Wolfspeed Posts $145M Loss, Guides Q1 Revenue to $140-160M
Summary
Wolfspeed reported Q4 FY2026 revenue of approximately $150 million, in line with guidance, but posted a GAAP net loss of $145 million and negative non-GAAP gross margin of (20)%. The company guided Q1 FY2027 revenue to $140-160 million with gross margin expected to remain negative. AI data center revenue more than doubled year-over-year, and the company launched its fifth-generation SiC MOSFET. This follows the company's emergence from Chapter 11 bankruptcy in September 2025 and recent registration of 24.07 million shares for resale, indicating ongoing financial strain. The $46 million voluntary conversion of convertible notes to equity reduces debt but adds dilution. Despite the earnings beat, Wolfspeed's stock fell, according to Barrons.com.
Updates
· Benzinga — Q4 revenue was $149.6 million, missing the $224.48 million consensus; adjusted loss per share was $2.26, beating the $2.45 estimate. Q1 revenue guidance is $140–160 million, below the $150.4 million analyst estimate.
At the time of this announcement, WOLF was trading at $30.22 on NYSE in the Technology sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $1.16 to $80.82. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.