What is SkyWater Technology, Inc.'s R&D?

SkyWater Technology, Inc. (SKYT) reported R&D of $5M in Q1 2026.

How has SkyWater Technology, Inc.'s R&D changed year-over-year?

SkyWater Technology, Inc.'s R&D increased by 53.8% year-over-year, from $3.25M to $5M.

What is the long-term trend for SkyWater Technology, Inc.'s R&D?

Over 4 years (2021 to 2025), SkyWater Technology, Inc.'s R&D has grown at a 13.7% compound annual growth rate (CAGR), from $8.75M to $14.62M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

SkyWater Technology, Inc. SKYT R&D

R&D at other companies

Amkor TechnologyAMKR

$41.76M-8.5%

Sanmina CorpSANM

$7.99M+9.2%

Aehr Test SystemsAEHR

$3.17M+0.9%

TTM TechnologiesTTMI

$7.81M-3.2%

KLA CorporationKLAC

$388.76M+15.0%

ACM ResearchACMR

$36.55M+32.9%

Segments

By segment

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Legacy SkyWater$4.38M—

SkyWater Texas$622K—

Other financials

Income statement

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Revenue$160.7M+162%

Gross profit$32.2M+126%

Operating income-$5.3M-31.2%

Net income-$12.3M-67.6%

EPS (diluted)-$0.25-66.7%

Balance sheet

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Cash & equivalents$22.2M-56.6%

Total debt$231.1M+263%

Total equity$180.2M+237%

Total assets$732.9M+124%

Cash flow

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Operating cash flow$27.9M-50.1%

CapEx$9.1M-38.7%

Free cash flow$18.9M-54.2%

Valuation

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Market cap$1.72B+287%

Profitability

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Gross margin19.4%-2.5pp

Operating margin-0.7%-2.2pp

Net margin22.5%+20.4pp

FCF margin-14%—

Returns & leverage

See full

Return on equity104.2%+91.9pp

Debt / equity1.3×+0.1×

Current ratio0.5×-0.7×

Where this comes from

Reported directly by SkyWater Technology, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: SkyWater Technology, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SkyWater Technology, Inc.'s R&D?: SkyWater Technology, Inc. (SKYT) reported R&D of $5M in Q1 2026.
How has SkyWater Technology, Inc.'s R&D changed year-over-year?: SkyWater Technology, Inc.'s R&D increased by 53.8% year-over-year, from $3.25M to $5M.
What is the long-term trend for SkyWater Technology, Inc.'s R&D?: Over 4 years (2021 to 2025), SkyWater Technology, Inc.'s R&D has grown at a 13.7% compound annual growth rate (CAGR), from $8.75M to $14.62M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.