Wolfspeed Q4 Results Mixed, Revenue Misses Estimates

Wolfspeed Inc reported mixed fourth-quarter results after Wednesday's close, with revenue falling short of Wall Street expectations. Here's an overview of the details inside the report.

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Wolfspeed Q4 Details

Wolfspeed reported an adjusted loss of $2.26 per share for the quarter, beating the consensus estimate of a $2.45 loss.

Quarterly revenue came in at $149.6 million, missing the Wall Street expectation of $224.48 million.

"We continue to expand our device business, highlighted by strong growth in AI data center applications and the launch of our fifth-generation SiC MOSFETs. These achievements reinforce our technology leadership and confidence in long-term growth opportunities," said Wolfspeed CEO Robert Feurle.

Looking Ahead

Wolfspeed expects first-quarter revenue to be between $140 million and $160 million, compared to analyst expectations of $150.4 million.

WOLF Stock Price Action: According to data, Wolfspeed shares fell 6.33% to $27.25 in Wednesday's after-hours trading.