Wolfspeed Q1 FY27 net loss narrows 78% year over year to USD 143.8 million
Bitget2026/11/04 21:25- Wolfspeed’s first-quarter FY27 GAAP net loss narrowed 78% year over year to USD 143.8 million.
- Revenue fell 21% year over year to USD 155 million, above the midpoint of guidance.
- A conditional 30-year, USD 1.5 billion loan commitment from the U.S. Department of War would advance the domestic wide-bandgap supply chain.
- Second-quarter FY27 revenue is targeted between USD 155 million and USD 175 million.
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