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.
SkyWater Technology CFO Steve Manko received an equity grant of 29,432 shares of common stock in the form of restricted stock units (RSUs). The award has no cash exercise price and was granted as compensation, increasing his directly held position to 299,409 shares after the transaction.
The RSUs vest in three equal installments on each of the first, second and third anniversaries of the grant date. Vesting is contingent on his continued service with the company on each applicable vesting date, meaning the full benefit is tied to ongoing tenure.
Sakamoto John reported acquisition or exercise transactions in this Form 4 filing.
SkyWater Technology President and COO John Sakamoto received a grant of 21,221 shares of common stock as restricted stock units (RSUs). The grant was made at no cash cost per share and is classified as a compensation-related award, not an open‑market purchase.
The RSUs vest in three equal installments on each of the first, second, and third anniversaries of the grant date, as long as Sakamoto continues in service on each vesting date. After this grant, he directly holds 141,395 shares of SkyWater Technology common stock.
SONDERMAN THOMAS reported acquisition or exercise transactions in this Form 4 filing.
SkyWater Technology CEO Thomas Sonderman received a grant of 50,455 shares of Common Stock in the form of restricted stock units. These RSUs vest in three equal installments on each of the first, second and third anniversaries of the grant date, contingent on his continued service. Following this award, he holds 566,445 shares of Common Stock directly.
SKYT filed a Form 144 reporting proposed sales of Common Stock through J.P. Morgan Securities LLC. The filing lists shares tied to RSU awards dated 12/06/2021 (193,734 shares) and 08/15/2023 (34,266 shares), and shares from a stock option exercise dated 03/16/2026 (40,616 shares).
The excerpt names J.P. Morgan Securities LLC as the broker-dealer. The filing shows the securities to be sold and the originating grant/exercise dates; cash-flow treatment and aggregate proceeds are not provided in the excerpt.
SkyWater Technology, Inc. files its annual report describing a U.S.-only semiconductor foundry business focused on foundational-node manufacturing, advanced technology services and advanced packaging across Minnesota, Texas and Florida. The company serves aerospace and defense, quantum computing, automotive, industrial and bio-health markets where secure, long-life supply is critical.
In 2025 SkyWater completed the acquisition of Infineon’s Austin Fab 25, including a multi-year take-or-pay supply agreement with an off‑market component valued at $120.0 million and a lease back to Infineon of $1.2 million annually through June 2029. Infineon accounted for 43% of 2025 revenue. The company reported research and development expenses of $14.6 million in 2025 and employed 1,551 people as of December 28, 2025.
On January 25, 2026, SkyWater agreed to be acquired by IonQ through a cash-and-stock merger, with each share to receive $15.00 in cash plus IonQ stock based on a collar-set exchange ratio tied to a $20.00 reference value. The deal requires stockholder and regulatory approvals and is subject to customary closing conditions and material adverse effect clauses. As of June 29, 2025, non‑affiliate market value was approximately $312.5 million, and there were 47,995,078 common shares outstanding on March 6, 2026.
IonQ, Inc. said it intends to effect a proposed transaction with SkyWater Technology and will file a Registration Statement on Form S-4 that will include a prospectus for the IonQ common stock to be issued in the transaction. The definitive proxy statement/prospectus will be mailed to SkyWater stockholders when available.
The transcript of a March 10, 2026 interview describes IonQ's defense, sensing and cybersecurity work and references an announced acquisition of SkyWater; regulatory review, stockholder approval and customary closing conditions are stated as potential contingencies.
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.
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.
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.
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.