Wolfspeed Inc.: Mixed — EPS -$2.03, Revenue $155M
Mixed ResultQ1 2027 · After-market
Did Wolfspeed Inc. (WOLF) beat earnings today?
It was a mixed report for Q1 2027 — Wolfspeed Inc. (WOLF) beat on revenue but missed on EPS.
Earnings Per Share-2.01% surprise
-$2.03Actual
Expected: -$1.99
vs. year ago -269.1%
Total Revenue+3.33% surprise
$155MActual
Expected: $150M
vs. year ago -21.2%
Released Nov 04 · 4:05 PM ET
Earning Report
| Metric | Q1 FY27 | Q1 FY26 | YoY Change % |
|---|---|---|---|
| Revenue | $155.00M | $196.80M | -21.2 |
| Revenue detail — reported lines | |||
| └─Power Products | $116.80M | $131.80M | -11.4 |
| └─Materials Products | $38.20M | $65.00M | -41.2 |
| Net Loss | ($143.80M) | ($643.60M) | - |
| GAAP Diluted EPS | ($2.61) | ($4.12) | - |
| Non-GAAP Diluted EPS | ($2.03) | ($0.55) | - |
Financial Outlook / Guidance
| Metric | Q2 FY27 Outlook |
|---|---|
| Guidance | |
| Revenue | $155M-$175M |
| Non-GAAP Gross Margin | approaching breakeven |
| Non-GAAP Operating Expenses | $65M-$69M |
Q2 FY27 Outlook
- Revenue
- Guidance$155M-$175M
- Non-GAAP Gross Margin
- Guidanceapproaching breakeven
- Non-GAAP Operating Expenses
- Guidance$65M-$69M
Business Highlights
- ➤Announced conditional 30-year, $1.5 billion U.S. Department of War loan commitment.
- ➤Expanded Infineon’s 150mm silicon carbide wafer supply agreement to include 200mm.
- ➤Announced multiyear silicon carbide device supply agreement supporting BorgWarner’s 800V inverter platform.
- ➤Received Megmeet’s Strategic Partner Award in the AI data center market.
- ➤Commercially introduced proprietary TSiC™ technology for AR, quantum computing and advanced optical applications.
Management Commentary
Robert Feurle, CEO
“We continued to build momentum across Wolfspeed and are advancing every pillar of our strategy. The conditional $1.5 billion commitment from the U.S. Department of War, coupled with the multiple long-term supply agreements we announced support our commitment to returning Wolfspeed to a path of long-term, sustainable growth.”
Gregor van Issum, CFO
“Our revenue results of $155 million were above the midpoint of guidance, and adjusted non-GAAP gross margin improved 710 basis points sequentially, on a slightly higher revenue base. Also, upon completion, the conditional loan commitment is expected to deliver significant annual interest savings, reinforcing our conviction that fiscal 2027 marks a turning point.”