On August 20, Wolfspeed Inc. declined 8.25% in regular trading, trading at $26.05/share, with turnover of $15.80 million. The decline follows the company's fiscal Q4 earnings report released after market close the prior day, which revealed a significant revenue miss and expanding losses.

Wolfspeed reported Q4 revenue of $149.6 million, far below the consensus estimate of $224.475 million and down 24% year-over-year. Adjusted EPS came in at a loss of $2.26, wider than the $0.77 loss a year earlier, though slightly better than the $2.45 loss expected by analysts. GAAP gross margin was -25%, with adjusted gross margin at -20%. For fiscal Q1, the company guided revenue of $140 million to $160 million, with a midpoint of $150 million, slightly below the $150.4 million consensus.

The earnings miss compounds pressure from earlier in the week, when an independent research report indicated that large-scale adoption of NVIDIA's native 800V DC architecture would be delayed beyond 2028. Wolfspeed had just announced a strategic partnership with Liteon Technology in early August to support 800V DC power solutions for hyperscale AI data centers. The stock had already fallen approximately 16% over the two sessions prior to the earnings release on this delay news, and the revenue shortfall further confirmed concerns about a slowing revenue recovery.

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