SKYT
SkyWater Technology Inc

SkyWater Technology IncSKYT

Technology · Semiconductors
32.46USD
+0.00%
Sep 23, 2026
SKYT overview ready
U.S.-Based Specialty Foundry Enabling Trusted Semiconductor Manufacturing
SkyWater is a U.S.-based specialty semiconductor foundry and advanced-technology-services provider.
Strong narrative exposure
Exposed to the Semiconductor Supply Chain Localization narrative through Domestic Specialty Semiconductor Foundry Capacity — bottleneck supplier.
Price Action not measured
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Fundamentals under pressure
Free cash flow yield is weak.
Primary risk
Dependence on capital-intensive semiconductor manufacturing investments.
Market Aug 7Filing Jun 28Price action Sep 21Research Jul 17

Conviction Level

Theme Heat has no canonical measurement for this company — a research-profile dimension, not an input to this score.

NarrativeHeat8.7ThemeHeat—PriceAction—Valuation3.6CompanyPosition7.3
Price
Loading price history…

Price Action

Not enough price history for a trend read.

Key Financials

Market Cap
$1.6B
Avg Volume (60D)
597.4K
60 sessions
Revenue Growth YoY
+29.2%
FY2025 vs FY2024
Gross Margin
+20.2%
Trailing twelve months
Operating Margin
+0.7%
Trailing twelve months
Free Cash Flow Yield
-5.9%
P/E
13.6x
EV / EBITDA
27.4x
EV / Sales
2.6x
Market metrics as of Aug 7, 2026
Financial results for the period ended Jun 28, 2026
Filed balance-sheet data as of Jun 28, 2026

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
SkyWater Technology Inc has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
SkyWater is a U.S.-based specialty semiconductor foundry and advanced-technology-services provider.
Opportunity
Moderate opportunity
Policy support, defense-security requirements, and customer supply-chain diversification are driving investment in U.S.-based specialty semiconductor fabrication capacity for analog, mixed-signal, MEMS, radiation-tolerant, and other non-leading-edge devices.
Key risk
Dependence on capital-intensive semiconductor manufacturing investments.

Narrative & Theme

Semiconductor Supply Chain Localization
Part of Domestic Specialty Semiconductor Foundry Capacity, with strong fit.
SKYT has direct revenue exposure to a real domestic-semiconductor-capacity demand system, rather than merely general semiconductor or AI adjacency.
Narrative HeatHot8.7 / 10
Theme HeatUnavailable

Business & Markets

Technology · Semiconductors
What they do

SkyWater Technology provides semiconductor manufacturing services in the U.S. Through its Legacy SkyWater and SkyWater Texas segments, focusing on foundry, advanced technology, wafer manufacturing, and packaging services.

How it earns

The company generates revenue primarily through transactional manufacturing services and project-based contracts with semiconductor customers.

Products & services
Foundry services
Advanced technology services
Wafer manufacturing for analog, mixed-signal, MEMS, and specialty CMOS devices
Advanced semiconductor packaging
Customers & end markets
Quantum computing
Aerospace and defense
Automotive
Bio-health
Industrial
Market position

Niche player focused on specialized U.S.-based semiconductor manufacturing services.

Demand drivers
Medium cyclicality

Semiconductor manufacturing demand is influenced by broader technology cycles and capital expenditure trends.

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