Wolfspeed Reports Q1 2027 Results with Revenue Beat and New Government Loan Agreement
Wolfspeed (WOLF) reported first-quarter revenue of $155 million, exceeding the midpoint of its previous guidance. The company saw a 10% sequential growth in power revenue driven by industrial and energy demand, while AI data center revenue more than doubled year-over-year on a trailing twelve-month basis. Despite these gains, the company reported a GAAP net loss of $144 million, though this represents a significant improvement from the $644 million loss recorded in the prior year period. To support its domestic wide bandgap supply chain, Wolfspeed secured a conditional $1.5 billion 30-year loan agreement with the U.S. Department of War. This financing is expected to provide substantial interest savings through refinancing and in-kind payments. Management remains focused on increasing factory utilization—specifically at Mohawk Valley—to reach a break-even revenue target of less than $200 million per quarter.
Tickers: $WOLF
Topics: gross margin improvement liquidity net loss reduction revenue growth workforce reduction
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Part of the story Wolfspeed Reports Q1 2027 Results with Revenue Beat and New Government Loan Agreement (4 articles)