Wolfspeed Reports Fiscal Q1 Revenue of $155 Million, Sets Q2 Outlook
Fiscal Q1 2027 revenue was $155 million, above the midpoint of guidance. Adjusted non-GAAP gross margin rose 710 basis points sequentially. Wolfspeed targets fiscal Q2 revenue of $155 million–$175 million and non-GAAP operating expenses of $65 million–$69 million.
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09:13:34 PM UTC
SquawkNews
Nov 04 (Reuters) - Wolfspeed Q1 net income USD -143.8 million.
Wolfspeed reported fiscal Q1 2027 revenue of $155M, above the midpoint of guidance; adjusted non-GAAP gross margin rose 710 basis points sequentially. It targets fiscal Q2 revenue of $155M—$175M and non-GAAP operating expenses of $65M—$69M.Material DetailsContext by AI AnalystThis is an early post…