🔴 Wolfspeed is trading 10.48% down in after-hours trading after continued negative non-GAAP gross-margin guidance

Wolfspeed is trading 10.48% down at $26.00 in after-hours trading after its August 19, 2026 fiscal fourth-quarter earnings release, as continued negative non-GAAP gross-margin guidance overshadowed its earnings beat.

• Revenue of $149.6 million met the guidance midpoint; the non-GAAP loss of $2.26 beat expectations.
• Gross margins remained negative, while fiscal first-quarter 2027 revenue guidance was $140 million–$160 million and included continued negative non-GAAP gross margins.
• Management highlighted AI data-center growth and debt reduction efforts.