# SkyWater Technology share price (SkyWater Technology, Inc., SKYT)

> SkyWater Technology, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SKYT · Technology · Semiconductors · data as of 30 July 2026. Page: https://www.sectoralpha.in/us/stocks/skyt

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## Key numbers

- Price: $32.46 (+269.7% in a year)
- P/E: 13.9× (higher than 75% of the last 10 months)
- Revenue (Jun 2026): $156 M (+164.8% on a year ago)
- Profit (Jun 2026): −$6.4 M
- Operating margin: 1.4% (+8.7 points on a year ago)
- ROE: 61%, FY25

Biggest thing to watch: the P/E is higher than 75% of its own history, so the multiple has already done part of the work. ## What is the SkyWater Technology share price? SkyWater Technology, Inc.'s share price was $32.46 at the close on 30 July 2026. That is 17.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between $9 and $39, and at that close it sat 78% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 3 weeks running. Over the last 1 year the share price moved +227% while the S&P 500 moved +20%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 10 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does SkyWater Technology pay? SkyWater Technology, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is SkyWater Technology on? SkyWater Technology is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is SkyWater Technology profitable? SkyWater Technology, Inc. posted a net loss of $6.4 M in the Jun 2026 quarter. Full-year FY25 profit was $119 M. That loss is 4.1% of the quarter's revenue. The same quarter a year earlier lost $10.0 M. 10 of the last 12 reported quarters were loss-making. ## How much revenue does SkyWater Technology make, and is it growing? SkyWater Technology, Inc. reported $156 M of revenue in the Jun 2026 quarter, +164.8% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 3 years it has grown 39.5% a year on average. The last full year, FY25, came in at $442 M. The last four reported quarters add to $639 M. FY25 revenue was $442 M, +29.2% on the year before. Recent pace: the last four quarters grew +128.6% on average, against 39.5% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +120.5%, against +40.5% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does SkyWater Technology keep? SkyWater Technology, Inc.'s operating margin was 1.4% in the Jun 2026 quarter, 8.7 percentage points higher than the same quarter a year ago. Across 5 years it has been between −36.7% and 1.9%. The latest quarter is within that range. Why the margin moved: operating margin changed +8.7 percentage points on the year while gross margin changed +4.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is SkyWater Technology's profit turning into cash? SkyWater Technology, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 its operations used $29.0 M of cash, against $119 M of profit. After $24.3 M of spending on assets, free cash was −$53.3 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does SkyWater Technology's cash go? SkyWater Technology, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $40.9 M on assets over the last 3 years. Averaged over those years that is 3.1% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $40.9 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is SkyWater Technology's P/E ratio, and how does it compare with its own history? SkyWater Technology, Inc.'s P/E is 13.9×, near the high end of its own history: higher than 75% of past readings. Its usual P/E (the middle reading) is 12.2×, over 10 months of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the SkyWater Technology business getting better or worse? SkyWater Technology, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does SkyWater Technology earn on its capital? SkyWater Technology, Inc. earned a ROE of 61% in FY25. That is up from a low of −85% in FY22. Its return on capital used (ROIC) is 21.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 26.9% net margin and 0.60× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 26.9% net margin × 0.60× asset turnover × 3.75× leverage (assets divided by equity) ≈ 60.5% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: −0.9% − 20.1% = −21.0 percentage points. The 20.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does SkyWater Technology have too much debt? SkyWater Technology, Inc. has total debt of $282 M against shareholder equity of $186 M as of Jun 2026, so its debt is 1.52× its equity. Year by year, that ratio went from 1.01 in FY22 to 1.28 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the SkyWater Technology shareholding pattern? 6.1% of SkyWater Technology, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 3.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is SkyWater Technology from balance-sheet trouble? For SkyWater Technology, Inc., the Z-score is 1.26. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 1.26 is inside the danger zone, so the balance sheet is a real risk. ## How does SkyWater Technology rank in its industry? There is no score against its industry: SkyWater Technology, Inc. is not among the largest members shown in this industry comparison for Semiconductors. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is SkyWater Technology compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to SkyWater Technology in size? SkyWater Technology is the 44th largest of 59 Semiconductors companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: nLIGHT, Inc., Himax Technologies, Inc. and ChipMOS TECHNOLOGIES INC. Just below it: Wolfspeed, Inc., Ambiq Micro, Inc. and Arteris, Inc. ### Semiconductors companies close in size

1. [nLIGHT, Inc.](https://www.sectoralpha.in/us/stocks/lasr) $2.1 billion
2. [Himax Technologies, Inc.](https://www.sectoralpha.in/us/stocks/himx) $1.9 billion
3. [ChipMOS TECHNOLOGIES INC.](https://www.sectoralpha.in/us/stocks/imos) $1.8 billion
4. SkyWater Technology, Inc. $1.6 billion
5. [Wolfspeed, Inc.](https://www.sectoralpha.in/us/stocks/wolf) $1.2 billion
6. [Ambiq Micro, Inc.](https://www.sectoralpha.in/us/stocks/ambq) $1.1 billion
7. [Arteris, Inc.](https://www.sectoralpha.in/us/stocks/aip) $916 million

[All 59 Semiconductors companies, largest first](https://www.sectoralpha.in/us/sectors/semiconductors#all-companies)

### Companies close in size in other industries

1. [Strategic Education, Inc.](https://www.sectoralpha.in/us/stocks/stra) $1.6 billion · Education & Training Services
2. [uniQure N.V.](https://www.sectoralpha.in/us/stocks/qure) $1.6 billion · Biotechnology
3. SkyWater Technology, Inc. $1.6 billion
4. [Teladoc Health, Inc.](https://www.sectoralpha.in/us/stocks/tdoc) $1.6 billion · Health Information Services
5. [Trump Media & Technology Group Corp.](https://www.sectoralpha.in/us/stocks/djt) $1.6 billion · Internet Content & Information

## What else do people ask about SkyWater Technology? ### What were SkyWater Technology's latest quarterly results? SkyWater Technology, Inc. reported revenue of $156 M and a net loss of $6.4 M for the Jun 2026 quarter. Earnings per share were −$0.13. The operating margin was 1.4%, 8.7 percentage points higher than a year earlier (as of 30 July 2026). ### What is SkyWater Technology's market cap? SkyWater Technology, Inc.'s market capitalisation is $1.6 B at a stock price of $32.46. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 30 July 2026). ### How is SkyWater Technology performing? SkyWater Technology, Inc.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 3 weeks running. This describes what the data did, not a rating (as of 30 July 2026). ### Will SkyWater Technology's stock price go up? This page does not forecast SkyWater Technology, Inc.'s stock price. What it shows instead: the stock price is $32.46. Its P/E of 13.9× is higher than 75% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 30 July 2026). ### Does SkyWater Technology have too much debt? Yes, SkyWater Technology, Inc. has a lot of debt: its debt is 1.27× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 30 July 2026). ### Where is SkyWater Technology in its business cycle? SkyWater Technology, Inc.'s FY25 operating margin was −0.6%, against a 5-year range of −36.7% to 1.9%: the middle of its own range, neither a peak nor a low. The latest quarter was 1.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 30 July 2026). ### What could break the SkyWater Technology story? Biggest thing to watch: the P/E is higher than 75% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 30 July 2026). ### Is SkyWater Technology a stock worth studying right now? What the numbers show: SkyWater Technology, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 30 July 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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