# Wolfspeed financial performance and market volatility

> Live situation record from CLSTR: https://clstr.news/situations/wolfspeed-financial-performance-and-market-volatility
> Updated: 2026-08-25T00:10:31.000Z. Sources: 5. Developments: 3.

Wolfspeed, a silicon-carbide semiconductor specialist, has experienced significant financial volatility and downward pressure on its stock. In early August, the company faced an analyst downgrade to ‘Strong Sell’ following a 19% revenue drop and a quarterly loss of $3.26 per share.

By late August, Wolfspeed reported fiscal Q4 2026 results that missed analyst expectations. The company reported a loss of $2.26 per share, significantly higher than the anticipated $0.52 loss, and revenue of approximately $150 million, which fell short of the $223.6 million expected by analysts. This represented a 24% year-over-year decline. Despite the miss, the $150 million revenue figure aligned with the midpoint of the company’s own guidance. 

Financial reports indicated a GAAP net loss of $145 million and a non-GAAP adjusted EBITDA loss of $62 million for the quarter. As of June 28, 2026, Wolfspeed held $1.1 billion in cash, cash equivalents, and short-term investments. 

While AI data center revenue more than doubled year-over-year for fiscal 2026 and increased approximately 20 percent sequentially in Q4, management issued guidance suggesting a revenue plateau. For fiscal Q1 2027, the company expects revenue between $140 million and $160 million and anticipates non-GAAP gross margins will remain negative. 

Wolfspeed is currently navigating a turnaround following a Chapter 11 restructuring at the end of 2025. While the company is targeting 800-VDC data center architecture for growth, analysts suggest profitability may not be reached before fiscal year 2029, noting a required breakeven revenue of $800 million.

## Timeline

### 2026-08-25: Wolfspeed reports $150 million in Q4 2026 revenue

Wolfspeed reported Q4 2026 revenue of $150 million, driven by doubling AI data center revenue, despite a GAAP net loss of $145 million and negative gross margins.

2 sources. https://clstr.news/cluster/wolfspeed-reports-150-million-in-q4-2026-revenue

### 2026-08-20: Wolfspeed shares tumble following significant earnings miss

Wolfspeed shares tumbled after a fiscal Q4 2026 earnings miss, reporting a $2.26 per share loss and lower-than-expected revenue despite growth in AI data center segments.

3 sources. https://clstr.news/cluster/wolfspeed-shares-tumble-following-significant-earnings-miss

### 2026-08-04: Wolfspeed and European Lithium see volatile stock moves amid analyst downgrades and merger delays

Wolfspeed’s stock rose 7.8% despite a Strong Sell downgrade, while European Lithium’s shares fluctuated amid merger delays with Critical Metals, reflecting broader market volatility.

3 sources. https://clstr.news/cluster/wolfspeed-and-european-lithium-see-volatile-stock-moves-amid-analyst-downgrades-and-merger-delays

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Cite as: Wolfspeed financial performance and market volatility. CLSTR, https://clstr.news/situations/wolfspeed-financial-performance-and-market-volatility