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05.05.26 - 22:06
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Wolfspeed Reports Financial Results for the Third Quarter of Fiscal 2026 (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2026.
Business Highlights
Continued sequential quarterly growth in AI data center applications of approximately 30%, reflecting a moderate but expanding part of the Company's business with meaningful long-term potential.
Launched first commercially available 10 kV SiC power MOSFET for grid modernization, industrial electrification and AI data center infrastructure.
Introduced next-gen TOLT portfolio to address growing AI data center demand.
Durham facilities now focused on materials production, further increasing earnings potential of the site.
CFIUS clearance and equity issuance to Renesas completes Chapter 11 procedures.
Quarterly Financial Highlights
Consolidated revenue of approximately $150 million, aligned with midpoint of guidance range.
GAAP gross margin of (27)% and Non-GAAP gross margin of (21)%.
GAAP net loss of $120 million and adjusted EBITDA of ($62) million.
Operating cas...
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