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Wolfspeed Reports Financial Results for the Fourth Quarter of Fiscal 2026
DURHAM, N.C., August 19, 2026–(BUSINESS WIRE)–Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the fourth quarter of fiscal 2026.
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AI data center revenue more than doubled year-over-year in fiscal 2026 and increased approximately 20% sequentially in the fourth quarter, demonstrating the long-term potential of this moderate but growing opportunity.
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Launched fifth-generation SiC MOSFET, representing a significant advancement in the Company’s technology roadmap.
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10kV MOSFET named “Top Innovation” at the 2026 Power Conversion and Intelligent Motion conference and announced Memorandum of Understanding with GE Aerospace.
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Launched a dedicated data center solutions team, based in Silicon Valley, to capitalize on and supplement growth in our fastest growing end <a href="https://bitcomme.com/can-bloom-energy-keep-beating-the-market/” title=”Can Bloom Energy Keep Beating the Market?”>market and a strategic collaboration with LITEON Technology.
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Appointed Andy Mattes, experienced public technology company executive, to the Board of Directors.
Quarterly Financial Highlights
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Consolidated revenue of approximately $150 million, aligned with midpoint of guidance range.
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GAAP gross margin of (25)% and Non-GAAP gross margin of (20)%.
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GAAP net loss of $145 million and adjusted EBITDA (non-GAAP) of ($62) million.
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Operating cash flow of ($54) million.
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$1.1 billion of cash, cash equivalents and short-term investments as of June 28, 2026.
“We continued to expand our device business, highlighted by strong growth in AI data center applications and the launch of our fifth-generation SiC MOSFET. These achievements strengthen our technology leadership and confidence in our long-term growth opportunities,” said Wolfspeed CEO Robert Feurle.
“We are aggressively targeting initiatives to further reduce our debt and cost of capital as well as enhance our financial positioning,” said Wolfspeed CFO Gregor van Issum. “During the fourth quarter, our capital structure further improved as holders of $46 million of our convertible notes exercised a voluntary conversion of their debt to equity”.
The Company expects to generate revenue between $140 million and $160 million for its first quarter of fiscal 2027 with non-GAAP gross margin expected to remain negative. The Company expects non-GAAP operating expenses between $62 million and $66 million for its first quarter of fiscal 2027. Please see “Non-GAAP Guidance” below for additional information.
Wolfspeed will provide additional commentary on a conference call at 5:00 p.m. Eastern time today reviewing the highlights of its fourth quarter results.
