| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 196.80 | 1.1% |
| Total Income | 196.80 | 1.1% |
| Expenditure | 358.20 | 15.7% |
| PBT | -643.50 | 128.3% |
| Net Profit | -643.60 | 128.1% |
| OPM | -82.01% | |
| NPM | — | |
| EPS | -4.12 | 84.8% |
Wolfspeed Reports Q1 FY26 Revenue of $197 Million
04 May 2026 · 4 May, 8:38 am
Summary
Wolfspeed, Inc. announced its results for the first quarter of fiscal 2026. The company reported consolidated revenue of approximately $197 million, slightly up from $195 million in the same quarter last year. The GAAP gross margin was (39)%, while the non-GAAP gross margin was (26)%. The company expects a sequential decline in revenue for the next quarter, projecting revenue between $150 million and $190 million, due to accelerated customer purchases in the first fiscal quarter and ongoing market softness.
Key Highlights
- 1
Wolfspeed reported consolidated revenue of approximately $197 million for Q1 FY26, compared to $195 million in the first quarter of fiscal 2025.
- 2
Mohawk Valley Fab contributed $97 million in revenue during Q1 FY26, compared to $49 million in the same period last year.
- 3
The GAAP gross margin was (39)% for Q1 FY26, compared to (19)% for the first quarter of fiscal 2025.
- 4
Non-GAAP gross margin was (26)% for Q1 FY26, compared to 3% for the first quarter of fiscal 2025.
- 5
GAAP loss per share was $(4.12) for Q1 FY26, compared to ($2.23) in the same period last year, including $504 million of Reorganization Items.
- 6
Non-GAAP loss per share was $(0.55) for Q1 FY26, compared to $(0.91) for the first quarter of fiscal 2025.
- 7
Wolfspeed ended Q1 FY26 with $926 million of cash, cash equivalents & short-term investments.
Management Comments
Robert Feurle
“In my first months as CEO, I’ve been deeply impressed by the resilience and focus of the Wolfspeed team. Through our restructuring, we’ve strengthened the foundation of the company, emerging as a leaner organization with a focus on product innovation and market leadership. We’re building a stronger Wolfspeed that capitalizes on our world-class 200mm manufacturing footprint and leadership in silicon carbide. As we look ahead, we’re taking a disciplined approach to align the business with the near-term headwinds while advancing into new, high-growth applications like AI data centers, aerospace, and energy storage. We believe these actions position Wolfspeed to deliver sustainable growth and long-term value.”
Informational and educational content only. Not investment advice.