Wolfspeed Q1 FY27 net loss narrows 78% year over year to $143.8 million
WOLF•Wolfspeed’s first-quarter FY27 net loss narrowed 78% year over year to $143.8 million, while revenue fell 21% to $155 million, above the midpoint of guidance. The company targets second-quarter revenue of $155 million to $175 million and cited a conditional $1.5 billion, 30-year federal loan commitment.
1. Quarterly results
Wolfspeed’s first-quarter FY27 GAAP net loss narrowed 78% year over year to $143.8 million. Revenue declined 21% to $155 million, above the midpoint of guidance.
2. Loan and outlook
A conditional 30-year, $1.5 billion loan commitment from the U.S. Department of War would advance the domestic wide-bandgap supply chain. Wolfspeed targets second-quarter FY27 revenue of $155 million to $175 million.
