<span item_type="fundamental" item_id="32761fd9e046c6eab42797c00c0846ae" counter_id="ST/US/WOLF" env="prod"></span><span item_type="announcement" item_id="580259939104068993" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 196.8 M, beating the estimate of USD 195.37 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -4.12.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -169.6 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Power Products</strong>: Revenue increased to $131.8 million from $97.1 million, a 36% increase, primarily due to growth in the automotive end market and increased revenue through the distribution channel.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/895419/000089541925000132/wolf-20250928.htm"></span></li><li><strong>Materials Products</strong>: Revenue decreased to $65.0 million from $97.6 million, a 33% decrease, primarily due to substrate customers adjusting orders to match weaker end market demand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/895419/000089541925000132/wolf-20250928.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Gross Loss</strong>: Increased to -$77.1 million from -$36.2 million, with gross margin decreasing to -39.2% from -18.6%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/895419/000089541925000132/wolf-20250928.htm"></span></li><li><strong>Operating Loss</strong>: Decreased to -$161.4 million from -$230.1 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/895419/000089541925000132/wolf-20250928.htm"></span></li><li><strong>Net Loss</strong>: Increased to -$643.6 million from -$282.2 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/895419/000089541925000132/wolf-20250928.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: Cash provided by operating activities was $5.7 million compared to cash used in operating activities of -$132.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/895419/000089541925000132/wolf-20250928.htm"></span></li><li><strong>Investing Cash Flow</strong>: Net cash provided by investing activities was $136.9 million compared to net cash used in investing activities of -$193.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/895419/000089541925000132/wolf-20250928.htm"></span></li><li><strong>Financing Cash Flow</strong>: Net cash used in financing activities was -$39.0 million compared to net cash provided by financing activities of $4.8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/895419/000089541925000132/wolf-20250928.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Reorganization Items, Net</strong>: Included professional fees and debt valuation adjustments totaling $503.8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/895419/000089541925000132/wolf-20250928.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company is focused on accelerating product innovation, optimizing manufacturing processes, and improving financial performance, including capital structure optimization.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/895419/000089541925000132/wolf-20250928.htm"></span></li><li><strong>Non-Core Business</strong>: The company plans to continue pursuing federal funding opportunities and expects to receive additional incentives related to the AMIC refundable tax credits during fiscal 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/895419/000089541925000132/wolf-20250928.htm"></span></li></ul><h3>Priority</h3><ul><li>The company emphasizes the transition to 200mm substrate production as critical to achieving manufacturing scale and cost competitiveness.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/895419/000089541925000132/wolf-20250928.htm"></span></li></ul>

Wolfspeed | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 196.8 M