Wolfspeed Reports Financial Results for the First Quarter of Fiscal 2027
Business Wire•04/11/2026•16:05 ET
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Key Highlights
- ➤Conditional 30-year, $1.5 billion U.S. Department of War loan commitment announced
- ➤Q1 revenue $155 million, above the midpoint of guidance
- ➤Q1 GAAP net loss $144 million; adjusted EBITDA loss $55 million
- ➤Q2 revenue targeted at $155 million-$175 million, with gross margin approaching breakeven
- ➤Infineon supply agreement expanded from 150mm silicon carbide wafers to include 200mm
Expert Statements
Robert Feurle, CEO of Wolfspeed
“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 of Wolfspeed
“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.”
Wolfspeed Reports Financial Results for the First Quarter of Fiscal 2027
Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the first quarter of fiscal 2027.
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