Short answer
SkyWater Technology, Inc (SKYT) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 29, 2026. Quarterly revenue was $161M (up 162.1% year over year) with net income of −$12M.
Q1 2026 key financials · XBRL
- Revenue
- $161M
- +162.1% YoY
- Net income
- −$12M
- −67.6% YoY
- Operating margin
- -3.3%
- Gross margin
- 20.0%
- EPS (diluted)
- −$0.25
- −66.7% YoY
Source: XBRL data from the SkyWater Technology, Inc (SKYT) Q1 2026 10-Q on SEC EDGAR. USD.
SkyWater Technology, Inc Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $160.7M, up 162% YoY from $61.3M, driven by $86.3M SkyWater Texas revenue
- Consolidated gross margin 20.0% vs 23.3% YoY, with net loss attributable to SkyWater $12.3M vs $7.3M
- Best segment SkyWater Texas: revenue $86.3M, gross profit $19.1M, gross margin 22%, net income $11.9M
- Worst segment Legacy SkyWater: gross margin 18% vs 23% YoY, net loss $23.1M vs $6.2M
- Cash $22.2M vs $23.2M, operating cash flow $27.9M vs $56.0M, capital expenditures $10.1M vs $15.2M; $61.8M Revolver availability
- Near-term outlook: acquisition expected to close in second or third quarter of 2026; defense-policy shifts reduced ATS revenue by $27.2M
Risk Factors
- No risk-factors section provided; supplied text contains Items 2–6 and signatures only
- Proposed IonQ merger under January 25, 2026 agreement introduces transaction-completion risk
- Voting Agreement with certain stockholders creates merger-related governance obligations
- No director or Section 16 officer adopted or terminated a Rule 10b5-1 arrangement during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other SkyWater Technology, Inc quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.