SkyWater Technology Reports Strong Q4 2024 Earnings Results

SkyWater Technology shows promising growth with strong Q4 results. The company reported a total revenue of $75 million, driven by successful ATS and wafer services business, alongside a significant acquisition plan.

Date: 26-02-2025

AI Rating: 7

Earnings Per Share (EPS): SkyWater's Q4 EPS stood at $0.04, exceeding guidance and indicating profitability in a challenging semiconductor market.

Revenue Growth: The overall revenue for the fiscal 2024 reached a record $342 million, marking a 19% increase compared to fiscal 2023. Specifically, the ATS business grew by 13%, contributing to revenue growth despite weakness in wafer services.

Profit Margins: The reported gross margin for Q4 was nearly 27%, surpassing the high end of guidance and reflecting effective cost management and favorable market conditions for ATS. The full year gross margin improved to 21% in 2024.

These strong earnings and positive growth forecasts for SkyWater could significantly influence market perceptions and investor sentiment. The anticipated acquisition of Fab 25 is expected to enhance their competitive positioning in the foundry services market and could lead to additional revenue streams, thus further boosting investor confidence.

Stocks: SKYT