secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001819974-26-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWater Q4 revenue $171M (+127% YoY); GAAP net loss $0.16/share; FY2025 revenue $442M (+29%)
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- Q4 GAAP net loss to shareholders $7.8M ($0.16 diluted loss); non-GAAP net loss $1.6M ($0.03 loss).
- FY2025 GAAP net income $118.9M ($2.44 diluted) vs loss $6.8M in FY2024; non-GAAP net income $0.7M ($0.01).
- Florida tooling cost overrun of ~$9.3M reduced Q4 gross profit; gross margin fell to 14.9% from 25.6% YoY.
- Quantum ATS engagements grew to eight; quantum-related ATS revenue up >30% in FY2025.
- Pending IonQ acquisition at $35/share cash-and-stock; expected close Q2/Q3 2026, subject to approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997426000005/0001819974-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997426000005/skyt-20260225.htm
  HTML page:      https://secwatch.observer/filing/0001819974-26-000005

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