Overview

* Wolfspeed ( WOLF ) fiscal Q1 revenue rises slightly yr/yr but misses analyst expectations

* Company reports significant GAAP loss per share due to Chapter 11 reorganization items

* Wolfspeed ( WOLF ) maintains strong cash position with $926 mln in cash and investments

Outlook

* Wolfspeed ( WOLF ) expects Q2 revenue between $150 mln and $190 mln

* Company cites ongoing market softness through fiscal 2026

* Wolfspeed ( WOLF ) will not update long-term guidance until mid-2026

*

Result Drivers

* MOHAWK VALLEY FAB - Contributed $97 mln in revenue, up from $49 mln, indicating increased production capacity

* UNDERUTILIZATION COSTS - Impacted gross margins negatively due to $47 mln in costs from Mohawk Valley and Siler City Fabs

* CHAPTER 11 IMPACT - GAAP loss per share includes $504 mln of reorganization items related to Chapter 11 cases

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Miss $196.80 $211.94

Revenue mln mln (1

Analyst)

Q1 -$0.55

ADJUSTED

EPS

Q1 EPS -$4.12

Q1 Net -$643.60

Income mln

Q1 -26%

ADJUSTED

GROSS

MARGIN

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)