Wolfspeed posts Q1 FY2027 results, announces $1.5 bn conditional DoD loan and new supply agreements
Wolfspeed Inc. reported first‑quarter fiscal 2027 revenue of about $155 million, a GAAP net loss of $144 million and adjusted EBITDA of negative $55 million. The company disclosed a conditional 30‑year, $1.5 billion loan commitment from the U.S. Department of War and expanded its silicon‑carbide wafer supply agreement with Infineon to include 200‑mm wafers. Management also announced a multiyear silicon‑carbide device supply deal with BorgWarner and highlighted progress on its proprietary transparent silicon‑carbide technology.
Why it matters
The loss and cash‑burn underscore ongoing financial pressure, while the conditional loan could provide significant interest savings and support future growth if finalized. The new supply agreements may improve revenue visibility and margin potential in the silicon‑carbide and emerging GaN markets.
Key facts
- 1Consolidated revenue was approximately $155 million, above the midpoint of guidance. sec.gov
- 2GAAP net loss was ($144) million and adjusted EBITDA (non‑GAAP) was ($55) million. sec.gov
- 3GAAP gross margin was (22) % and non‑GAAP gross margin was (13) %. sec.gov
- 4Operating cash flow was ($84) million. sec.gov
- 5The company announced a conditional 30‑year, $1.5 billion loan commitment from the U.S. Department of War. sec.gov
- 6Expanded and extended the existing 150‑mm silicon‑carbide wafer supply agreement with Infineon to include 200‑mm wafers. sec.gov
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.