Wolfspeed Stock News

Wolfspeed's transition to a silicon carbide provider has led to massive capital expenditures and significant operating losses, failing to meet revenue expectations. The company has resorted to survival tactics, including restructuring and dilutive equity offerings, severely impacting common equity holders. With net debt ballooning to $5.2 billion and no revenue growth, the financial outlook rem...

Wolfspeed's future is uncertain due to financing issues and a lack of clarity from new management, leading to a neutral rating on the stock. Despite hitting revenue targets, Wolfspeed faces declining sales and must achieve cash flow positive status by FY26 through cost reductions and facility closures. The company has significant funding gaps, with only partial financing secured for its expansi...

Shares of Wolfspeed (WOLF -26.18%) are crashing on Friday. The chipmaker's stock plunged 25.8% as of 3:32 p.m.

The chip company is looking to slash costs, improve its finances and cope with growth woes.

The problem is that it was promised $750 million from the government under Joe Biden's CHIPS Act, but receiving it may be a problem as President Donald Trump tries to undo his predecessor's work.

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed” or the “Company”), a global leader in silicon carbide technology, today announced the appointments of Paul Walsh and Mark Jensen to the Company's Board of Directors (the “Board”). Both Mr. Walsh and Mr. Jensen will serve as members of the Audit Committee. Tom Werner, Chairman of the Board, commented, “We are pleased to add...

Wolfspeed, Inc. (NYSE:WOLF ) Q3 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Tyler Gronbach - Vice President of External Affairs Tom Werner - Chairman of the Board Robert Feurle - Chief Executive Officer Neill Reynolds - Chief Financial Officer Operator Hello, everyone. Thank you for joining the Wolfspeed Incorporated Third Quarter Fiscal 2025 Earnings Call.

Chipmaker Wolfspeed forecast 2026 revenue below Wall Street estimates and reported a 7% decline in third-quarter revenue on Thursday, sending its shares down 11% in extended trading.