earnings
confidence high
sentiment negative
materiality 0.75
Wolfspeed Q3 FY26: rev $150M, GAAP net loss $120M, adj EBITDA -$62M
WOLFSPEED, INC.
2026-Q3 EPS reported
-$8.27
revenue$318,700,000
- Revenue ~$150M in line with guidance; GAAP gross margin -27%, non-GAAP -21%.
- GAAP net loss $120M; adjusted EBITDA -$62M; operating cash flow -$84M.
- Refinanced ~$476M first-lien debt, reducing total debt by $97M and annual interest by ~$62M.
- Cash and short-term investments $1.2B as of March 29, 2026.
- Q4 FY26 revenue guidance $140-160M; gross margins expected to remain negative.
item 2.02item 9.01