WOLF Q1 FY2027 earnings: EPS missed by 2.0%, revenue beat by 3.4%
Wolfspeed reported Q1 FY2027. EPS came in at -$2.03 against a -$1.99 consensus, missed by 2.0%. Revenue was $155.0M versus $149.9M expected, beat by 3.4%. Gross margin was -21.9%, up 270 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | -$2.03 | -$1.99 | missed by 2.0% |
| Revenue | $155.0M | $149.9M | beat by 3.4% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $155.0M | +3.6% | -21.2% |
| Gross profit | $-34.0M | +7.6% | +55.9% |
| Operating income | $-112.8M | +2.3% | +30.1% |
| Net income | $-143.8M | +1.1% | +77.7% |
| Diluted EPS | -$2.61 | +7.1% | +78.9% |
| Gross margin: -21.9%. |
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The trend
Revenue is down 21.2% from the same quarter last year. Gross margin sits at -21.9%, 980 bps off its 8-quarter high.
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How it stacks up
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