Wolfspeed Inc., a silicon carbide semiconductor manufacturer based in Durham, North Carolina, is set to release its fiscal fourth-quarter results on Wednesday, with analysts anticipating a 52-cent loss per share and revenue of $223.6 million.
The projected revenue represents a 13.5% increase from the prior-year period, though it trails the $150.2 million reported in the preceding quarter. Compared to a year earlier, the company is expected to report a narrower loss of 72 cents, improving from a 77-cent deficit in the same period of 2023.
Shares of Wolfspeed were trading at $34.96 on Tuesday, up 82.6% year-to-date but still 14% above the mean analyst price target of $30. The stock’s 52-week range spans from $1.16 to $80.82, with a market valuation of $1.82 billion. The company’s forward price-to-earnings ratio remains negative at -4.
Analyst sentiment remains neutral, with Susquehanna maintaining a hold rating while reducing its price target from $40 to $30. Revenue and earnings-per-share estimates have held steady over the past two months, despite Wolfspeed missing third-quarter revenue expectations by 28%.
Gross margins remain negative at -17.4%, reflecting ongoing operational challenges. However, the company reported sequential growth of approximately 30% in AI-related applications during the fiscal third quarter. Wolfspeed also recently announced a partnership with LITEON to develop 800VDC power solutions for hyperscale AI data centers.
As a leading North American player in the wide-bandgap semiconductor market alongside onsemi, Wolfspeed faces heightened scrutiny as investors weigh recovery prospects against persistent skepticism.
