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Get filing alertsWolfspeed reports Q4 revenue of $150M with negative 25% gross margin, $145M net loss
Filed August 19, 2026 · Period ending August 19, 2026 · ~1 min read
Key Changes
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high
Q4 FY2026 revenue of $150M aligned with guidance, but GAAP gross margin was negative 25% and net loss was $145M. Adjusted EBITDA was negative $62M. Company held $1.1B in cash at quarter-end.
Exhibit 99.1 view on EDGAR → -
high
Q1 FY2027 guidance calls for $140M–up to $160M revenue with non-GAAP gross margin expected to remain negative, signaling continued operating losses.
Exhibit 99.1 view on EDGAR → -
high
AI data center revenue more than doubled year-over-year in FY2026 and grew ~20% sequentially in Q4, representing a moderate but growing opportunity.
Exhibit 99.1 view on EDGAR → -
medium
Holders of $46M convertible notes voluntarily converted debt to equity during Q4, reducing debt burden and improving capital structure.
Exhibit 99.1 view on EDGAR → -
medium
Launched fifth-generation SiC MOSFET, described as a significant advancement in the company's technology roadmap.
Exhibit 99.1 view on EDGAR →
Summary
Wolfspeed reported fourth-quarter fiscal 2026 results that met revenue guidance but underscored the company's ongoing profitability challenges. Revenue of $150 million came with a GAAP gross margin of negative 25% and a net loss of $145 million. The company burned $54 million in operating cash flow during the quarter but maintained $1.1 billion in cash and short-term investments.
First-quarter fiscal 2027 guidance projects $140 million to up to $160 million in revenue with gross margin expected to remain negative, indicating the path to profitability remains uncertain. The company reported progress in AI data center revenue, which more than doubled year-over-year and grew approximately 20% sequentially in the fourth quarter.
Wolfspeed also launched its fifth-generation silicon carbide MOSFET and benefited from $46 million in voluntary debt-to-equity conversions by convertible note holders, which improved its capital structure. For holders, the key question is whether AI data center growth and technology advances can offset the sustained negative margins and cash burn before the $1.1 billion cash cushion erodes.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
During the fourth quarter, our capital structure further improved as holders of $46 million of our convertible notes exercised a voluntary conversion of their debt to equity
Holders of $46 million of Wolfspeed's convertible notes voluntarily converted their debt to equity during the fourth quarter. This reduces the company's debt burden and improves its capital structure, though the company remains in a negative-margin operating environment.
Added in current filing · view on EDGAR →
AI data center revenue more than doubled year-over-year in fiscal 2026 and increased approximately 20% sequentially in the fourth quarter, demonstrating the long-term potential of this moderate but growing opportunity.
Wolfspeed's AI data center revenue more than doubled year-over-year in fiscal 2026 and grew approximately 20% sequentially in the fourth quarter. The company views this as a moderate but growing opportunity and launched a dedicated Silicon Valley-based data center solutions team to capitalize on this end market.
Added in current filing · view on EDGAR →
Launched fifth-generation SiC MOSFET, representing a significant advancement in the Company's technology roadmap.
Wolfspeed launched its fifth-generation silicon carbide MOSFET, which the company describes as a significant advancement in its technology roadmap. This product launch is intended to strengthen the company's technology leadership in the silicon carbide power device market.
Added in current filing · view on EDGAR →
The Company expects to generate revenue between $140 million and $160 million for its first quarter of fiscal 2027 with non-GAAP gross margin expected to remain negative. The Company expects non-GAAP operating expenses between $62 million and $66 million for its first quarter of fiscal 2027.
Wolfspeed guided first-quarter fiscal 2027 revenue to $140 million to $160 million, with non-GAAP gross margin expected to remain negative. Non-GAAP operating expenses are expected to be $62 million to $66 million. The guidance indicates continued operating losses in the near term.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 20, 2026 · How we verify