Wolfspeed Q4 FY26 GAAP net loss narrows to USD 145.4 million; revenue drops to USD 149.6 million
Reuters2026/08/19 20:07- Wolfspeed posted Q4 fiscal 2026 revenue of USD 149.6 million, down 24.06% year-over-year, with GAAP net loss of USD 145.4 million.
- GAAP gross margin was negative 25%, worsening 12 percentage points year-over-year; non-GAAP gross margin was negative 20%.
- Adjusted EBITDA (non-GAAP) widened to negative USD 62.4 million; operating cash flow was negative USD 54.1 million.
- Cash, cash equivalents and short-term investments totaled USD 1.1 billion at June 28, 2026; $46 million of convertible notes converted to equity.
- Q1 fiscal 2027 revenue forecast at USD 140 million to USD 160 million; non-GAAP gross margin expected to remain negative.
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