---
schema_version: "secwatch.filing_event.v1"
accession: "0001819974-23-000115"
form_type: "8-K"
ticker: "SKYT"
cik: "0001819974"
company_name: "SkyWater Technology, Inc"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T10:25:22.422382+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SkyWater Q3 revenue up 37% to record $71.6M; gross margin expands to 19.8%

## Summary
- ATS revenue rose 62% YoY to $57.1M; Wafer Services fell 16% to $14.5M.
- GAAP net loss per share $(0.16); non-GAAP net loss per share $(0.05), improved from $(0.13) a year ago.
- Adjusted EBITDA of $8.3M (11.6% of revenue) vs. $3.8M (7.3%) in Q3 2022.
- Customer-funded capex increasing; new President & COO John Sakamoto on board.
- Continued momentum on CHIPS Act applications for Bloomington, MN expansion.

## SEC filing metadata
- accession: 0001819974-23-000115
- form_type: 8-K
- ticker: SKYT
- cik: 0001819974
- company_name: SkyWater Technology, Inc
- filed_at: 2023-11-08T23:59:59+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/1819974/000181997423000115/0001819974-23-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819974/000181997423000115/skyt-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819974-23-000115
- JSON: https://secwatch.observer/filing/0001819974-23-000115.json
- Plain text: https://secwatch.observer/filing/0001819974-23-000115.txt

## Key facts
- Earnings Releases
  SkyWater Technology, Inc reported the third quarter of 2023, ended October 1, 2023 results: revenue $71.6 million, net income net loss to shareholders of $7.6 million, EPS $(0.16) per share.
  - Period: the third quarter of 2023, ended October 1, 2023
  - Revenue: $71.6 million
  - Net income: net loss to shareholders of $7.6 million
  - EPS: $(0.16) per share
  - Result: reported results
  source text: today announced financial results for the third quarter of 2023, ended October 1, 2023. Financial Highlights for Q3 2023: • Revenue increased 37% year-over-year to a record $71.6 million. • Gross margin increased to 19.8% on a GAAP basis, compared to 15.8% in Q3 2022, and increased to 20.4% on a non-GAAP basis, compared to 16.9% in Q3 2022. • Net loss to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819974/000181997423000115/0001819974-23-000115-index.htm

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