Wolfspeed Non-GAAP EPS of -$0.77 misses by $0.05, revenue of $197M beats by $5.61M

* Wolfspeed press release [https://seekingalpha.com/pr/20210727-wolfspeed-reports-financial-results-for-the-fourth-quarter-and-full-fiscal-year-2025] (NYSE:WOLF [https://seekingalpha.com/symbol/WOLF]): FQ4 Non-GAAP EPS of -$0.77 misses by $0.05.
* Revenue of $197M (-2.0% Y/Y) beats by $5.61M.
* Shares +0.38%.
* GAAP gross margin of (13)%, compared to 1%

* Non-GAAP gross margin of (1)%, compared to 5%

* GAAP and non-GAAP gross margin includes the impacts of underutilization costs primarily in connection with the start of production at the Mohawk Valley Fab. Underutilization was $23.6 million as compared to $24.0 million.

* GAAP loss per share of ($4.30), compared to ($1.39)

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