WhiteFiber (NASDAQ:WYFI) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

WhiteFiber (NASDAQ:WYFI) announced its quarterly earnings data on Thursday. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.07), FiscalAI reports. The business had revenue of $21.92 million during the quarter. The company’s revenue was up 30.4% compared to the same quarter last year.

Here are the key takeaways from WhiteFiber’s conference call:

• WhiteFiber reported Q1 revenue of $21.9 million, up 31% year over year, with gross margin of 60.2% and positive adjusted EBITDA of $3 million, showing continued top-line growth and profitability at the gross level.
• The NC1 data center in North Carolina is nearing initial capacity delivery, with Duke Energy having delivered the first 54 gross MW and the company expecting initial capacity to begin coming online within weeks. Management said a minor switchgear-related timing issue should not materially affect the project economics or customer commissioning.
• WhiteFiber said NC1 is backed by a long-term agreement with Nscale and could expand significantly over time, with plans to market an additional 45 MW tranche this summer and potential utility-driven growth to about 300 gross MW.
• The company completed the purchase of MTL-3 after quarter end, which it says will reduce lease payments by about CAD 3.1 million annually and give it more control over a revenue-generating asset with potential power expansion.
• Management highlighted a strong cloud pipeline, saying it is tracking more than 50,000 GPUs and about $3.3 billion of weighted pipeline value, while expecting cloud revenue to resume sequential growth in Q3 and accelerate in the second half of the year.

WhiteFiber Trading Down 0.5%

Shares of WhiteFiber stock opened at $26.90 on Friday. WhiteFiber has a 12-month low of $10.51 and a 12-month high of $40.75. The firm’s 50 day simple moving average is $16.25 and its two-hundred day simple moving average is $18.69. The firm has a market capitalization of $1.03 billion and a price-to-earnings ratio of -26.31.

Institutional Trading of WhiteFiber

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of WhiteFiber during the third quarter valued at about $1,167,000. Principal Financial Group Inc. purchased a new stake in WhiteFiber during the 3rd quarter worth about $1,534,000. J.W. Cole Advisors Inc. acquired a new position in shares of WhiteFiber during the third quarter worth about $260,000. JPMorgan Chase & Co. purchased a new stake in shares of WhiteFiber in the 3rd quarter valued at approximately $2,718,000. Finally, Vanguard Group Inc. acquired a new stake in WhiteFiber in the third quarter valued at $6,563,000.

Key Headlines Impacting WhiteFiber

Here are the key news stories impacting WhiteFiber this week:

• Positive Sentiment: Needham & Company raised its price target on WhiteFiber to $38 from $36 and reiterated a buy rating, implying meaningful upside from the recent share price. Needham price target increase
• Positive Sentiment: BTIG Research also boosted its price target on WhiteFiber to $35 from $20, signaling increased confidence in the company’s growth outlook after the earnings release. BTIG price target increase
• Positive Sentiment: WhiteFiber’s first-quarter results showed revenue growth of about 31% year over year to $21.9 million, reflecting strong demand for its AI infrastructure and colocation services. Q1 revenue rises 31%
• Neutral Sentiment: Management highlighted strategic progress on its AI infrastructure platform and said adjusted EBITDA was positive, but the company is still reporting a net loss and continued heavy investment spending. Q1 2026 results
• Negative Sentiment: Despite the revenue surge, WhiteFiber missed earnings estimates, reporting a loss of $0.31 per share versus expectations for a $0.24 loss, which may temper enthusiasm around the rally. Earnings miss

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WYFI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WhiteFiber in a research report on Friday, March 27th. HC Wainwright lowered their target price on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 27th. BTIG Research upped their target price on shares of WhiteFiber from $20.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday. Needham & Company LLC increased their target price on shares of WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday. Finally, Cantor Fitzgerald upped their price objective on WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

WhiteFiber Company Profile

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.