Wolfspeed — First Quarter Fiscal 2027 Earnings Summary

Wolfspeed reported first-quarter fiscal 2027 consolidated revenue of $155 million, exceeding its guidance midpoint. The company recorded a GAAP net loss of $143.8 million and an adjusted non-GAAP EBITDA loss of $54.7 million, while maintaining $995.1 million in cash, cash equivalents, and short-term investments. Recent strategic developments include a conditional $1.5 billion loan commitment from the U.S. Department of War and expanded supply agreements with Infineon and BorgWarner. Management projects second-quarter fiscal 2027 revenue between $155 million and $175 million with non-GAAP gross margins approaching breakeven.