WOLF
Wolfspeed, Inc.17.85
+0.11+0.62%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Q&A details diversification execution
Q&A fleshed out Wolfspeed's diversification push, detailing an application-oriented sales pivot with new talent building channels for AI data centers, industrial energy, and aerospace—progressing beyond EV focus. AI revenue's 50% QoQ surge hits energy storage, solid-state transformers, UPS, and cooling sockets; early 300mm substrate talks tease thermal uses. Management eyes first-lien refinancing before mid-2026 rate step-up for material savings, post-150mm shutdown. EV sampling emphasizes U.S. vertical integration. No walk-backs. Fab transition complete. Investors eye utilization ramp.
Key Stats
Market Cap
462.18MP/E (TTM)
-Basic EPS (TTM)
-13.28Dividend Yield
0%Recent Filings
8-K
Execs get $19M equity grants
Wolfspeed amended employment agreements on December 12, 2025, granting CEO Feurle $10M in RSUs/PSUs, CFO van Issum $5M, and COO Emerson $4M, all valued via a $19.98/45-day VWAP reference and vesting over three years through FY2028. PSUs tie 50% to Relative TSR vs Russell 3000, 25% to revenue, 25% to LFCF, with 0-200% payouts. Retention locked in. Forfeiture hits on early exit.
8-K
Wolfspeed nets $699M tax refunds
Wolfspeed received $698.6 million in IRS cash tax refunds under Section 48D on December 1, 2025, boosting cash to $1.5 billion. It will retire $175 million debt using $192.2 million, freeing funds for 200mm silicon carbide ramp and diversification into AI data centers, aerospace, and energy. Liquidity surges now.
8-K
Wolfspeed exits bankruptcy
Wolfspeed emerged from its prepackaged Chapter 11 reorganization on September 29, 2025, adopting fresh start accounting with a $2.6B enterprise value and $3.8B reorganization value. It issued $1.26B New Senior Secured Notes due 2030 and $2nd-lien notes totaling ~$1B, while cancelling old equity for 25.8M new shares. Pro forma Q1 loss shrinks to $162.5M. Regulatory approvals for Renesas shares remain uncertain.
8-K
Wolfspeed exits bankruptcy
Wolfspeed's prepackaged Chapter 11 plan emerged from bankruptcy on September 29, 2025, cancelling all prior common shares. Existing stockholders snag pro rata portions of 1,306,903 new shares at a 0.008352 ratio. Contingent on hitting regulatory milestones by the deadline, they could grab another 871,287 shares at 0.005568. Equity wipeout stings, but recovery hinges on approvals.
8-K
Wolfspeed plan confirmed
Wolfspeed's prepackaged Chapter 11 plan gained court confirmation on September 8, 2025, paving the way for emergence in coming weeks with 70% debt slashed. Existing common stock cancels entirely, handing shareholders 3% or 5% of new equity, diluted by issuances. Equity trading stays wildly speculative. This revamp bolsters finances for silicon carbide push, yet conditions like regulatory nods loom.
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