Overview
Adjusted net income and EBITDA for Q3 beat analyst estimates
Outlook
SkyWater expects Q4 consolidated revenue between $155 mln and $165 mln
Advanced Packaging tool installations in Florida scheduled for completion in early-2026
Result Drivers
QUANTUM COMPUTING - Record revenues from quantum computing customers, with four new customer engagements boosting ATS revenues
TEXAS OPERATIONS - First full quarter of Texas operations exceeded revenue and profitability expectations, driven by higher wafer production levels
AEROSPACE AND DEFENSE - Acceleration in program timing led to stronger ATS development revenues in aerospace and defense markets
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted Net Income | Beat | $11.5 mln | -$8.36 mln (5 Analysts) |
Q3 Net Income | $110.80 mln | ||
Q3 Adjusted EBITDA | Beat | $25.80 mln | $11.20 mln (2 Analysts) |
Q3 Adjusted Gross Profit | $37.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Skywater Technology Inc is $15.00, about 4.3% above its November 4 closing price of $14.36
Press Release: ID:nBw2THvLXa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)