---
schema_version: "secwatch.filing_event.v1"
accession: "0001819974-25-000015"
form_type: "8-K"
ticker: "SKYT"
cik: "0001819974"
company_name: "SkyWater Technology, Inc"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:46:33.289717+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SkyWater Q1 revenue down 23% to $61.3M, EPS $(0.15); Q2 guidance weak

## Summary
- Revenue $61.3M, down 23% YoY; ATS development $52.5M (-14%), Wafer Services $7.5M (-25%), Tools $1.2M (-86%).
- GAAP net loss $7.3M ($0.15/shr) vs $5.7M loss YoY; Non-GAAP loss $3.7M ($0.08/shr).
- Adjusted EBITDA $4.0M (6.6% margin) vs $4.9M (6.2%) YoY.
- Q2 2025 guidance: revenue $55-60M, GAAP EPS loss $(0.20)-(0.26), non-GAAP EPS loss $(0.16)-(0.22).
- Fab 25 acquisition from Infineon on track for mid-2025 close; backed by >$1B supply agreement.

## SEC filing metadata
- accession: 0001819974-25-000015
- form_type: 8-K
- ticker: SKYT
- cik: 0001819974
- company_name: SkyWater Technology, Inc
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819974/000181997425000015/0001819974-25-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819974/000181997425000015/skyt-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819974-25-000015
- JSON: https://secwatch.observer/filing/0001819974-25-000015.json
- Plain text: https://secwatch.observer/filing/0001819974-25-000015.txt

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