WhiteFiber (NASDAQ:WYFI) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

WhiteFiber (NASDAQ:WYFI) issued its earnings results on Wednesday. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.01, FiscalAI reports. WhiteFiber had a negative return on equity of 9.40% and a negative net margin of 45.24%.The company had revenue of $28.84 million for the quarter.

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

• NC1 entered active customer deployment, with approximately 20 MW available and initial billing underway. Management expects the full 40 MW contracted capacity to reach run-rate billing by the end of August, despite earlier switchgear-related delays.
• White Fiber signed more than $540 million in new multi-year cloud services agreements, including contracts with Baseten, Prime Intellect and an Iceland customer. These agreements are expected to support more than $200 million in annualized revenue once fully deployed and rely substantially on customer prepayments and third-party equipment financing.
• Second-quarter revenue increased 54% year over year to $28.8 million, while adjusted EBITDA rose to approximately $5.5 million from $3.3 million. Gross margin excluding depreciation and amortization improved to about 59% from 51% in the prior-year quarter.
• Management highlighted strong demand for AI infrastructure and a pipeline opportunity that could support approximately 60 MW in 2027 and more than 250 MW over time. White Fiber also secured exclusive access to 100 MW of liquid-cooled capacity from Crusoe beginning in 2027.
• The proposed secured financing for NC1 has taken longer than expected and remains subject to diligence, definitive documentation and customary approvals, with no assurance it will close on favorable terms or at all. White Fiber ended the quarter with $56.1 million of cash and added approximately $83.2 million of project-level equipment and bridge financing.

WhiteFiber Price Performance

WYFI stock traded up $1.36 during trading on Thursday, hitting $29.94. 1,426,446 shares of the company’s stock traded hands, compared to its average volume of 1,571,931. WhiteFiber has a 52 week low of $10.51 and a 52 week high of $46.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.77 and a current ratio of 2.77. The business has a fifty day simple moving average of $30.14 and a 200 day simple moving average of $22.83. The stock has a market capitalization of $1.16 billion and a price-to-earnings ratio of -20.70.

WhiteFiber News Summary

Here are the key news stories impacting WhiteFiber this week:

• Positive Sentiment: NC-1 deployment is advancing. WhiteFiber said its NC-1 facility has moved from construction into active customer deployment and is targeting full billing by the end of August. Management also highlighted multi-year cloud contracts, which could improve revenue visibility. WYFI Q2 Earnings Call Focuses on NC-1 Ramp and Cloud Expansion
• Positive Sentiment: Q2 revenue exceeded expectations. WhiteFiber reported revenue of $28.84 million and an adjusted loss of $0.39 per share, narrowly beating the consensus loss estimate of $0.40. The revenue beat helped support the recent rally, although the company still posted a negative net margin of 45.24%. WhiteFiber, Inc. Reports Second Quarter 2026 Results
• Positive Sentiment: New capacity partnership expands the AI infrastructure pipeline. WhiteFiber became Krambu’s exclusive GPU infrastructure operator, adding access to 100 megawatts of high-density, liquid-cooled capacity for enterprise AI and AI-lab deployments beginning in 2027. WhiteFiber and Krambu Partner to Bring 100MW of High-Density GPU Infrastructure Capacity to Market in 2027
• Positive Sentiment: BTIG reaffirmed its Buy rating and $50 price target, implying substantial upside from recent trading levels and reinforcing bullish sentiment. BTIG Reiterates Buy Rating on WhiteFiber
• Neutral Sentiment: WhiteFiber’s reported short interest was listed at zero shares, providing no evidence of meaningful short-covering pressure but also limiting the usefulness of the figure as a trading signal.
• Negative Sentiment: The company remains unprofitable, with a projected full-year loss, negative return on equity and ongoing dependence on execution, customer ramp-up and financing to fund capital-intensive AI infrastructure growth.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BTIG Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of WhiteFiber in a report on Wednesday. Barclays boosted their target price on shares of WhiteFiber from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Needham & Company LLC reaffirmed a “buy” rating on shares of WhiteFiber in a research note on Thursday. Weiss Ratings reiterated a “sell (d)” rating on shares of WhiteFiber in a report on Wednesday, June 24th. Finally, B. Riley Financial reiterated a “buy” rating on shares of WhiteFiber in a research note on Monday, May 18th. Eleven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.58.

Institutional Trading of WhiteFiber

Several hedge funds have recently made changes to their positions in WYFI. Situational Awareness LP purchased a new position in WhiteFiber in the fourth quarter worth about $27,770,000. Clearfield Capital Management LP raised its position in WhiteFiber by 426.6% during the fourth quarter. Clearfield Capital Management LP now owns 1,313,659 shares of the company’s stock valued at $20,756,000 after purchasing an additional 1,064,177 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of WhiteFiber by 4.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 600,315 shares of the company’s stock valued at $9,486,000 after purchasing an additional 24,189 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of WhiteFiber by 67.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 457,749 shares of the company’s stock valued at $7,232,000 after purchasing an additional 184,829 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of WhiteFiber in the 3rd quarter worth approximately $9,105,000.

About WhiteFiber

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.