Mission Statement, Vision, & Core Values of SkyWater Technology, Inc. (SKYT)

You see SkyWater Technology, Inc. (SKYT) pushing record quarterly revenue of nearly $151 million in Q3 2025, plus they're defintely on track to exceed 30% growth in quantum computing-related Advanced Technology Services (ATS) revenue this fiscal year. That's real, tangible momentum, but in the volatile semiconductor space, the why-the Mission Statement, Vision, and Core Values-is what sustains those numbers over a cycle. Are these foundational principles strong enough to navigate a forecast that still shows a full-year 2025 analyst consensus EPS of around -$0.22, and how does their mission to 'Co-Create Possible' translate into a defensible moat against larger foundries?

SkyWater Technology, Inc. (SKYT) Overview

You're looking for a clear, no-nonsense assessment of SkyWater Technology, Inc. (SKYT), a company that's been making significant moves in the U.S. semiconductor landscape. The direct takeaway is this: SkyWater Technology is the largest exclusively U.S.-based, pure-play semiconductor foundry, and its aggressive expansion, particularly the Fab 25 acquisition, has fundamentally changed its financial profile, driving record Q3 2025 revenue.

SkyWater Technology, headquartered in Bloomington, Minnesota, was established in 2008 after acquiring assets from Cypress Semiconductor's Minnesota facility. It's a DMEA-accredited Category 1A Trusted Supplier, which is defintely a big deal in the defense and aerospace sectors. They don't just sell chips; they operate on a unique Technology as a Service (ATS) model, which is essentially co-developing process technology intellectual property with customers, streamlining the path from concept to high-volume production for complex, emerging technologies.

This model covers a diverse technology portfolio, including foundational nodes, advanced packaging, mixed-signal CMOS, and superconducting integrated circuits (ICs). SkyWater Technology's current sales reflect this strategic focus, with the third quarter of 2025 reporting total revenue of $150.7 million. That's a huge jump.

• Founded in 2008, U.S.-based pure-play foundry.
• Offers Technology as a Service (ATS) model.
• Specializes in advanced packaging and quantum computing.
• Q3 2025 revenue hit $150.7 million.

Q3 2025 Financial Performance: Acquisition-Driven Surge

Honestly, the third quarter of fiscal year 2025 was transformative for SkyWater Technology. The company reported a record-breaking total revenue of $150.7 million for the quarter ending September 28, 2025, representing a 61% increase year-over-year. Here's the quick math: a significant portion of that growth-$86.6 million-came from the newly acquired Fab 25 in Texas, now known as SkyWater Texas. That acquisition immediately quadrupled their manufacturing capacity.

The core business also showed strength in key growth areas. Revenues from multiple quantum computing customers hit a new quarterly record, and the company is on track to exceed 30% growth in its ATS revenues from quantum customers in fiscal 2025. This is where the Technology as a Service (ATS) model shines, bringing in $54.2 million in development revenue from the Legacy SkyWater segment in Q3 2025. Also, the company's GAAP net income was a massive $144 million, which included a $110.8 million bargain purchase gain related to the Fab 25 acquisition. Adjusted EBITDA rose 135% to $25.8 million, reflecting real operational improvements beyond the one-time gain.

SkyWater Technology as an Industry Leader

SkyWater Technology isn't just a foundry; it's a strategic asset for the U.S. semiconductor supply chain. It holds the title of the largest exclusively U.S.-based, pure-play semiconductor foundry. This U.S.-centric focus and its Trusted status make it the ideal manufacturing partner for federal defense programs and critical national infrastructure. They are securing America's silicon foundation.

The company is rapidly establishing itself as a leader in emerging technology markets, particularly quantum computing. They've signed four new ATS engagements with quantum computing companies since the second quarter of 2025, including with Silicon Quantum Computing (SQC) and QuamCore. This momentum solidifies their position as the 'foundry partner of choice' for multiple quantum computing technologies. If you want to dive deeper into how this foundational strategy translates into revenue and market position, you should find out more: SkyWater Technology, Inc. (SKYT): History, Ownership, Mission, How It Works & Makes Money

SkyWater Technology, Inc. (SKYT) Mission Statement

You're looking for the bedrock principles that guide a specialized semiconductor manufacturer like SkyWater Technology, Inc. (SKYT), especially as the U.S. supply chain conversation heats up. Their mission is not a single, static sentence; it's a three-pronged operational commitment that drives their unique Technology-as-a-Service (TaaS) model and maps directly to their financial strategy. This mission is about being a foundational enabler for America's most critical technologies, from defense to quantum computing.

The mission statement's significance lies in its direct link to long-term goals, which is why their financial results for the third quarter of 2025 exceeded expectations across all metrics. It's a clear roadmap for capital allocation and strategic partnerships. For instance, the acquisition of Fab 25 in Q2 2025, expected to contribute at least $300 million in annual revenue, directly serves the mission of strengthening domestic manufacturing.

Here's the quick math: their focus on high-margin, specialized work is paying off. In the third quarter of 2025, SkyWater Technology reported a GAAP gross profit of $36.2 million, representing a 24.0% gross margin on total revenue. That's a solid indicator that their mission-driven focus on advanced services is translating into better unit economics.

The company's core mission components can be distilled into three pillars: Enabling Innovation, Serving as a Trusted Technology Partner, and Strengthening U.S.-Based Manufacturing.

Enabling Innovation Through Advanced Technology Solutions

The first core component focuses on partnering with clients to bring innovative ideas to life through Advanced Technology Solutions (ATS). This is where SkyWater Technology acts as a co-creation partner, not just a pure-play foundry (a company that only manufactures chips designed by others). They use their TaaS model (Technology-as-a-Service) to streamline the path from concept to production, especially in emerging, high-risk fields.

This commitment to innovation is most evident in their work on next-generation computing. The company is on track to exceed 30% revenue growth in ATS from quantum customers in fiscal 2025. That's a defintely strong signal of their role in the future compute stack.

• Signed four new quantum customers since Q2 2025.
• Partnered with Silicon Quantum Computing (SQC) to advance hybrid quantum-classical computing.
• Launched the ThermaView℠ platform for read-out IC (ROIC) and microbolometer solutions.

This innovation focus is their competitive edge; they help customers develop unique solutions that require specialized processes like superconducting integrated circuits (ICs) and photonics. You can learn more about how this model works here: SkyWater Technology, Inc. (SKYT): History, Ownership, Mission, How It Works & Makes Money.

Serving as a Trusted Technology Partner

The second pillar is about security, reliability, and quality-critical factors for their target markets like aerospace, defense, and medical devices. Being a 'Trusted Technology Partner' means maintaining the highest standards and accreditations, which is non-negotiable when dealing with sensitive, mission-critical applications.

SkyWater Technology is a DMEA-accredited Category 1A Trusted Foundry, a designation that confirms their secure manufacturing processes for federal defense programs. This status is a direct reflection of their commitment to quality and security, which is paramount for their Department of Defense (DOD) work.

What this estimate hides is the sheer cost and rigor of maintaining these certifications, but the payoff is access to high-value, secure contracts. Their commitment to quality is supported by a comprehensive suite of certifications, which is not typical for every foundry, including:

• IATF16949 (Automotive Quality Management).
• AS9100 (Aerospace/Aviation Quality).
• ISO 13485 (Medical Device Quality).

Their trailing twelve months revenue, as of November 20, 2025, was approximately $346.59 million, demonstrating the scale of operations built on this foundation of trust.

Strengthening U.S.-Based Manufacturing

Finally, the company's mission is explicitly tied to strengthening the U.S. economy and supply chain resilience through domestic semiconductor manufacturing. This is a strategic response to geopolitical risks and the push for onshoring, which is supported by federal initiatives like the CHIPS Act.

The most concrete action in 2025 supporting this goal was the acquisition of Infineon's Fab 25 in Austin, Texas. This move significantly expands their domestic capacity. The facility is projected to contribute at least $300 million in annual revenue, starting in the third quarter of 2025. This investment directly addresses the urgent need for secure, U.S.-based semiconductor manufacturing, especially for foundational nodes.

This pillar is about more than just facilities; it's about technological independence. The company is leveraging a proposed $16 million CHIPS for America program award, combined with $19 million in incentives from the State of Minnesota's Forward Fund, to enhance production capabilities at its Minnesota facility. That's a clear action mapping near-term risks to a clear, federally-backed opportunity.

SkyWater Technology, Inc. (SKYT) Vision Statement

You're looking at SkyWater Technology, Inc. (SKYT) right now, trying to map their ambitious vision to the hard reality of a semiconductor market that is still volatile, but honestly, their strategy is clear. The direct takeaway is this: their vision, 'We improve the world by revolutionizing technology realization,' is less corporate fluff and more a precise roadmap for their unique Technology as a Service (TaaS) model, especially in high-growth, high-security sectors like quantum computing and aerospace.

The company is seeing tangible returns on this vision, evidenced by a record third quarter in 2025, posting a total revenue of $150.7 million. This growth is tightly coupled with their strategic focus on being a trusted, domestic pure-play foundry. It's not just about making chips; it's about co-creating them, which is a different business model entirely.

Revolutionizing Technology Realization: The TaaS Model

The core of SkyWater Technology's vision is the idea of 'revolutionizing technology realization.' This is their plain-English translation for their Technology as a Service (TaaS) model, which is their official mission: 'We co-create technology solutions that bring our customers' ideas to life through an ecosystem of agile development, trusted IP security and quality manufacturing services.' Think of TaaS as moving beyond the traditional foundry model where you just hand over a design and wait. Instead, SkyWater gets in the trenches with innovators.

This co-creation approach is what drives their Advanced Technology Services (ATS) revenue, which is the engine for their most cutting-edge work. The market is definitely responding. They are on track to exceed 30% revenue growth in their ATS revenues from quantum computing customers in fiscal 2025. That's a huge number, and it shows where the future revenue is coming from. The acquisition of the Texas operations (Fab 25) also delivered a significant upside, contributing $86.6 million in Wafer Services revenue in Q3 2025 alone. That one acquisition is set to nearly double their business scale, so this revolution is already well underway.

Improving the World: Focus on Quantum and Defense

The 'improving the world' part of the vision isn't just a feel-good statement; it maps directly to their market strategy in critical U.S. technology sectors. Their focus is on foundational nodes and heterogeneous integration solutions for areas like quantum computing, aerospace, and defense. This is where their 'trusted' status as a DMEA-accredited Category 1A Trusted Supplier really pays off.

The near-term opportunity here is massive. They signed four new quantum customer engagements since the second quarter of 2025, a clear sign that the market sees them as the foundry partner of choice for this emerging technology. But to be fair, there are risks. Delays in U.S. Government budget approvals are still a headwind, causing a near-term softening in anticipated ATS growth from the Department of Defense (DOD) programs. You need to watch Washington, D.C., because those funding delays directly impact the timing of their high-margin development work. Here's the quick math: Q4 2025 revenue is projected to be in the range of $155 million to $165 million, but achieving that depends on the execution of these major programs.

The Foundation: Core Values as Strategic Pillars

A vision is nothing without the right operating principles, and SkyWater Technology's core values serve as the strategic pillars for their TaaS model. Their five core values are: Integrity, Excellence, Collaboration, Growth Mindset, and Empowerment. These values are defintely not just posters on the wall; they are essential for their business model.

• Integrity: Protects the customer's intellectual property (IP), which is non-negotiable in the co-creation model.
• Collaboration: Essential for the TaaS model, where they work side-by-side with innovators, not just for them.
• Growth Mindset: Fuels their investment in new areas like advanced packaging in Florida, which is scheduled for completion in early-2026.

This focus on trust and collaboration is what allows them to target a baseline revenue of at least $600 million for 2026. It's a bold target, but it's grounded in the idea that being a trusted, U.S.-based partner for next-generation systems is a premium service. If you want a deeper dive into how this all came together, you can read more about their history and model here: SkyWater Technology, Inc. (SKYT): History, Ownership, Mission, How It Works & Makes Money.

Next Step: Portfolio Managers should track the Q4 2025 earnings call in January to assess the actual impact of the Florida tooling cost overruns and the resolution of the U.S. Government budget delays.

SkyWater Technology, Inc. (SKYT) Core Values

You're looking past the stock ticker to the bedrock of SkyWater Technology, Inc. (SKYT), and that's smart. The company's financial trajectory-especially the Q3 2025 revenue of over $150.7 million-is directly tied to how well they execute on their core principles. These values aren't just posters on a wall; they are the operational drivers behind their Technology as a Service (TaaS) model.

I've seen this pattern before: a clear, action-oriented value system is what allows a company to navigate a complex, capital-intensive industry like semiconductors. For SkyWater, the focus is less on abstract ideals and more on concrete pillars that support U.S. domestic manufacturing and advanced technology development. Here's the quick math: their commitment to these values is what positions them for the expected $300 million in annual revenue contribution from the new Fab 25 acquisition.

Trust and Security in Domestic Manufacturing

This value is non-negotiable for SkyWater Technology, given its heavy involvement with the U.S. Department of Defense (DOD). They are a DMEA-accredited Category 1A Trusted Supplier, which means they adhere to the most stringent security protocols for microelectronics manufacturing. This is their moat, plain and simple.

The commitment to domestic manufacturing is a key differentiator, especially in the context of global supply chain risk. This focus has allowed them to secure and execute on critical government programs, even amidst federal budget delays that impacted their Advanced Technology Services (ATS) business earlier in the 2025 fiscal year.

• Maintain Trusted Supplier status for defense contracts.
• Ensure secure, U.S.-based supply chain resilience.
• Serve markets with high-security needs like aerospace.

The acquisition of Fab 25 in Austin, Texas, completed in Q2 2025, is the most concrete example of this value in action. This move immediately expanded their scale and capacity, aligning with the national strategy for semiconductor onshoring and industrial resilience. The Texas operation is expected to generate significant revenue, with Wafer Services revenue from the new facility alone reaching nearly $87 million in Q3 2025.

Innovation and Co-Creation (Technology as a Service)

SkyWater Technology doesn't just build chips; they co-create technology with their partners, which they call their Technology as a Service (TaaS) model. This is a critical value because it shifts the relationship from a simple foundry transaction to a deep, collaborative research and development partnership, which defintely increases customer stickiness.

Their innovation drive is concentrated on next-generation technologies. For the 2025 fiscal year, this is most evident in their quantum computing and advanced packaging segments. The company expects to exceed 30% revenue growth in quantum computing-related ATS revenues for fiscal 2025. This growth is fueled by new engagements, such as the joint program with Silicon Quantum Computing (SQC) and the work with QuamCore on a superconducting quantum processor.

• Invest in advanced technologies like quantum and photonics.
• Use TaaS model to streamline concept-to-production journey.
• Collaborate with customers on R&D for optimized manufacturing.

The ramp-up of their Advanced Packaging platform at the Florida facility in the second half of 2025 is another key initiative. This focus on heterogeneous integration solutions demonstrates a forward-looking commitment to the new frontier of chip efficiency, diversifying their revenue streams beyond raw wafer manufacturing. You can read more about what drives these numbers in Breaking Down SkyWater Technology, Inc. (SKYT) Financial Health: Key Insights for Investors.

Operational Excellence and Growth

The company's third core value is a pragmatic commitment to scaling its operations and improving financial efficiency. The semiconductor business is capital-intensive, so achieving scale is paramount for long-term profitability. For the first nine months of 2025, the company has shown a clear path to growth, despite a GAAP net loss of $10.0 million in Q2 2025.

Operational excellence is being driven by the integration of Fab 25, which not only provides scale but also improves capacity utilization across the entire organization. The expectation is that the acquisition will approximately double their annual levels of revenue and adjusted EBITDA, generating immediate positive free cash flow. This is a major inflection point.

• Integrate new capacity for greater scale and efficiency.
• Target long-term Gross Margin exceeding 30%.
• Drive strong adjusted EBITDA and free cash flow generation.

The Q3 2025 results, with an EPS of $0.24, significantly beating analyst estimates, suggest that the operational improvements, particularly from the new Texas operations, are already having a substantial impact on the bottom line. This is not just about winning a single contract; it points to improving operational efficiency across the board as the business model achieves the necessary scale for self-sufficiency.