secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001819974-25-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWater Q3 revenue $150.7M (+60.7% YoY); non-GAAP EPS $0.24 vs $0.08; guides Q4 rev $155-165M
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- Q3 total revenue $150.7M (record), up 60.7% YoY; GAAP net income $144.0M includes $110.8M bargain purchase gain.
- Non-GAAP net income $11.5M ($0.24 diluted EPS) vs $3.6M ($0.08) YoY; adjusted EBITDA $25.8M (17.1% margin).
- Four new quantum customers signed since Q2 (including SQC and QuamCore); expects >30% quantum revenue growth in FY2025.
- Texas Fab 25 first full quarter revenue $86.6M, exceeding expectations; contributed to gross margin expansion.
- Q4 guidance: total consolidated revenue $155-165M; non-GAAP diluted EPS $(0.08)-$0.04.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997425000044/0001819974-25-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997425000044/skyt-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001819974-25-000044

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