SkyWater Technology, Inc. (NASDAQ:SKYT) Q2 2022 Results Conference Call August 15, 2022 4:30 PM ET
Company Participants
Claire McAdams - Investor Relations
Thomas Sonderman - President and Chief Executive Officer
Steve Manko - Chief Financial Officer
Conference Call Participants
Raji Gill - Needham & Company
Harsh Kumar - Piper Sandler
Krish Sankar - Cowen and Company
Natalia Winkler - Jefferies
Operator
Ladies and gentlemen good afternoon. My name is Addie and I will be your conference operator today. At this time, I would like to welcome everyone to the SkyWater Technology Second Quarter 2022 Financial Results Conference Call. Today’s conference is been recorded and all lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. [Operator Instructions]
Thank you. And I will now turn the conference over to Claire McAdams, Investor Relations for SkyWater. Ms. McAdams, you may begin conference.
Claire McAdams
Good afternoon, and welcome to SkyWater’s second quarter fiscal 2022 conference call. With me on the call today from SkyWater are Thomas Sonderman, President and Chief Executive Officer; and Steve Manko, Chief Financial Officer.
I would like to remind you that our call is being webcast live on SkyWater’s Investor Relations website at ir.skywatertechnology.com. The webcast will be available for replay shortly after the call concludes. On our IR website, we also have posted an investor slide presentation to accompany today’s call.
During the call, any statements made about our future financial results and business are Forward-Looking Statements. These Forward-Looking Statements are subject to risks and uncertainties that could cause our actual results to differ materially. For a discussion of these risks and uncertainties, please refer to our filings with the Securities and Exchange Commission, including our earnings release filed on Form 8-K today and our fiscal 2021 10-K filed on March 10th. All Forward-Looking Statements are made as of today, and we assume no obligation to update any such statements.
During this call, we will discuss non-GAAP financial measures. You can find a reconciliation of these non-GAAP financial measures to GAAP financial measures in our earnings release as well as in our Q2 earnings presentation both of which are available on our Investor Relations website.
With that, I will turn the call over to Tom.
Thomas Sonderman
Thank you, Claire, and good afternoon to everyone on the call. Today we are pleased to report Q2 revenue if over $47 million. With total revenue up 50% year-over-year, wafer services revenue increased 23% reflecting these significantly improved long-term pricing agreement secured at the end of Q1