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.
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.