Wolfspeed reported consolidated revenue of approximately $155 million for the first quarter of fiscal 2027, exceeding the midpoint of its guidance range. The company posted a GAAP net loss of $144 million and an adjusted EBITDA loss of $55 million. Operating cash flow was negative $84 million, while the balance sheet held $1 billion in cash, equivalents, and short-term investments. Additionally, Wolfspeed announced a conditional 30-year, $1.5 billion loan commitment from the U.S. Department of War to support its domestic wide bandgap supply chain. The company provided Q2 fiscal 2027 revenue guidance between $155 million and $175 million with non-GAAP gross margin expected to approach breakeven. Wolfspeed manufactures silicon carbide semiconductors for power electronics, RF devices, and advanced applications.
