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Wolfspeed (WOLF) guidance and outlook
Wolfspeed (WOLF) gave its guidance on Nov 4, 2026: Revenue $155M for Q2 FY2027; Gross margin +710 bps for Q2 FY2027; Operating expenses $65.0M–$69.0M for Q2 FY2027. Wolfspeed's 10-Q filed Nov 5, 2026 makes 20 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q2 FY2027 | $155M | new |
| Gross margin | Q2 FY2027 | +710 bps | new |
| Revenue | Q2 FY2027 | $155M–$175M | new |
| Operating expenses | Q2 FY2027 | $65.0M–$69.0M | new |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- While subject to due diligence and the negotiation of Definitive Agreements, among other conditions, the Facility is currently expected to have a 30-year maturity and a 36-month commitment period during which the Company can draw on the various tranches (should the significant conditions, which shall be finalized in the definitive transaction documentation, for such draws be met).
- Proceeds of the Facility would be used (a) on the closing date with the proceeds of the initial tranche, to refinance in full the Company’s outstanding New Senior Secured Notes and to pay transaction fees and expenses, subject to the Company entering into the Project Undertaking (as defined below), which shall require the Company to complete the Project (as defined below) and (b) thereafter with the proceeds of…
- No assurances can be made that the Company will successfully negotiate and enter into Definitive Agreements or obtain funding in the Expected U.S.
- The Chapter 11 filings, including the Plan and the Disclosure Statement filed on June 30, 2025, were intended to facilitate a comprehensive balance sheet restructuring pursuant to a Restructuring Support Agreement executed on June 22, 2025, with key stakeholders, including (i) holders of more than 97% of the Company’s Senior Secured Notes due 2030, (ii) holders of more than 67% of the Company’s outstanding 1.75%…
- We continue to expect increased mid- and long-term demand growth, however the timing and extent of these increases remains uncertain.
- However, new technologies or standards could emerge or improvements could be made in existing technologies that could reduce or limit the demand for our products in certain markets.
- We believe these efforts will support our goals of delivering long-term growth and profitability, while enabling us to continue to invest in our business to further develop the technologies and accelerate the growth opportunities of silicon carbide materials and silicon carbide power devices and modules.
- The next 53-week fiscal year will be for our 2030 fiscal year.
- We expect to continue to incur underutilization costs for as long as market demand for our products remains below our production capacity;
- • $23 million decrease in write-downs related to customer-specific inventory we intend to scrap, partially attributable to our ongoing restructuring activities and gross increases of new reserves;
- Given our current cash and investments position, we believe we will be able to fund daily operating expenses, debt service, working capital and capital requirements for at least the next 12 months.
- Our currently anticipated sources of liquidity for the remainder of fiscal 2027 include:
Wolfspeed's latest quarter
Wolfspeed, Q1 FY27: revenue $155M (-21% year over year), operating margin -72.8%, net loss $144M, operating cash flow −$84.2M. The chart follows the revenue to costs, profit and cash.
Questions
Did Wolfspeed raise or lower its guidance?
Wolfspeed (WOLF) gave its guidance on Nov 4, 2026: Revenue $155M for Q2 FY2027; Gross margin +710 bps for Q2 FY2027; Operating expenses $65.0M–$69.0M for Q2 FY2027.
What does Wolfspeed expect?
While subject to due diligence and the negotiation of Definitive Agreements, among other conditions, the Facility is currently expected to have a 30-year maturity and a 36-month commitment period during which the Company can draw on the various tranches (should the significant conditions, which shall be finalized in the definitive transaction documentation, for such draws be met). Proceeds of the Facility would be used (a) on the closing date with the proceeds of the initial tranche, to refinance in full the Company’s outstanding New Senior Secured Notes and to pay transaction fees and expense
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.