WhiteFiber (NASDAQ:WYFI) Issues Earnings Results

WhiteFiber (NASDAQ:WYFI) issued its earnings results on Thursday. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07), FiscalAI reports. WhiteFiber had a negative net margin of 45.24% and a negative return on equity of 9.00%. The company had revenue of $21.92 million during the quarter. The company’s revenue for the quarter was up 30.4% on a year-over-year basis.

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 Price Performance

NASDAQ WYFI traded down $5.79 during mid-day trading on Friday, reaching $24.20. 3,365,423 shares of the stock were exchanged, compared to its average volume of 1,671,918. WhiteFiber has a one year low of $10.51 and a one year high of $40.75. The stock has a 50 day simple moving average of $16.40 and a 200-day simple moving average of $18.73. The stock has a market cap of $928.55 million and a P/E ratio of -21.23.

Analysts Set New Price Targets

WYFI has been the topic of a number of research analyst reports. HC Wainwright cut their target price on shares of WhiteFiber from $34.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a research report on Friday, March 27th. Needham & Company LLC raised their price target on shares of WhiteFiber from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday. Cantor Fitzgerald raised their price target on shares of WhiteFiber from $13.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday. Finally, BTIG Research raised their price target on shares of WhiteFiber from $20.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, WhiteFiber presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

WhiteFiber News Roundup

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, signaling significant upside potential from current levels. Needham raises WhiteFiber target to $38, keeps Buy
• Positive Sentiment: BTIG Research lifted its price target to $35 from $20 and kept a buy rating, adding to the bullish post-earnings sentiment around the stock. BTIG raises WhiteFiber target to $35, keeps Buy
• Positive Sentiment: Cantor Fitzgerald raised its price target to $27 from $13, reflecting a more constructive view even though it maintained a neutral rating. Cantor Fitzgerald raises WhiteFiber target to $27, keeps Neutral
• Neutral Sentiment: WhiteFiber reported first-quarter revenue of $21.92 million, up about 30% year over year, and said gross margins and adjusted EBITDA were positive, but EPS came in at a loss of $0.31, missing estimates. WhiteFiber Q1 2026 results
• Negative Sentiment: The earnings release also showed a wider-than-expected quarterly loss, which may limit near-term upside despite strong revenue growth. WhiteFiber Q1 earnings transcript

Hedge Funds Weigh In On WhiteFiber

Hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new position in WhiteFiber during the fourth quarter worth $30,000. Royal Bank of Canada raised its stake in WhiteFiber by 108.2% during the fourth quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock worth $37,000 after buying an additional 1,244 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in WhiteFiber during the fourth quarter worth $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in WhiteFiber during the fourth quarter worth $55,000. Finally, MetLife Investment Management LLC bought a new position in WhiteFiber during the fourth quarter worth $106,000.

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.