SkyWater Technology announced a strategic partnership with Silicon Quantum Computing (SQC) that will combine SQC’s precision quantum device engineering with SkyWater’s secure, U.S.‑based manufacturing and packaging capabilities. The collaboration is designed to accelerate the commercialization of hybrid quantum‑classical computing systems and leverages SkyWater’s Technology‑as‑a‑Service (TaaS) model to provide end‑to‑end solutions for aerospace, defense, and advanced compute markets.
In its most recent earnings release, SkyWater reported Q3 2025 revenue of $150.74 million, up 61.5% from $93.82 million a year earlier, and net income of $144.01 million, a dramatic increase from $1.51 million in Q3 2024. Earnings per share were $0.24, beating the consensus estimate of –$0.17 by $0.41. The strong results were driven by disciplined cost management, a favorable mix of high‑margin quantum‑related contracts, and robust demand in its core semiconductor services. The company’s gross profit margin of 24.0% on a GAAP basis reflects the successful scaling of its TaaS platform and the high utilization of its newly acquired Fab 25 facility.
SkyWater guided Q4 2025 earnings per share to a range of –$0.080 to –$0.040, a downgrade from the prior guidance of –$0.120 to –$0.080. Management cited anticipated cost pressures and a more cautious demand outlook for the final quarter as reasons for the negative guidance. Insider activity followed, with CEO Thomas Sonderman selling 5,207 shares and CFO Steve Manko selling 50,000 shares in the week after the earnings release. Investors reacted with caution, weighing the forward‑looking guidance and insider sales against the robust Q3 performance.
The partnership with SQC positions SkyWater as a key enabler in the quantum‑computing ecosystem, supporting a range of qubit technologies including spin‑based, superconducting, and photonic systems. By offering a quantum foundry model, SkyWater can accelerate the transition of quantum prototypes from laboratory to high‑scale production, reinforcing its commitment to secure, U.S. manufacturing and aligning with national security supply‑chain priorities. The collaboration also complements SkyWater’s recent expansion through the acquisition of Infineon’s Fab 25, which has increased production capacity and contributed to the company’s record revenue growth.
Thomas Sonderman emphasized the strategic importance of the partnership, stating, “SQC is doing exciting work to advance the frontier of quantum computing, and SkyWater is proud to help enable their vision. By combining SQC’s unique approach with our trusted U.S. manufacturing and TaaS model, we’re bringing the ‘future compute’ stack closer to reality.”
The announcement marks a significant shift for SkyWater, extending its portfolio beyond traditional semiconductor foundry services into the emerging quantum‑computing arena. The partnership, combined with the company’s strong Q3 results and forward‑looking guidance, underscores SkyWater’s focus on high‑growth, high‑margin segments while navigating short‑term headwinds such as cost inflation and cautious demand in the final quarter.
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