For its fiscal fourth quarter ending June 30, 2026, Wolfspeed is expected to report a consensus revenue of $153.5 million and a loss of $2.45 per share, with the stock currently trading at $23.62 against an average analyst price target of $25.00.
Investors are primarily focused on the utilization rate of the Mohawk Valley Fab, as the company works to reduce the significant underutilization charges that have pressured recent margins.
The company is navigating a complex recovery following its 2025 restructuring and Chapter 11 emergence, pivoting its strategy toward high-growth AI data center and aerospace applications to offset persistent softness in the global automotive electric vehicle market.
Management’s ability to improve non-GAAP gross margins from the negative 21% reported last quarter will be a critical indicator of the firm's progress in scaling its 200mm silicon carbide production capacity.