SkyWater Technology Inc. reported revenue of $150.7 million for the third quarter of 2025, an increase of 61% compared to $93.8 million in the same period of 2024. Net income attributable to SkyWater Technology Inc. was $144.0 million, up from $1.5 million in the third quarter of the previous year. Gross profit for the quarter was $17.3 million, with a gross margin of 19.9%. The company's research and development expenses rose by 27% to $4.4 million, and selling, general, and administrative expenses increased by 98% to $24.0 million. The results for the period included $86.6 million in Wafer Services revenue and a $110.8 million bargain purchase gain related to the acquisition of Fab 25, establishing SkyWater Texas. As of September 28, 2025, SkyWater held $30.9 million in cash and cash equivalents.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skywater Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001819974-25-000052), on November 12, 2025, and is solely responsible for the information contained therein.
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