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SKSKYT

SkyWater Technology, Inc.

$SKYT·$1.6B·Semiconductors·Technology
$32.460.0%YTD+71.2%1Y+163.9%
Mentions · last 7 days
2026-08-20: 0 posts2026-08-21: 0 posts2026-08-22: 0 posts2026-08-23: 0 posts30%
Price updated 2d ago·X counts updated 6d ago
SKSKYT
$SKYTSkyWater Technology, Inc.
$32.460.00%3 posts0%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Today's AI verdict on what's driving $SKYT, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Hinges on a big eventAcceleratingAI verdict · as of 2026-08-30

The move is getting stronger, with heavier trading behind it.

SkyWater +164% TTM — IonQ merger completed July 31, $2.3B combined cash + $600M expected 2026 SKYT revenue.

SkyWater Technology is a $1.6B specialty semiconductor foundry — merged with IonQ (completed July 31), creating a quantum-computing + foundry combination.

How it reads:

  • Growth is exceptional: Q1 revenue +162% YoY to $161M, Q4 was -36.7% (base-effect) — the reacceleration is real.
  • Margins are premium: 0.1% operating margin (TTM), -3.3% Q1 op margin, -4.4% FCF yield.
  • Valuation is stretched: 15x PE, 3.2x sales, 12.7x EV/EBITDA — priced on continued IonQ-combined thesis.
  • Position is stretched: 76th percentile 52w, 5.8% below 50-day, 15.8% above 200-day on baseline volume — post-merger consolidation.
  • The July 31 IonQ merger completion (Agreement dated January 25, 2026) is the specific structural transformation.
  • The specific catalyst stack: $2.3B combined cash balance, $600M expected 2026 SKYT revenue, capex-heavy foundry business folded into quantum play as potential re-rating catalyst.
  • D-Return insider events (Sonderman $13.6M, Sakamoto $3.37M, Manko $1.2M, Hilberg $1.4M) are ownership-conversion events from merger structure, NOT open-market distribution — read carefully.
  • California STRS raised position (Aug 14) plus BIP Wealth new shares (Aug 15) — institutional accumulation.
  • No next-earnings date visible.

Next quarterly disclosure (date TBD) — a specific merger-integration revenue disclosure plus reiterated 2026 $600M SKYT revenue extends the run; another quarter without meaningful re-rating drops to $22 support.

Agrees with X sentimentAgree — the bullish anchors (recently closed IonQ acquisition, integration progress including projected $2.3B combined cash balance and $600M expected 2026 SKYT revenue, potential rerating catalyst as capex-heavy foundry business is folded into the quantum play) map to real signals; the honest add is the D-Return insider events ($13.6M Sonderman, etc) are ownership-conversion from merger structure, not open-market discretionary distribution — read the transaction type carefully.

What to watch: Next quarterly disclosure (date TBD) — a specific merger-integration revenue disclosure plus reiterated 2026 $600M SKYT revenue extends the run; another quarter without meaningful re-rating drops to $22 support.

next earnings missing

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment6 posts analyzed · as of 2026-08-10

SkyWater Technology posts describe the recently closed IonQ acquisition, integration progress including a projected two point three billion dollar combined cash balance and six hundred million dollars in expected 2026 SKYT revenue, and a potential rerating catalyst as the capex heavy foundry business is folded into the quantum play. Sentiment across the small sample is broadly bullish.

Read the AI verdict + X sentiment for $SKYT

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

U.S.-based semiconductor foundry offering development and manufacturing of analog, power, MEMS, and rad-hard ICs for defense and biohealth.

Industry overviewAI analysisGenerated by AI from underlying data

Where Semiconductors sits in its cycle right now — and what that implies for $SKYT.

Semiconductors · Technology

No material change from last week — structural AI capex engine unchanged: hyperscaler Blackwell allocation stays tight through 2H26 and HBM3e pricing holds as LLM context-window expansion drives 5-8x per-server memory demand uplift.

What this means for $SKYT

Neutral — U.S.-based semiconductor foundry offering development and manufacturing of analog, power, MEMS, and rad-hard ICs for defense and biohealth; limited read-through from semiconductors macro dynamics to this specific revenue mix.

Top industry ETF

$SMHVanEck Semiconductor ETF
+56.0%YTD
+85.1%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
15.0How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
0.1%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
0.1%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-4.4%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
3.2Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
75.2%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
19.6%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
1.3Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 8, 2026$-0.14$-0.08-75.0%
Q4 2025Feb 25, 2026$-0.03$-0.01-200.0%
Q3 2025Nov 5, 2025$0.24$-0.17+239.5%
Q2 2025Aug 6, 2025$-0.11$-0.17+35.3%

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$160.7M+162.1%20.0%-3.3%$-0.25$18.9M
Q4 FY25$171.0M+126.6%15.8%0.9%$-0.16$-42.1M
Q3 FY25$150.7M+60.7%24.0%7.3%$2.98$-48.0M
Q2 FY25$59.1M-36.7%18.5%-11.0%$-0.21$-4.3M

Forward consensus

3-year forecast · up to 3 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$607.5M$605.9M – $608.4M-$0.33-$0.33 – -$0.333
FY27$635.0M$633.3M – $636.0M-$0.13-$0.13 – -$0.132
FY28$657.3M$655.5M – $658.3M-$0.50-$0.50 – -$0.501

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.—Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.76%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-5.8%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+15.8%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatLow float · 36.0M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.β3.275-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellMay 11Steve MankoCFO75.0K sh$2.6MSellApr 14Steve MankoCFO84.2K sh$2.6MSellMar 16Steve MankoCFO71.7K sh$2.0MSellMar 16Steve MankoCFO91.1K sh$2.5M
+ 30 other (12 returns · 12 awards · 3 inkinds · 2 exempts · 1 gift) in window

See when $SKYT insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KAgreement terminatedJul 318-K — Item 1.02: Agreement terminated · Item 2.01: Acquisition completed · Item 3.01: Listing / delisting notice · Item 3.03 · Item 5.01: Change in control · Item 5.02: Officer or director change · Item 5.03: Charter amendment
AI summary

SkyWater Technology, Inc. (SKYT) filed an 8-K confirming the completion of its merger with IonQ, Inc. on July 31, 2026, per the Agreement and Plan of Merger dated January 25, 2026. SkyWater merged with IonQ subsidiary Iris Merger Sub 1, then immediately merged into Iris Merger Sub 2 LLC, surviving as 'SkyWater Technology, LLC' — a wholly-owned IonQ subsidiary. At closing, SkyWater's existing revolving credit facility under its June 2025 Loan and Security Agreement was fully repaid and discharged. SkyWater is no longer an independent public company; IonQ has acquired a U.S.-based semiconductor foundry to accelerate quantum computing hardware manufacturing.

8-KShareholder voteJun 168-K — Item 5.07: Shareholder vote
AI summary

Skywater Technology, Inc. (SKYT) reported annual meeting vote results (Item 5.07) in an 8-K filed June 16, 2026. Body unavailable — excerpt contains only XBRL header and cover page without specific vote tallies.

8-KShareholder voteMay 88-K — Item 5.07: Shareholder vote
AI summary

SKYT held its Special Meeting of stockholders around 2026-05-08 (8-K Item 5.07). Routine governance event — monitor for unusually high withhold votes as an activist signal.

8-KOfficer or director changeMar 268-K — Item 5.02: Officer or director change
AI summary

SKYT disclosed a personnel change (8-K Item 5.02, dated 2026-03-26). An executive departure and a new appointment are both reported. Personnel changes are generally administrative; materiality depends on seniority and circumstances.

+ 26 other (8 425s · 3 13Gs · 3 proxys · 2 10-Qs) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

BIP Wealth LLC Purchases New Shares in SkyWater Technology, Inc. $SKYTdefenseworld.net·15d agoCalifornia State Teachers Retirement System Raises Stock Position in SkyWater Technology, Inc. $SKYTdefenseworld.net·16d agoD-Wave Spikes 11% on Nasdaq Verafin Deal, IonQ Gains 9% After SkyWater Buyout, Rigetti Rises 7%247wallst.com·27d agoFTC approves IonQ acquisition of SkyWater semiconductor ‍foundryreuters.com·30d agoSkyWater Technology (SKYT) Moves 6.2% Higher: Will This Strength Last?zacks.com·30d ago

In themes

Explore the broader themes this ticker is being talked about under.

Defense & DronesSemiconductor Onshoring

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Voices on X · last 7 days

No standout posts about $SKYT on X in the last 7 days.

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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