Skywater Technology Inc (SKYT) fair value: what the stock is really worth
As of Jul 30, 2026: fair value of Skywater Technology Inc $39.98, price $32.46, upside +23.2%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $4.56 – $39.91 · fair‑value band $21.03 – $71.79 · the $32.46 price screens below the $39.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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SkyWater Technology, Inc., together with its subsidiaries, provides semiconductor manufacturing services in the United States. The company operates through two segments, Legacy SkyWater and SkyWater Texas.
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SkyWater Technology, Inc., together with its subsidiaries, provides semiconductor manufacturing services in the United States. The company operates through two segments, Legacy SkyWater and SkyWater Texas. The company offers foundry services; advanced technology services (ATS); wafer manufacturing services for analog, mixed-signal, MEMS, and specialty CMOS devices; and advanced semiconductor packaging. The company serves quantum computing, aerospace and defense, automotive, bio-health, and industrial sectors. SkyWater Technology, Inc. was incorporated in 2016 and is headquartered in Bloomington, Minnesota.
Stock analysis
Skywater Technology Inc (SKYT) currently trades at $32.46, while our model-based Fair Value estimate is $39.98, implying the stock looks roughly 18.8% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $89.26 per share, and 7 of the 11 models we run sit above the $32.46 price.
Bear case: the Economic Profit group reads lowest at $21.75, and 4 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: $21.03 (bear) to $71.79 (bull), the price of $32.46 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 39/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Skywater Technology Inc reported revenue of $442M in FY2025 versus $163M in FY2021, a compound +28.4%/yr. Reported net income was $119M in FY2025.
Key figures
Market cap $1.8B · P/E ratio 13.9 · P/S ratio 3.73 · EPS (TTM) $2.34 · Net margin 26.9% · Return on equity 95.9% · Return on assets (EBIT) −6.8% · Operating margin −3.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 270% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at 23%, SKYT screens cheaper than that median.
Fair Value models
Bear $21.03Fair Value $39.98Bull $71.79
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($1.77 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+29.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.8%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.8%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−6.2% (2020) → −0.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
Compare Skywater Technology Inc with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductors · 329 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside+23.2% · Top 25%
Profitability
Return on equity (TTM)95.9% · Top 25%
Return on assets−0.5% · Below median
Net margin (TTM)21.0% · Top 25%
Operating margin (TTM)−3.3% · Bottom 25%
Growth and dividend
Revenue growth162.1% · Top 25%
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
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Is Skywater Technology Inc (SKYT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $39.98 versus the last price from Jul 30, 2026 of $32.46, about +23% upside (undervalued).
What is the fair value of SKYT?
Our model-based fair value for Skywater Technology Inc is $39.98 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Jul 30, 2026): $32.46.
What is the quality score of SKYT?
Skywater Technology Inc has a Quality Score of 39/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Skywater Technology Inc (SKYT)?
Our model-based price target is the fair value of $39.98 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario $21.03, optimistic scenario $71.79. It is a calculation from audited fundamentals, not an analyst target.
What is the Skywater Technology Inc stock forecast for 2026?
Our models put fair value at $39.98, about +23% upside versus the last price from Jul 30, 2026 of $32.46 (undervalued). Cautious scenario $21.03, optimistic scenario $71.79. The calculation is refreshed regularly with new filings.
What is the revenue of Skywater Technology Inc (SKYT)?
Skywater Technology Inc reported trailing-twelve-month revenue of about $542M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Skywater Technology Inc (SKYT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Skywater Technology Inc it is $39.98 per share (as of Sep 24, 2026), against a price of $32.46. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Skywater Technology Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SKYT trades below its calculated fair value: price $32.46, fair value $39.98, a gap of about +23% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SKYT?
No. The price is what the market pays today ($32.46); the fair value is what the company's own numbers justify ($39.98). For Skywater Technology Inc the two are $7.52 per share apart. That gap is exactly why we show both numbers side by side.
How much is Skywater Technology Inc worth?
The market values Skywater Technology Inc at about $1.8B (market capitalisation, as of Sep 24, 2026). Per share that is $32.46; our models calculate a fair value of $39.98 per share.
What do the bullish and bearish scenarios say about SKYT?
Our models span a range for Skywater Technology Inc: cautious scenario $21.03, base $39.98, optimistic $71.79 per share (as of Sep 24, 2026, price $32.46). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SKYT?
Skywater Technology Inc trades at a price-to-earnings ratio of 13.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $39.98 is built from several models across several years. Other multiples: P/B 9.8, P/S 3.4, EV/EBITDA 46.0.
How solid is the balance sheet of Skywater Technology Inc (SKYT)?
Balance-sheet figures for Skywater Technology Inc (as of Sep 24, 2026): return on equity 95.9%, debt of 0.18 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is SKYT from its 52-week high?
Skywater Technology Inc trades at $32.46, about 19% below its 52-week high of $39.91 and 270% above the low of $8.78 (as of Jul 30, 2026). Distance from the high says nothing about value: that is what the fair value of $39.98 is for.
Which stocks are comparable to Skywater Technology Inc?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Skywater Technology Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $32.46, calculated fair value $39.98 (+23%), Quality Score 39/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SKYT calculated?
We run Skywater Technology Inc through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $39.98, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Skywater Technology Inc currently trades 19 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Skywater Technology Inc (SKYT)?
The latest price we hold is from Jul 30, 2026 and stands at $32.46. Our model-based fair value is $39.98, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Skywater Technology Inc right now?
The model range is unusually wide ($21.03 to $71.79). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Skywater Technology Inc
How large is the market capitalisation of Skywater Technology Inc (SKYT)?
The market capitalisation of Skywater Technology Inc is $1.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Skywater Technology Inc (SKYT)?
The price-to-sales ratio of Skywater Technology Inc is 3.73 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Skywater Technology Inc (SKYT)?
Earnings per share at Skywater Technology Inc are $2.34 (price ÷ EPS = P/E 13.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Skywater Technology Inc (SKYT)?
The net margin of Skywater Technology Inc is 26.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Skywater Technology Inc (SKYT)?
The return on equity (ROE) of Skywater Technology Inc is 95.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Skywater Technology Inc (SKYT)?
On an EBIT basis the return on assets of Skywater Technology Inc is −6.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Skywater Technology Inc (SKYT)?
The operating margin of Skywater Technology Inc is −3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Skywater Technology Inc (SKYT)?
Revenue at Skywater Technology Inc is growing +162% versus a year earlier (3y avg +27.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Skywater Technology Inc (SKYT)?
Earnings per share at Skywater Technology Inc are growing +97.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Skywater Technology Inc (SKYT) generate?
The free cash flow of Skywater Technology Inc is −$53.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Skywater Technology Inc (SKYT) carry?
The net debt of Skywater Technology Inc is $227M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 24, 2026