Wolfspeed’s stock fell 10.5% to $26.03 in pre-market trading after the company reported a fiscal fourth-quarter loss that exceeded expectations and revenue that missed analyst forecasts.
The silicon carbide wafer and power semiconductor manufacturer posted an adjusted loss of $2.26 per share for the quarter, compared with a consensus estimate of a $0.52 loss. Quarterly revenue totaled $149.6 million, down roughly 33% from the $223.55 million expected by analysts and representing a 24% year-over-year decline.
The company’s shares had opened at $31.50 before the drop. Wolfspeed’s 52-week range stands at $1.16 to $80.82.
For the first quarter of fiscal 2027, Wolfspeed guided revenue between $140 million and $160 million, broadly in line with the $150.4 million consensus. The outlook did little to reassure investors, as the company’s profitability prospects remained a key concern.
TD Cowen maintained a Hold rating on the stock following the earnings release. Analysts noted that while an AI data center partnership with LITEON was strategically meaningful, it was insufficient to signal an imminent path to profitability.
The broader market benchmarks—Dow Jones, S&P 500 and Nasdaq—were not cited as primary drivers of the move.
