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SkyWater Technology, Inc. SKYT Combined ATS development and Wafer Services — Topic 606 Revenue

Other product segments

Wafer Services
$95.85M+1,173%
Time-and-materials and cost-plus-fixed-fee contracts
$27.93M-24.7%
Fixed price contracts
$27.01M+89.0%
Tools
$9.9M+702%

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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$1.8B+287%
Enterprise value$2.01B+332%
P/E14.8×
P/S3.3×+1.9×

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

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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:Revenues.

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 combined ATS development and wafer services — topic 606 revenue?
SkyWater Technology, Inc. (SKYT) reported combined ATS development and wafer services — topic 606 revenue of $150.78M in Q1 2026.
How has SkyWater Technology, Inc.'s combined ATS development and wafer services — topic 606 revenue changed year-over-year?
SkyWater Technology, Inc.'s combined ATS development and wafer services — topic 606 revenue increased by 151.0% year-over-year, from $60.06M to $150.78M.
What is the long-term trend for SkyWater Technology, Inc.'s combined ATS development and wafer services — topic 606 revenue?
Over 2 years (2022 to 2025), SkyWater Technology, Inc.'s combined ATS development and wafer services — topic 606 revenue has grown at a 39.8% compound annual growth rate (CAGR), from $211.4M to $413.28M.
What does combined ATS development and wafer services — topic 606 revenue mean?
This metric represents the total revenue recognized from core semiconductor foundry operations, including both advanced technology development services and high-volume wafer manufacturing. It captures the primary income stream generated from customer contracts for integrated circuit fabrication and collaborative process technology development. This figure serves as a key indicator of the company's operational scale and market demand for its specialized manufacturing services.