WOLFSPEED, INC. (WOLF) Form 8-K — Aug 19, 2026

$WOLFForm 8-KItems 2.02, 9.01Filed Aug 19, 2026, 4:40 PM ET0000895419-26-000049Original filing

Wolfspeed reported fiscal fourth quarter 2026 revenue of $149.6 million, in line with the midpoint of its guidance range but down roughly 24% from $197.0 million a year earlier, with a GAAP gross margin of negative 25% and a GAAP net loss of $145.4 million. Cash dynamics showed mixed progress: operating cash flow was negative $54.1 million and free cash flow negative $60.9 million, a sharp improvement from a year ago, while holders of $46 million of convertible notes voluntarily converted debt to equity and Wolfspeed ended June with $1.1 billion of cash and short-term investments.

Key figures

Eps: -$2.81 GAAP diluted; -$2.26 non-GAAP diluted (Q4 FY2026)
Revenue: $149.6 million (Q4 FY2026, Successor period)
Guidance: Q1 FY2027 revenue of $140-$160 million; non-GAAP gross margin expected to remain negative; non-GAAP operating expenses of $62-$66 million
Net Income: -$145.4 million GAAP net loss; -$116.9 million non-GAAP net loss (Q4 FY2026)
Total Debt: approximately $1.69 billion (long-term debt of $931.0 million plus convertible notes of $756.5 million, as reported)
Revenue Yoy: approximately -24% vs. $197.0 million in Q4 FY2025 (derived from stated figures)
Total Assets: $3,004.9 million as of June 28, 2026
Cash Position: $1,088.6 million in cash, cash equivalents and short-term investments as of June 28, 2026
Adjusted Ebitda: ($62.4) million vs. ($40.7) million year-ago
Free Cash Flow Q4: ($60.9) million vs. ($454.0) million year-ago
Gaap Gross Margin: (25)% vs. (13)% year-ago
Interest Expense Q4: $39.8 million net of capitalized interest
Ai Data Center Growth: more than doubled YoY in fiscal 2026; approximately +20% sequentially in Q4
Non Gaap Gross Margin: (20)% vs. (1)% year-ago
Stockholders Equity: $930.2 million
Operating Cash Flow Q4: ($54.1) million
Power Products Revenue Q4: $106.3 million
Successor Period Net Loss: ($415.8) million
Successor Period Revenue: $468.3 million (Sep 30, 2025 - Jun 28, 2026)
Weighted Avg Basic Shares Q4: 51,799 thousand
Convertible Notes Converted: $46 million voluntarily converted from debt to equity during Q4
Materials Products Revenue Q4: $43.3 million

Price after filing

1 day: 0.0%7 days: -14.4%30 days: -24.5%

Close on the filing date to close N calendar days later (from $31.46). Historical, not a forecast.

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