Outlook for Q1 fiscal 2027
- Wolfspeed expects Q1 fiscal 2027 revenue between $140 million and $160 million
- Company expects Q1 fiscal 2027 non-GAAP gross margin to remain negative
- Wolfspeed sees Q1 fiscal 2027 non-GAAP operating expenses between $62 million and $66 million
Analyst coverage and price target
- The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"
- The average consensus recommendation for the semiconductors peer group is "buy"
- Wall Street's median 12-month price target for Wolfspeed Inc is $30.00, about 3.1% below its August 19 closing price of $29.09
Result drivers and technology update
- Product-line declines – Q4 revenue fell 24% to $149.6 million as Power Products fell to $106.3 million and Materials Products to $43.3 million
- AI data center demand – Co said AI data center revenue more than doubled year over year and rose about 20% sequentially in Q4
- Technology advancement – Co launched fifth-generation SiC MOSFET, described as a significant step in its technology roadmap
Quarterly results miss estimates as legacy demand weakens
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