)
Overview
<ul>
<li>Silicon carbide tech firm’s fiscal Q2 revenue reached $168 mln, with AI datacenter rev up 50% QoQ</li>
<li>Company reduced operating expenses by $200 mln annually and cut capital expenditures by 90%</li>
<li>Wolfspeed emerged from Chapter 11 bankruptcy, adopting fresh start accounting</li>
</ul>
Outlook
<ul>
<li>Wolfspeed expects fiscal third-quarter revenue between $140 mln and $160 mln</li>
<li>Company attributes revenue decline to accelerated customer purchases and weaker EV demand</li>
<li>Operating expenses expected to be flat or slightly down sequentially</li>
</ul>
Result Drivers
<ul>
<li>AI DATACENTER GROWTH - AI datacenter revenue increased 50% sequentially, reflecting strategic expansion in this sector</li>
<li>COST REDUCTIONS - Co reduced operating expenses by $200 mln annually and cut capital expenditures by 90% compared to Q2 FY 2025</li>
<li>PRODUCTION SHIFT - Completed shutdown of 150mm device production at Durham fab, shifting to 200mm device fab in Mohawk Valley</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q2 $168.50</h3>
Revenue mln
Q2 Net -$150.60
Income mln
<h3>Q2 -34.00%</h3>
Adjusted
Gross
Margin
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “hold” and the breakdown of recommendations is no “strong buy” or “buy”, 1 “hold” and 1 “sell” or “strong sell”</li>
<li>The average consensus recommendation for the semiconductors peer group is “buy.”</li>
<li>NOT AVAILABLE</li>
</ul>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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Wolfspeed Q2 revenue falls on weak EV demand