Monitor the progress of the conditional $1.5B Department of War loan commitment and its impact on interest expense and liquidity. The Q2 guidance for revenue growth and gross margin improvement toward breakeven will be the key near-term catalyst.
How the stock moved after the report
NEUTRAL VIEWSTOCK ABOVE ENTRY AT T+1- T+0 · Nov 5 $20.36entry
- T+1 · 4d ago +16.85%α +16.53% · $23.79
- T+3 · todayOpen
- T+5 · tomorrow Pending
- T+20 · in 24d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Wolfspeed reported Q1 fiscal 2027 revenue of $155.0M, above the $150.0M consensus, but GAAP net loss widened to $143.8M ($2.61 per share) from $119.9M in the prior quarter. Non-GAAP gross margin improved to (13)% from (21)% sequentially. The company guided Q2 revenue of $155M-$175M with non-GAAP gross margin approaching breakeven, and highlighted a conditional $1.5B loan commitment from the U.S. Department of War.
Key Financial Metrics
Key Facts
- Revenue $155.0M vs consensus $150.0M, above midpoint of guidance range
- GAAP net loss $143.8M ($2.61 per share) vs prior quarter loss $119.9M ($3.05)
- Non-GAAP gross margin improved to (13)% from (21)% sequentially
- Adjusted EBITDA loss of $54.7M vs $54.7M in prior quarter
- Operating cash flow negative $84.2M; free cash flow negative $96.5M
- Cash and short-term investments $995.1M, down from $1.16B in prior quarter
- Guidance: Q2 FY2027 revenue $155M-$175M, non-GAAP gross margin approaching breakeven
- Conditional $1.5B loan commitment from U.S. Department of War announced
- Power Products revenue $116.8M (down 11% YoY), Materials Products $38.2M (down 41% YoY)
Financial Impact
Revenue beat of $5M vs consensus; sequential non-GAAP gross margin improvement of 710 bps; cash burn of $84M operating cash flow
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Power Products | $116.8M | -11.4% |
| Materials Products | $38.2M | -41.2% |
Risk Factors
- Revenue still declining YoY (21% drop from $196.8M); Power Products down 11%, Materials down 41%
- Continued negative operating cash flow and free cash flow; cash burn reducing liquidity
- Conditional loan commitment not yet finalized; subject to due diligence and approvals
- GAAP net loss increased sequentially despite revenue beat
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000895419-26-000075 |
| Document: wolf-20261104.htm | 0000895419-26-000075 |
| Document: 0000895419-26-000075-index-headers.html | 0000895419-26-000075 |
| Document: 0000895419-26-000075-index.html | 0000895419-26-000075 |
| Document: 0000895419-26-000075.txt | 0000895419-26-000075 |
| 8-K Data (Synthetic) | 0000895419-26-000075 |
Track record
13 reports on WOLF
1 of 3 bullish or bearish reports moved the stock their way by T+20. Best: +54.65% at T+60 after the Jun 22, 2026 report. 1 of 3 went positive at some point.
Filters
- Nov 10, 2026today SC 13G Neutral 3/10 Entry $25.80 Now $26.23 +1.67% settles Dec 10
- Nov 10, 2026today SC 13G Neutral 2/10 Entry $26.59 Now $26.23 −1.35% settles Dec 9
- Nov 4, 20266d ago 8-K Neutral 5/10 Viewing Entry $20.36 Now $26.23 +28.83% settles Dec 4
- Oct 28, 202613d ago 8-K Neutral 3/10 Entry $24.95 Now $26.23 +5.13% settles Nov 27
- Oct 7, 20264w ago 8-K Bullish 7/10 Entry $31.02 to $20.36 Now $26.23 −15.44% ▼ −34.36% −29.08% vs SPY
- Sep 16, 20267w ago 8-K Neutral 3/10 Entry $23.74 to $25.91 Now $26.23 +10.49% ▲ +9.14% +7.68% vs SPY
- Sep 11, 20268w ago DEFA14A Neutral 2/10 Entry $23.96 to $28.03 Now $26.23 +9.47% ▲ +16.99% +14.72% vs SPY
- Aug 25, 202611w ago 8-K Neutral 2/10 Entry $26.93 to $26.30 Now $26.23 −2.60% ▼ −2.34% −2.57% vs SPY
- Jul 29, 202614w ago 8-K Neutral 3/10 Entry $20.06 to $26.93 Now $26.23 +30.76% ▲ +34.25% +29.23% vs SPY
- Jun 22, 202620w ago EFFECT Bearish 6/10 Entry $52.97 to $29.89 Now $26.23 +50.48% ▲ +43.57% +43.42% vs SPY
US Market Status
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