Why is Wolfspeed stock tumbling today?
Investing.com -- Wolfspeed stock is tumbling 10.5% in pre-open trading today to reach $26.03, extending a sharp after-hours selloff that followed the company’s fiscal Q4 2026 earnings release on Wednesday evening. The results were deeply disappointing on both key metrics: the company reported an adjusted loss of $2.26 per share against a consensus estimate of a $0.52 loss, while quarterly revenue of $149.6 million fell roughly 33% short of the $223.55 million analysts had expected and represented a decline of approximately 24% compared to the same period a year earlier.
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Investing.com -- Wolfspeed stock is tumbling 10.5% in pre-open trading today to reach $26.03, extending a sharp after-hours selloff that followed the company’s fiscal Q4 2026 earnings release on Wednesday evening. The results were deeply disappointing on both key metrics: the company reported an adjusted loss of $2.26 per share against a consensus estimate of a $0.52 loss, while quarterly revenue of $149.6 million fell roughly 33% short of the $223.55 million analysts had expected and represented a decline of approximately 24% compared to the same period a year earlier. Adding to the pressure, TD Cowen reiterated a Hold rating on the stock in the wake of the earnings release, a signal that at least one closely followed firm sees limited near-term upside. Forward guidance for the first quarter of fiscal 2027 — revenue in the range of $140 million to $160 million — was broadly in line with the $150.4 million analyst consensus, but the tepid outlook did little to offset investor concern about the company’s widening losses and negative gross margins.
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Why it matters
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- What's the story?
- Investing.com -- Wolfspeed stock is tumbling 10.5% in pre-open trading today to reach $26.03, extending a sharp after-hours selloff that followed the company’s fiscal Q4 2026 earnings release on Wednesday evening. The results were deeply disappointing on both key metrics: the company reported an adjusted loss of $2.26 per share against a consensus estimate of a $0.52 loss, while quarterly revenue of $149.6 million fell roughly 33% short of the $223.55 million analysts had expected and represented a decline of approximately 24% compared to the same period a year earlier.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 8m ago.
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Why is Wolfspeed stock tumbling today?
Sources1TypeCoverageInvesting.com · Stock Market