3.69x, compared to 1.06x for the average Technology stock. On an enterprise value basis, SKYT trades at 506.25x EV/EBITDA, versus 12.79x for the sector. The EV/EBIT multiple is 275892.94x.

Overall, SKYT's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

SkyWater Technology, Inc Profitability — ROE, Margins, and Quality Score

SkyWater Technology, Inc (SKYT) earns a quality factor score of 10/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 67.8%, compared to the Technology sector average of -1.4%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 18.1% versus the sector average of -1.0%.

On a margin basis, SkyWater Technology, Inc reports gross margins of 21.8%, compared to 50.9% for the sector. The operating margin is -1.8% (sector: -0.5%). Net profit margin stands at 18.5%, versus -1.5% for the average Technology stock. Revenue growth is running at 61.5% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

SKYT Debt, Balance Sheet, and Financial Health

SkyWater Technology, Inc has a debt-to-equity ratio of 20.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 0.60x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $39M. Cash and equivalents stand at $31M.

SKYT has a beta of 2.06, meaning it is more volatile than the broader market — a $10,000 investment in SKYT would be expected to move 106.4% more than the S&P 500 on any given day. The stability factor score for SkyWater Technology, Inc is 26/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

SkyWater Technology, Inc Revenue and Earnings History — Quarterly Trend

In TTM 2026, SkyWater Technology, Inc reported revenue of $365M and earnings per share (EPS) of $2.47. Net income for the quarter was $133M. Gross margin was 21.8%. Operating income came in at $2M.

In FY 2025, SkyWater Technology, Inc reported revenue of $442M and earnings per share (EPS) of $2.47. Net income for the quarter was $123M. Gross margin was 19.7%. Revenue grew 29.2% year-over-year compared to FY 2024. Operating income came in at $-3M.

In Q3 2025, SkyWater Technology, Inc reported revenue of $151M and earnings per share (EPS) of $2.98. Net income for the quarter was $145M. Gross margin was 24.0%. Revenue grew 60.7% year-over-year compared to Q3 2024. Operating income came in at $8M.

In Q2 2025, SkyWater Technology, Inc reported revenue of $59M and earnings per share (EPS) of $-0.21. Net income for the quarter was $-9M. Gross margin was 18.4%. Revenue grew -36.7% year-over-year compared to Q2 2024. Operating income came in at $-6M.

Over the past 8 quarters, SkyWater Technology, Inc has demonstrated a growth trajectory, with revenue expanding from $93M to $365M. Investors analyzing SKYT stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

SKYT Dividend Yield and Income Analysis

SkyWater Technology, Inc (SKYT) does not currently pay a dividend. This is common among smaller companies in the Electronic Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

SKYT Momentum and Technical Analysis Profile

SkyWater Technology, Inc (SKYT) has a momentum factor score of 75/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 22/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 38/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

SKYT vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, SkyWater Technology, Inc (SKYT) ranks #286 out of 584 stocks based on the Blank Capital composite score. This places SKYT in the upper half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing SKYT against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SKYT vs S&P 500 (SPY) comparison to assess how SkyWater Technology, Inc stacks up against the broader market across all factor dimensions.

SKYT Next Earnings Date

No upcoming earnings date has been announced for SkyWater Technology, Inc (SKYT) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy SKYT? — Investment Thesis Summary

The quantitative profile for SkyWater Technology, Inc suggests caution. The quality score of 10/100 flags below-average profitability. Price momentum is positive at 75/100, suggesting the trend favors buyers. High volatility (stability score 26/100) increases portfolio risk.

In summary, SkyWater Technology, Inc (SKYT) earns a Reduce rating with a composite score of 37.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SKYT stock.

Related Resources for SKYT Investors

Explore more research and tools: SKYT vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare SKYT head-to-head with peers: SKYT vs IHS, SKYT vs VRSN, SKYT vs ESE.