secwatch.observer — SEC 8-K summary
======================================

Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001819974-25-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997425000015/0001819974-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997425000015/skyt-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001819974-25-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer