Wolfspeed Q4 Revenue Down, Non-GAAP Loss Narrows Amid Strong Demand for Wide Bandgap Semiconductors

Wolfspeed Inc. reported a narrowed non-GAAP loss in fiscal Q4 and a decrease in revenue. The company is a leader in wide bandgap semiconductors, focusing on silicon carbide materials and devices for power applications. Its products are targeted for electric vehicles, fast charging, renewable energy, and storage. Wolfspeed's principal products include silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers.

Durham, North Carolina-based Wolfspeed Inc. (WOLF) reported a narrowed non-GAAP loss of $669.3 million in its fiscal fourth quarter, ending March 31, 2025. On a per-share basis, the company reported a loss of $4.30, compared to the average estimate of three analysts surveyed by Zacks Investment Research, which was for a loss of 72 cents per share [1].

The company's revenue for the period was $197 million, topping Street forecasts of $189.3 million. For the full fiscal year, Wolfspeed reported a loss of $1.61 billion, or $11.39 per share, with revenue of $757.6 million [1].

Wolfspeed, a leader in wide bandgap semiconductors, focuses on silicon carbide materials and devices for power applications. Its products are targeted for electric vehicles, fast charging, renewable energy, and storage. The company's principal products include silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers [2].

The results did not meet Wall Street expectations, but the company's revenue exceeded forecasts. Wolfspeed continues to invest in R&D and strategic growth initiatives, aiming to support solid financial performance despite end-market softness [3].

References:
[1] https://www.marketscreener.com/news/wolfspeed-fiscal-q4-earnings-snapshot-ce7c50d8dd8cf121
[2] https://finance.yahoo.com/news/wolfspeed-fiscal-q4-earnings-snapshot-202419173.html
[3] https://finance.yahoo.com/news/acls-ge-partner-advance-high-143600159.html