Wolfspeed Misses Q1 Estimates: Will Weak Q2 Outlook Drag Shares Down?

Wolfspeed (WOLF) reported a first-quarter fiscal 2025 non-GAAP loss of 91 cents per share, which increased from the year-ago quarter’s loss of 53 cents per share. The figure missed the Zacks Consensus Estimate by 9.90%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $194.7 million decreased 1.4% year over year and lagged the consensus mark by 2.71%. Mohawk Valley Fab contributed $49 million in revenues in the reported quarter.Power Products accounted for 49.9%, while Mater ...