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Skywater Technology Inc SEC Filings

SKYT NASDAQ

Welcome to our dedicated page for Skywater Technology SEC filings (Ticker: SKYT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

SkyWater Technology, Inc. (NASDAQ: SKYT) files a range of U.S. Securities and Exchange Commission (SEC) documents that shed light on its operations as a U.S.-based semiconductor manufacturer and pure-play technology foundry. This page brings together those filings so readers can review the company’s regulatory disclosures in detail, with AI-powered tools available on Stock Titan to help interpret complex reports.

In its periodic reports such as Forms 10-Q and 10-K, SkyWater provides information on its Technology as a Service model, Advanced Technology Services (ATS) development revenue, wafer services revenue and tools revenue. These filings also describe its segment structure, including Legacy SkyWater and SkyWater Texas following the acquisition of the Fab 25 business in Austin, Texas, along with discussions of gross margins, operating expenses and liquidity.

Current reports on Form 8-K and 8-K/A document material events, including the completion of the Fab 25 acquisition, the amended and restated loan and security agreement providing a revolving credit facility, and quarterly earnings announcements. An NT 10-Q (Form 12b-25) filing explains the company’s notification of a delayed quarterly report due to immaterial corrections of prior-period ATS revenue, illustrating how SkyWater addresses financial reporting matters.

On Stock Titan, users can review these filings alongside AI-generated summaries that highlight key points from lengthy documents, such as risk factor changes, segment updates or revenue composition. Real-time updates from EDGAR ensure that new 10-Q, 10-K and 8-K filings are reflected promptly, while access to other forms, including any future proxy or insider-related filings, helps investors track governance and capital structure developments for SKYT.

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IonQ summarized a transformational 2025 and outlined plans to scale in 2026, driven by product wins, a planned SkyWater acquisition and strong revenue growth. Full‑year 2025 revenue was $130 million, Q4 revenue was $61.9 million, and remaining performance obligations stood at $370 million.

Management guided 2026 revenue to between $225 million and $245 million (midpoint $235 million), forecasted adjusted EBITDA of negative $310M to $330M, and reported $3.3 billion in cash and investments as of December 31, 2025. The company reiterated its intent to acquire SkyWater and noted the transaction must progress through the required regulatory and shareholder processes.

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Rhea-AI Summary

SkyWater Technology, Inc. disclosed an agreement to be acquired by IonQ and states that IonQ will file a Registration Statement on Form S-4 that will include a proxy statement/prospectus for SkyWater stockholders.

The communication presents employee FAQs about organizational, compensation, equity, customer and product impacts and stresses that the definitive Proxy Statement/Prospectus will be mailed to SkyWater stockholders and that investors should read the Registration Statement when filed.

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SkyWater Technology issued a press release reporting preliminary fourth-quarter and full-year 2025 results and disclosed a definitive agreement for IonQ to acquire SkyWater for $35.00 per share, with closing expected in the second or third quarter of 2026, subject to stockholder and regulatory approvals.

For fiscal 2025 SkyWater reported record consolidated revenue of $442.1 million, up 29% year‑over‑year, gross profit of $86.9 million, and GAAP net income attributable to SkyWater of $118.9 million. The company noted the results are preliminary and unaudited and reiterated customary audit and closing condition cautions.

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SkyWater Technology reported record 2025 revenue of $442.1 million, up 29% from 2024, driven largely by its Fab 25 acquisition in Texas, which contributed $175.6 million of wafer services revenue in the second half of the year.

GAAP net income to shareholders was $118.9 million, or $2.44 per diluted share, helped by a $111.7 million bargain purchase gain on Fab 25. Non-GAAP net income to shareholders was much smaller at $0.7 million, or $0.01 per diluted share, as operating expenses increased.

In Q4 2025, revenue rose to $171.0 million, but the company posted a GAAP net loss to shareholders of $7.8 million as gross margin fell to 14.9%, pressured by about $9.3 million of higher-than-planned tooling costs in Florida and restructuring charges.

The company highlights strong momentum in quantum-computing-related Advanced Technology Services and notes that previously announced plans for IonQ to acquire SkyWater for $35.00 per share in cash and stock remain subject to shareholder and regulatory approvals.

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SkyWater Technology CEO Thomas Sonderman reported a tax-withholding share disposition related to restricted stock units. On the transaction date, 5,767 shares of common stock were withheld at $28.77 per share to cover tax obligations. After this non-open-market transaction, he directly owned 515,990 shares.

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SkyWater Technology, Inc. President and COO John Sakamoto reported a Form 4 transaction involving a tax-related share disposition. On February 17, 2026, the company withheld 8,539 shares of common stock at $28.77 per share to cover tax obligations from vesting restricted stock units. After this tax-withholding disposition, Sakamoto directly owned 120,174 shares of SkyWater common stock.

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SkyWater Technology CFO Steve Manko reported a tax-related share disposition. On the vesting of previously reported restricted stock units, the company withheld 7,145 shares of common stock at $28.77 per share to satisfy tax withholding obligations, rather than Manko selling shares in the market. After this tax-withholding disposition, Manko directly holds 269,977 shares of SkyWater Technology common stock.

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SkyWater Technology, Inc. Chief Risk & Compliance Officer Christopher Hilberg reported a Form 4 transaction involving company common stock. On February 17, 2026, the issuer withheld 3,571 shares of common stock at $28.77 per share to cover tax withholding obligations tied to the vesting of previously granted restricted stock units. This was recorded under transaction code F as a tax-withholding disposition, not an open-market trade. After this withholding, Hilberg's directly held stake stands at 46,300 common shares.

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SkyWater Technology’s largest reported holder updated its ownership position. Loren A. Unterseher reports beneficial ownership of 9,663,895 shares of common stock, representing 19.92% of the class. He has sole voting and dispositive power over 5,176,498 shares and shared power over 4,487,397 shares.

CMI Oxbow Partners, LLC and Oxbow Industries, LLC are also listed as reporting persons, each tied to the same block of 4,487,397 shares. They state that each reporting person disclaims beneficial ownership of certain shares except to the extent of any pecuniary interest.

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IonQ and SkyWater outline a proposed acquisition and quantum roadmap in a CNBC interview transcript and related investor communication. IonQ’s CEO highlights the company’s progress in quantum computing, including demonstrated quantum advantage in 2025 with partners in drug discovery and computational engineering. He describes plans to acquire SkyWater Technology to create a vertically integrated, well-capitalized “quantum foundry” that supports U.S. leadership in this strategically important field. The text explains that IonQ will file a Form S-4 to register shares issued in the transaction and SkyWater will file a proxy statement so its stockholders can vote on the deal, while also detailing extensive forward-looking risk factors that could affect completion and benefits of the combination.

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FAQ

What is the current stock price of Skywater Technology (SKYT)?

The current stock price of Skywater Technology (SKYT) is $29.46 as of February 27, 2026.

What is the market cap of Skywater Technology (SKYT)?

The market cap of Skywater Technology (SKYT) is approximately 1.5B.

SKYT Rankings

SKYT Stock Data

1.50B
35.07M
Semiconductors
Semiconductors & Related Devices
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United States
BLOOMINGTON

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