secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001819974-25-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWater Q2 revenue $59.1M, net loss $0.21/sh; closes Infineon Fab 25 buy; Q3 rev guidance $130-141M
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- Q2 total revenue $59.1M, down 37% YoY; GAAP net loss $0.21/sh vs loss $0.04/sh; adjusted EBITDA $2.3M (72% decline).
- Completed Infineon Fab 25 acquisition for ~$93M, funded by $350M revolver; expects ≥$300M annual revenue from Fab 25.
- Q3 guidance: total revenue $130-141M (incl. ~$75-80M Texas Wafer Services); non-GAAP loss per share $(0.14)-(0.20).
- ATS development revenue $52.6M (-15% YoY); CEO notes DOD funding timing may impact ATS growth this year.
- Momentum in quantum computing and advanced packaging; Fab 25 expected to generate positive FCF starting Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997425000025/0001819974-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997425000025/skyt-20250806.htm
  HTML page:      https://secwatch.observer/filing/0001819974-25-000025

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