Wolfspeed Q4 FY26: revenue $150M, GAAP net loss $145M, negative gross margins

WOLFSPEED, INC.

Revenue ~$150M, aligned with guidance midpoint; GAAP net loss $145M; adjusted EBITDA (non-GAAP) ($62)M.
GAAP gross margin (25)%, non-GAAP (20)%; operating cash flow ($54)M; cash and short-term investments $1.1B.
AI data center revenue more than doubled YoY in FY26, up ~20% sequentially in Q4; launched 5th-gen SiC MOSFET.
Q1 FY27 guidance: revenue $140-160M, non-GAAP gross margin negative, non-GAAP opex $62-66M.
Holders of $46M convertible notes voluntarily converted debt to equity during Q4, improving capital structure.

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