Wolfspeed, Inc.
31.99+1.23 (+4%)
Oct 29, 4:01:54 PM EDT · NYSE · WOLF · USD
Key Stats
Market Cap
827.11MP/E (TTM)
-Basic EPS (TTM)
-11.39Dividend Yield
0%Recent Filings
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.
10-K
FY2025 results
Wolfspeed's FY2025 revenue fell 6% year-over-year to $757.6 million, with power products flat at $414.0 million amid industrial and energy weakness, offset by automotive growth, while materials products dropped 12% to $343.6 million due to softer demand and customer order adjustments. Gross margin plunged to -16.1% from 9.6%, hammered by $97.1 million in restructuring charges, including accelerated depreciation and transition costs, plus unfavorable product mix shifts toward lower-margin automotive items; Q4 showed sequential margin deterioration from Q3 amid ongoing fab ramps. Operating loss ballooned to $1,329.2 million, driven by $417.6 million in restructuring expenses, $359.2 million goodwill impairment, and $55.8 million pre-petition costs, with Q4 momentum stalling on persistent underutilization at Mohawk Valley Fab. Liquidity stood at $955.4 million in cash and equivalents, down from $2,174.6 million, after $711.7 million in operating outflows and $1,031.0 million net capex; no dividends or buybacks occurred, but $240.4 million in incentives cushioned spending. No annual guidance was issued amid Chapter 11 proceedings filed post-year-end, targeting 70% debt reduction. Bankruptcy risks could derail quarterly recovery.
8-K
Wolfspeed's Q4 revenue dips
Wolfspeed reported Q4 fiscal 2025 revenue of $197 million, down slightly from $201 million last year, with Mohawk Valley Fab ramping to $94.1 million amid $23.6 million underutilization costs that dragged GAAP gross margin to -13%. Full-year revenue fell to $758 million from $807 million, posting a $1.6 billion net loss fueled by $359.2 million goodwill impairment and $417.6 million restructuring charges. The company eyes court approval of its Chapter 11 reorganization plan next month. Bankruptcy clouds recovery for shareholders.
8-K
Wolfspeed names new CFO
Wolfspeed appointed Gregor van Issum as CFO and EVP, effective September 1, 2025, succeeding interim leader Kevin Speirits, who returns to SVP Finance. Van Issum, with over 20 years at NXP and ams-OSRAM, brings restructuring expertise to guide Wolfspeed through its Chapter 11 bankruptcy toward profitability. His package includes $500,000 base salary, 75% target bonus, $450,000 sign-on, and $3M initial RSUs. Leadership refresh aids balance sheet agility amid market shifts.
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