Wolfspeed (WOLF) Stock Falls 11% After Q4 Revenue Misses Wall Street Forecasts

TLDR

• WOLF stock fell 11% in after-hours trading after reporting Q4 results
• EPS loss of $2.26 beat one estimate but badly missed another analyst consensus of $0.52 loss
• Q4 revenue came in at $149.6 million, below some Wall Street forecasts of $223.55 million
• AI data center revenue more than doubled year-over-year and grew 20% quarter-over-quarter
• Q1 guidance set at $140 million to $160 million revenue, with gross margins still under pressure

Wolfspeed stock dropped 11% in after-hours trading on Tuesday after the silicon carbide chipmaker posted its fourth-quarter results. The stock had already closed regular trading down 7.5%, settling at $26.00 before the report hit.

Wolfspeed Inc., WOLF
The company reported a Q4 EPS loss of $2.26. That beat one set of analyst estimates pegging the loss at $2.45, but badly missed another consensus figure of a $0.52 loss, depending on the source. Revenue came in at $149.6 million, which was in line with some forecasts but well below others that had expected $223.55 million.

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