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Wolfspeed financial performance and market volatility

Updated 1 time since CLSTR started tracking revisions of this situation.

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2026-08-20 17:32 UTC → 2026-08-25 00:54 UTC · added removed

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 a fiscal Q4 2026 earnings miss, with results that missed analyst expectations. The company reported a loss of $2.26 per share—notably share, significantly higher than the anticipated $0.52 loss. Quarterly loss, and revenue reached $149.6 of approximately $150 million, falling which fell short of the $223.6 million expected by analysts and marking analysts. This represented a 24% year-over-year decline. While Despite the company noted that 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, 2026 and increased approximately 20 percent sequentially in Q4, management issued guidance suggesting a revenue plateau of approximately $150 million for plateau. For fiscal Q1 2027. 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, with 2025. While the company is targeting 800-VDC data center architecture for growth, analysts suggesting suggest profitability may not be reached before fiscal year 2029. 2029, noting a required breakeven revenue of $800 million.

Versions

  1. 2026-08-25 00:54 UTC Wolfspeed financial performance and market volatility
  2. 2026-08-20 17:32 UTC Wolfspeed financial performance and market volatility

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