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AI brief of an SEC Form 8-K · WOLFSPEED, INC. (WOLF)

Wolfspeed Q1 revenue falls to $155.0 million; net loss narrows to $143.8 million

Mixed Impact 3 of 5 earnings Written later

Wolfspeed reported first-quarter fiscal 2027 revenue of $155.0 million, down from $196.8 million a year earlier, and a GAAP net loss of $143.8 million, versus $643.6 million in the prior-year quarter, which included reorganization items. The company also guided second-quarter revenue to $155 million to $175 million, and the filing notes that results after its September 29, 2025 emergence from Chapter 11 are not comparable with earlier periods.

Key points

  • Revenue was $155.0 million, down from $196.8 million in the year-earlier quarter and above the midpoint of the company's guidance range.
  • GAAP net loss was $143.8 million, or $2.61 per share, compared with a net loss of $643.6 million, or $4.12 per share, a year earlier.
  • Non-GAAP net loss was $111.4 million, or $2.03 per diluted share, compared with $85.2 million, or $0.55 per share, a year earlier.
  • Second-quarter fiscal 2027 targets are revenue of $155 million to $175 million and non-GAAP operating expenses of $65 million to $69 million.

The filing

CompanyWOLFSPEED, INC. (WOLF)
Form8-K, current report
Filed with the SECNov 4, 2026, 4:20 PM ET
Accession number0000895419-26-000075

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.