Wolfspeed reports Q4 fiscal 2026 revenue of $150 million
Wolfspeed said fourth-quarter fiscal 2026 revenue was $150 million, in line with the midpoint of guidance, while it sees non-GAAP operating expenses of $62 million to $66 million in Q1 fiscal 2027.
Wolfspeed (NYSE: WOLF ) released fourth-quarter financial results and hosted an earnings call on Wednesday.
Read the complete transcript below.
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For comprehensive financial data and transcripts, visit Access the full call at Summary Wolfspeed reported fourth-quarter fiscal 2026 revenue of $150 million, aligning with the midpoint of guidance.
The company experienced a 6% sequential growth in device revenue, driven by AI data center strength.
The company is progressing its strategic initiatives, including the launch of a dedicated Data Center Solutions team and the appointment of industry veterans to accelerate growth in AI and data center applications.
Wolfspeed expanded its product portfolio with Gen 5 MOSFET technology and 10 kV MOSFET commercial readiness, aiming to improve system efficiency in various applications, including automotive and AI data centers.
Operational highlights include a significant increase in AI-generated revenue, a new partnership with Toyota for EV onboard charging, and a memorandum with GE Aerospace for 10 kV SiC MOSFETs.
The company ended the quarter with $1.1 billion in cash and short-term investments, focusing on reducing debt and cost of capital.
Non-GAAP operating expenses are expected to range between $62 million and $66 million in Q1 fiscal 2027.
Management emphasized their commitment to operational excellence and financial discipline, aiming to achieve profitable growth and enhance shareholder value.
Full Transcript OPERATOR 2026 earnings call.
On the call today from the Wolfspeed team is Chief Executive Officer Robert Furle, Chief Financial Officer Gregor Van Eesom and Dan Whalen, Vice President, Investor Relations.
After today's prepared remarks, we will host a question and answer session.
I will now hand the conference over to Dan Whalen.
Dan, please go ahead.
Dan Whalen, Vice President, Investor Relations Thank you, Operator, and good afternoon, everyone.
Welcome to Wolfspeed's fourth quarter fiscal 2026 conference call.
We encourage you to reference the slides that were published on our IR website today.
Please note that we will be presenting non-GAAP financial results during today's call, which we believe provide useful information to our investors.
Non-GAAP results are not in accordance with GAAP and may not be comparable to non-GAAP information provided by other companies.
Non-GAAP information should be considered as a supplement to and not a substitute for financial statements prepared in accordance with GAAP.
A reconciliation to the most directly comparable GAAP measures is in our press release and posted in the Investor Relations section of our website along with the historical summary of our other key metrics.
Today's discussion includes forward-looking statements about our business outlook, and we may make other forward-looking statements during the call.
Such forward-looking statements are subject to numerous risks and uncertainties.
Our press release today and the SEC filings noted in the release mention important factors that could cause actual results to differ materially.
With that, I will turn the call over to Robert.
Robert Furle, Chief Executive Officer Thank you, and good afternoon, everyone.
We appreciate you joining us today.
This quarter marks another step in building momentum since we substantially refreshed our leadership team and capital structure.
The fourth quarter revenue result of $150 million represents another quarter of delivering results at the midpoint of the guidance range and further demonstrates we are delivering on our commitments.
Reflecting on this past fiscal year, we have proactively taken aggressive actions, including recapitalizing the company to strengthen the balance sheet and bolstering our leadership team and our sales organization with seasoned industry veterans.
We've also adjusted our go-to-market sales strategy and positioned the company to refocus on our technology leadership and a customer-centric approach.
But we have accomplished a lot as we continue to deliver on our commitments.
We remain early in our transformation, and as each month and quarter passes we continue to gain further confidence in our path to profitability as we execute our strategic priorities and navigate broader industry dynamics.
As I said on my very first earnings call leading the Wolfspeed team, we have enormous potential underpinned by strong foundation elements.