---
schema_version: "secwatch.filing_event.v1"
accession: "0001819974-21-000009"
form_type: "8-K"
ticker: "SKYT"
cik: "0001819974"
company_name: "SkyWater Technology, Inc"
filed_at: "2021-08-03T23:59:59+00:00"
generated_at: "2026-06-29T23:30:01.487574+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SkyWater Q2 revenue up 34% to $41.2M but GAAP net loss widens to $7.0M; board approves $56M capex

## Summary
- Net sales $41.2M, up 34% YoY; GAAP net loss $7.0M ($0.20/share) versus $5.3M loss ($0.29) a year ago.
- Adjusted EBITDA -$0.8M vs +$2.5M; GAAP gross margin fell to 4.4% from 17.8%; Non-GAAP gross margin 7.2% vs 18.1%.
- Board approved $56M strategic investment to expand Minnesota fab output by at least 40% and enter gallium nitride market.
- Won several new bio-medical designs; advanced packaging engagements with two existing customers including Rockley Photonics.
- Revenue growth target of ~25% for 2021 and beyond; one ATS program postponed but expected to resume in 2022.

## SEC filing metadata
- accession: 0001819974-21-000009
- form_type: 8-K
- ticker: SKYT
- cik: 0001819974
- company_name: SkyWater Technology, Inc
- filed_at: 2021-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819974/000181997421000009/0001819974-21-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819974/000181997421000009/skyt-20210803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819974-21-000009
- JSON: https://secwatch.observer/filing/0001819974-21-000009.json
- Plain text: https://secwatch.observer/filing/0001819974-21-000009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.