SkyWater Technology, Inc.
SkyWater Technology, Inc., together with its consolidated subsidiaries, is a U.S.-based, independent, pure-play semiconductor foundry providing foundational-node manufacturing, advanced technology development, and advanced packaging services through an integrated, multi-site operating model. We operate exclusively within the United States, with fabrication and packaging facilities in Minnesota,…
$32.46
+$0.00 (+0.00%)
Price from 77 days ago
The business is unprofitable at the operating level (-0.58% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 29.1%, still solid. Margins contracted 2.5pp, which offsets some of the top-line progress.
Free cash flow declined 607% versus the prior year, cash generation momentum has weakened. ROIC dropped from 4.84% to -0.71%, capital efficiency is deteriorating.
13.4x earnings. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$639M
▲ +29.1% YoY
Net Income (TTM)
$118M
▲ +1850.5% YoY
Op. Margin
0.71%
▼ -2.5pp YoY
ROIC
0.84%
▼ -5.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$95M
▼ -606.7% YoY
Op. Cash Flow (TTM)
-$70M
▼ -256.9% YoY
Net Debt
$269M
Cash & Equiv.
$13M
5Y CAGR: +25.8%
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SourceComputed from the 10-Q filed 30 Jul 2026, covering the period ending 28 Jun 2026, as reported to the SEC. Data last refreshed 18 Sept 2026. How this is calculated.
Price from market data, last close as of 7 Aug 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is SkyWater Technology (SKYT) overvalued?
At a P/E of 13.4, SkyWater Technology (SKYT)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, SkyWater Technology scores 39/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is SkyWater Technology a high-quality business?+
SkyWater Technology scores 39 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 0.7% operating margin and a 0.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is SkyWater Technology a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh SKYT's valuation and scores 39/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Semiconductors & Related Devices
Spot a number that looks wrong? Check it in SKYT's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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