Let p : X → S be a flat, proper and regular scheme over a strictly henselian discrete valuation ring. We prove that the singularity category of the special fiber with its natural two-periodic structure allows to recover the ℓ-adic vanishing cohomology of p.Along the way, we compute homotopy-invariant non-connective algebraic K-theory with compact support of certain embeddings X t ֒→ X T in terms of the motivic realization of the dg category of relatively perfect complexes.