Wolfspeed’s AI data-center business is booming, yet investors still punished the silicon-carbide maker after its fiscal fourth-quarter loss came in wider than expected, sending shares down about 12 percent.
Revenue of $150M landed at the midpoint of the company’s guidance. Data-center sales rose roughly 20 percent from the prior quarter and more than doubled for the full fiscal year, CEO Robert Feurle said on the earnings call. Power sales generated about $106M in the quarter, a 6 percent sequential rise, while materials added close to $43M.
Power-supply vendors Lite-On and Macre are ramping new design wins that back several hyperscaler programs. Feurle pointed to the industry’s move toward 800-volt power rails as a tailwind that lifts the silicon-carbide content of data-center power chains, opening extra demand for battery backup units, DC-DC conversion and eFuses.
The company’s 200mm transition is complete at Mohawk Valley in upstate New York. CFO Gregor van Issum put gross-margin break-even at roughly an $800M annual revenue run rate, while analysts kept their focus on cash burn as Wolfspeed works toward sustained profitability.
