---
title: "Wolfspeed Q2 revenue falls on weak EV demand"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274868468.md"
datetime: "2026-02-04T21:16:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274868468.md)
  - [en](https://longbridge.com/en/news/274868468.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274868468.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274868468.md) | [繁體中文](https://longbridge.com/zh-HK/news/274868468.md)


# Wolfspeed Q2 revenue falls on weak EV demand

)

Overview

-   Silicon carbide tech firm’s fiscal Q2 revenue reached $168 mln, with AI datacenter rev up 50% QoQ
-   Company reduced operating expenses by $200 mln annually and cut capital expenditures by 90%
-   Wolfspeed emerged from Chapter 11 bankruptcy, adopting fresh start accounting

Outlook

-   Wolfspeed expects fiscal third-quarter revenue between $140 mln and $160 mln
-   Company attributes revenue decline to accelerated customer purchases and weaker EV demand
-   Operating expenses expected to be flat or slightly down sequentially

Result Drivers

-   AI DATACENTER GROWTH - AI datacenter revenue increased 50% sequentially, reflecting strategic expansion in this sector
-   COST REDUCTIONS - Co reduced operating expenses by $200 mln annually and cut capital expenditures by 90% compared to Q2 FY 2025
-   PRODUCTION SHIFT - Completed shutdown of 150mm device production at Durham fab, shifting to 200mm device fab in Mohawk Valley

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

### Q2 $168.50

Revenue mln

Q2 Net -$150.60

Income mln

### Q2 -34.00%

Adjusted

Gross

Margin

Analyst Coverage

-   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”
-   The average consensus recommendation for the semiconductors peer group is “buy.”
-   NOT AVAILABLE

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.)

### Related Stocks

- [State Street® SPDR® S&P® Smcndctr ETF (XSD.US)](https://longbridge.com/en/quote/XSD.US.md)
- [VanEck Semiconductor ETF (SMH.US)](https://longbridge.com/en/quote/SMH.US.md)
- [Direxion Daily Semicondct Bull 3X ETF (SOXL.US)](https://longbridge.com/en/quote/SOXL.US.md)
- [Wolfspeed, Inc. (WOLF.US)](https://longbridge.com/en/quote/WOLF.US.md)
- [iShares Semiconductor ETF (SOXX.US)](https://longbridge.com/en/quote/SOXX.US.md)

## Related News & Research

- [Wolfspeed Secures $379 Million Convertible Notes and $96.9 Million Equity to Refinance 2030 Debt](https://longbridge.com/en/news/279845418.md)
- [Firsthand Capital Management Inc. Trims Holdings in Wolfspeed, Inc. $WOLF](https://longbridge.com/en/news/279240686.md)
- [Silverback Asset Management LLC Invests $8.19 Million in Wolfspeed, Inc. $WOLF](https://longbridge.com/en/news/279118409.md)
- [Wolfspeed appoints regional president, Greater China](https://longbridge.com/en/news/279158205.md)
- [Ferrari dismisses any dispute over the name of its future electric car](https://longbridge.com/en/news/279411625.md)