Shares of silicon carbide power module-maker Wolfspeed (NYSE: WOLF) tumbled 15.2% through 11:40 a.m. ET Thursday after missing badly on its earnings report last night.
Heading into its fiscal Q4 2026 report, **** ysts already weren't optimistic, expecting Wolfspeed to lose $0.52 per share on sales of $223.6 million, but the news was actually much worse. Wolfspeed lost $2.26 per share -- four times as bad as expected -- and its sales were only $149.6 million.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Revenue plunged 24% year over year, with negative gross profit margins "earned" on those sales. (In fact, the negativity of the margin increased to 25%, meaning for every $1 in sales Wolfspeed booked, it lost $1.25 --before subtracting operating costs).
The good news is that this was a better result than Wolfspeed booked a year ago. The bad news is that it still left Wolfspeed with a big net loss -- actually $2.81 per share when calculated under generally accepted accounting principles (GAAP), worse than the pro forma loss of $2.26.
#flashing #million #actually
Heading into its fiscal Q4 2026 report, **** ysts already weren't optimistic, expecting Wolfspeed to lose $0.52 per share on sales of $223.6 million, but the news was actually much worse. Wolfspeed lost $2.26 per share -- four times as bad as expected -- and its sales were only $149.6 million.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Revenue plunged 24% year over year, with negative gross profit margins "earned" on those sales. (In fact, the negativity of the margin increased to 25%, meaning for every $1 in sales Wolfspeed booked, it lost $1.25 --before subtracting operating costs).
The good news is that this was a better result than Wolfspeed booked a year ago. The bad news is that it still left Wolfspeed with a big net loss -- actually $2.81 per share when calculated under generally accepted accounting principles (GAAP), worse than the pro forma loss of $2.26.
#flashing #million #actually
18 days ago
