SkyWater Technology: Q3 Earnings Insights

SkyWater Technology SKYT reported its Q3 earnings results on Wednesday, November 8, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

SkyWater Technology missed estimated earnings by 6.25%, reporting an EPS of $-0.17 versus an estimate of $-0.16.

Revenue was up $19.30 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.05 which was followed by a 12.74% drop in the share price the next day.

Here's a look at SkyWater Technology's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.09 -0.13 -0.11 -0.25
EPS Actual -0.14 -0.06 -0.03 -0.13
Revenue Estimate 64.30M 60.58M 55.50M 51.28M
Revenue Actual 69.81M 66.09M 65.09M 52.33M

To track all earnings releases for SkyWater Technology visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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