Wolfspeed is trading 10.62% down at $26.00 after its August 19 report revealed a substantial revenue shortfall versus analyst expectations.
- Fourth-quarter revenue was $149.6 million versus $223.55 million estimated; adjusted loss was $2.26 per share.
- Management guided first-quarter fiscal 2027 revenue to $140 million–$160 million and expects non-GAAP gross margin to remain negative.
- The miss outweighed AI data-center growth and debt-reduction progress, while nearly flat broader markets pointed to a company-specific catalyst behind continued overnight selling.