---
schema_version: "secwatch.filing_event.v1"
accession: "0001819974-23-000046"
form_type: "8-K"
ticker: "SKYT"
cik: "0001819974"
company_name: "SkyWater Technology, Inc"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:45:14.005714+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SkyWater Q2 revenue $69.8M (+47% YoY); net loss narrows to $(0.19)/share; gross margin expands

## Summary
- Revenue $69.8M (+47% YoY); ATS revenue $53.0M (+78%); trailing 12-month revenue $253M (+50%).
- GAAP net loss $(8.6)M or $(0.19)/share vs $(0.32) YoY; non-GAAP loss $(0.14)/share.
- GAAP gross margin 23.9% (up from 4.4% YoY); non-GAAP 24.7%; benefited 400bps from $3.6M contract pull-in.
- Adjusted EBITDA $6.5M (9.3% of revenue) vs $(1.6M) negative YoY.
- OpEx $20.2M; included $5.2M of consulting and CHIPS Act fees; reiterated 25% annual revenue growth objective.

## SEC filing metadata
- accession: 0001819974-23-000046
- form_type: 8-K
- ticker: SKYT
- cik: 0001819974
- company_name: SkyWater Technology, Inc
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1819974/000181997423000046/0001819974-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819974/000181997423000046/skyt-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819974-23-000046
- JSON: https://secwatch.observer/filing/0001819974-23-000046.json
- Plain text: https://secwatch.observer/filing/0001819974-23-000046.txt

## Key facts
- Earnings Releases
  SkyWater Technology, Inc reported the second quarter of 2023, ended July 2, 2023 results: revenue $69.8 million, net income $(0.19) per share, EPS $(0.19) per share.
  - Period: the second quarter of 2023, ended July 2, 2023
  - Revenue: $69.8 million
  - Net income: $(0.19) per share
  - EPS: $(0.19) per share
  - Result: reported results
  source text: partner, today announced financial results for the second quarter of 2023, ended July 2, 2023. Highlights for Q2 2023: • Revenue increased 47% year-over-year to a record $69.8 million. • Gross margin increased to 23.9% on a GAAP basis, compared to 4.4% in Q2 2022, and increased to 24.7% on a non-GAAP basis, compared to 5.6% in Q2 2022. • Net loss to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819974/000181997423000046/0001819974-23-000046-index.htm

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