Why Wolfspeed Stock Crashed Today

Wolfspeed stock plummeted 16.41% after reporting fiscal Q4 2026 earnings that significantly missed expectations. The company posted a loss of $2.26 per share (four times worse than expected) on revenue of $149.6 million, down 24% year-over-year with negative gross margins of -25%. While AI data center revenue doubled year-over-year, Q1 2027 guidance of ~$150 million suggests growth has stalled. Analysts project continued revenue declines ahead.