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SkyWater Technology (SKYT)

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Earnings summaries and quarterly performance for SkyWater Technology.

Recent press releases and 8-K filings for SKYT.

SkyWater Technology Reports Q4 and Full Fiscal Year 2025 Results, Announces Acquisition by IonQ
SKYT
M&A
Earnings
Revenue Acceleration/Inflection
  • IonQ announced an agreement to acquire SkyWater Technology for $35.00 per share in a cash-and-stock transaction, which is expected to close in the second or third quarter of 2026.
  • SkyWater Technology reported record revenues of $442.1 million for fiscal year 2025, representing 29% year-over-year growth compared to fiscal 2024, primarily driven by the acquisition of Fab 25.
  • For fiscal year 2025, the company achieved net income attributable to shareholders of $118.9 million and diluted EPS of $2.44, a significant improvement from a net loss in the prior fiscal year.
  • Total consolidated revenue for the fourth quarter of 2025 increased 127% year-over-year to $171.0 million, with Fab 25 contributing $175.6 million in total revenue in the second half of fiscal 2025.
2 days ago
SkyWater Technology Reports Q4 and FY 2025 Results and Announces Acquisition by IonQ
SKYT
Earnings
M&A
Revenue Acceleration/Inflection
  • SkyWater Technology reported record revenues of $442.1 million for fiscal year 2025, representing 29% year-over-year growth, primarily driven by the acquisition of Fab 25.
  • For the fourth quarter of 2025, total consolidated revenue reached $171.0 million, a 127% increase compared to Q4 2024, though the company recorded a GAAP net loss to shareholders of $(7.8) million.
  • On January 26, 2026, IonQ announced its definitive agreement to acquire SkyWater Technology for $35.00 per share in a cash-and-stock transaction, with the closing anticipated in the second or third quarter of 2026.
  • The company's Texas operations (Fab 25) contributed $175.6 million in revenue during the second half of fiscal 2025, exceeding earlier expectations, and quantum-related Advanced Technology Services (ATS) revenues increased by over 30% in fiscal 2025.
2 days ago
SkyWater Technology to Announce Q4 and Full-Year 2025 Results
SKYT
Earnings
M&A
  • SkyWater Technology will report its fiscal fourth quarter and full-year 2025 financial results following the close of the market on Wednesday, February 25, 2026.
  • The company will not be hosting an earnings webcast due to the pending acquisition by IonQ.
  • SkyWater Technology is identified as the largest U.S.-based, pure-play semiconductor foundry.
Feb 11, 2026, 12:05 PM
SkyWater Technology Under Investigation Regarding Sale to IonQ
SKYT
M&A
Legal Proceedings
Takeover Bid
  • Halper Sadeh LLC is investigating SkyWater Technology, Inc. (NASDAQ: SKYT) for potential violations of federal securities laws and/or breaches of fiduciary duties to shareholders.
  • The investigation concerns SkyWater Technology's sale to IonQ.
  • The proposed transaction involves $15.00 in cash and $20.00 in shares of IonQ common stock per share.
  • Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief for shareholders.
Feb 9, 2026, 4:59 PM
Skywater Technology Merger Terms and Investigation
SKYT
M&A
Legal Proceedings
Takeover Bid
  • Monteverde & Associates PC is investigating the sale of Skywater Technology, Inc. (SKYT) to IonQ, Inc.
  • Under the terms of the proposed transaction, Skywater shareholders are expected to receive $15.00 per share in cash and $20.00 in shares of IonQ common stock.
Feb 4, 2026, 6:16 PM
Investigation Launched into SkyWater Technology's Sale to IonQ
SKYT
M&A
Legal Proceedings
Takeover Bid
  • Monteverde & Associates PC is investigating the sale of Skywater Technology, Inc. (NASDAQ: SKYT) to IonQ, Inc.
  • Under the terms of the proposed transaction, Skywater shareholders are expected to receive $15.00 per share in cash and $20.00 in shares of IonQ common stock.
  • Monteverde & Associates PC, recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report, recovers money for shareholders and is headquartered in the Empire State Building.
Feb 3, 2026, 3:33 PM
SkyWater Technology Under Investigation Following Acquisition Agreement
SKYT
M&A
Legal Proceedings
  • Brodsky & Smith is investigating SkyWater Technology, Inc. (SKYT) regarding its acquisition by IonQ.
  • Under the merger agreement, IonQ will acquire SkyWater for $35.00 per share in a cash-and-stock transaction, implying a total equity value of approximately $1.8 billion.
  • The investigation concerns whether SkyWater Technology's Board breached its fiduciary duties to shareholders, as the deal consideration is below the company's 52-week high of $36.27.
Feb 2, 2026, 10:09 PM
SkyWater Technology, Inc. Enters Merger Agreement
SKYT
M&A
Takeover Bid
  • SkyWater Technology, Inc. has entered into a Merger Agreement.
  • The Company's board of directors has unanimously approved the Merger Agreement and recommends its adoption by stockholders.
  • As of January 22, 2026, the company's capitalization included: | Metric | Q4 2025 (as of Jan 22, 2026) | |---|---| | Company Common Stock Outstanding (Shares) | 48,625,689 | | Company Options (Shares) | 2,136,305 | | Company RSU Awards (Shares) | 1,315,420 | | Company Director RSU Awards (Shares) | 91,424 | | Shares Reserved for ESPP (Shares) | 246,643 | | Additional Shares Reserved for Equity Incentive Plan (Shares) | 3,907,772 |
  • In the event of an "Antitrust Termination," the Parent company will purchase $100,000,000 in Investment Shares from SkyWater Technology, Inc., which serves as the sole remedy for the Company in such a scenario.
Jan 26, 2026, 10:00 PM
IonQ Announces Acquisition of SkyWater Technology
SKYT
M&A
New Projects/Investments
Jan 26, 2026, 1:30 PM
IonQ to Acquire SkyWater Technology
SKYT
M&A
  • IonQ, Inc. (NYSE: IONQ) intends to acquire 100% of SkyWater Technology, Inc. (NASDAQ: SKYT).
  • The acquisition is valued at an equity value of $1.8 billion, or $35.00 per share of SkyWater.
  • The consideration mix for the acquisition is $15.00 cash and $20.00 stock per share.
  • SkyWater will operate as a wholly-owned subsidiary of IonQ, with its current CEO remaining in place to lead the subsidiary.
  • The transaction is subject to SkyWater shareholder and regulatory approval, with an expected close in Q2 – Q3 2026.
Jan 26, 2026, 1:30 PM