SkyWater Technology Inc (SKYT)

Over the past six months, IonQ announced an agreement to acquire SkyWater for $1.8 billion, which was approved by SkyWater stockholders on May 8, 2026. SkyWater reported record revenues of $442.1 million for fiscal year 2025, a 29% increase, driven by the acquisition of Fab 25 and quantum computing momentum. In Q1 2026, sales increased significantly to US$160.69 million, but the company posted a net loss of US$12.31 million. The stock has experienced considerable volatility, with analysts holding a "Buy" consensus rating, though some project a decline in earnings and near-term unprofitability due to high debt and capital intensity.

The provided search results do not explicitly detail specific demand seasonality for SkyWater Technology, Inc.'s products and services. The company's diversification and involvement in government contracts suggest that demand might be influenced by various industry cycles and government spending rather than distinct seasonal patterns.

SkyWater Technology, Inc. operates in the Technology sector, specifically in the Semiconductors industry, providing foundational-node manufacturing, advanced technology development, and advanced packaging services. Its products and services include semiconductor chips, silicon wafers, mixed-signal CMOS, Read-Out Integrated Circuits (ROICs), radiation-hardened (rad-hard) ICs, Micro-Electro-Mechanical Systems (MEMS), superconducting ICs, photonics, carbon nanotubes, and interposers. SkyWater serves diverse markets, including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial, and IoT.

SkyWater Technology, Inc. is headquartered in Bloomington, Minnesota, U.S. The company's operational footprint is entirely within the United States, with fabrication and packaging facilities located in Bloomington, Minnesota; Osceola, Florida (with advanced packaging services in Kissimmee, Florida); and Austin, Texas. The Austin facility, known as Fab 25, was acquired from Infineon Technologies.

SkyWater Technology has maintained a strong brand reputation due to its status as a DMEA-accredited Category 1A Trusted Foundry/Supplier and its position as the only U.S.-owned pure-play silicon foundry. Positive events include strong momentum in quantum computing, the acquisition of Infineon's Fab 25, and collaboration with Efabless and Google on open-source chip manufacturing. However, the company backed out of plans for a manufacturing facility in West Lafayette, Indiana, due to funding shortages. The company has struggled to translate revenue growth into net income and is expected to remain unprofitable in the near term. The proposed acquisition by IonQ is under regulatory review, and there are investigations focusing on whether SkyWater's board fulfilled its fiduciary duties.

Institutional shareholders hold 50.86% of SkyWater Technology's stock, with major holders including Ameriprise Financial Inc, BlackRock, Inc., and Vanguard Group Inc. Insiders hold 184.92% of ownership, with Loren A. Unterseher being the largest individual shareholder. Private equity firms also have a substantial stake, with Oxbow Industries, LLC being a major shareholder. The general public holds approximately 24% to 27% of the company's shares.