Financial Performance - For the period from September 30, 2025, to December 28, 2025, net revenue was $168.5 million, a decrease of $12 million or 6.6% compared to the three months ended December 29, 2024, which had revenue of $180.5 million[203]. - The cost of revenue for the Successor period was $246.8 million, resulting in a gross loss of $78.3 million, compared to a gross loss of $37.2 million in the prior period[203]. - Net loss for the Successor period was $150.6 million, compared to a net income of $1,063.8 million in the prior period, reflecting a significant change due to the restructuring[203]. - The operating loss for the Successor period was $158.4 million, an improvement of $164.6 million or 51.0% compared to an operating loss of $323.0 million in the previous period[203]. Revenue Breakdown - Power products generated $118.3 million in revenue, accounting for 70.2% of total revenue, while materials products contributed $50.2 million, representing 29.8%[203]. - Net sales of Power Product offerings increased to $118.3 million, representing 70.2% of total revenue, driven by automotive and industrial applications[212]. - Net sales of Materials Product offerings decreased due to lower volumes, with a significant drop in revenue from long-term supply agreements compared to fiscal 2025[206]. Expenses - Research and development expenses were $24.9 million, a decrease of $19 million or 43.9% compared to $44.4 million in the previous period[203]. - Sales, general and administrative expenses were $29.4 million, down by $22 million or 42.5% from $51.1 million in the prior period[203]. - Restructuring and other operating expenses decreased by 83% to $28.2 million, primarily due to reduced restructuring charges[208]. - Research and development costs decreased to $24.9 million, reflecting planned reductions in wafer spend and lower personnel costs[212]. Cash Flow and Liquidity - Cash and cash equivalents increased to $1,028.8 million as of December 28, 2025, up $561.6 million from $467.2 million on June 29, 2025[217]. - Net cash used in operating activities for the period from September 30, 2025, to December 28, 2025, was ($42.6) million, a decrease of approximately $262 million compared to the same period in the previous year[217]. - Cash provided by investing activities increased by $1.3 billion compared to the six months ended December 29, 2024, primarily due to a planned decrease in capital expenditures and receipt of $700 million in refundable tax credits[221]. - Net cash used in financing activities increased by $617 million, primarily due to $565 million used to repay senior secured notes related to Chapter 11[221]. - The company reduced its overall debt by approximately 70%, or $4.6 billion, following the emergence from Chapter 11[218]. - The company has take-or-pay inventory supplier agreements requiring a minimum of $174 million in purchases over the next four years[219]. - As of December 28, 2025, the company did not have any off-balance sheet arrangements, ensuring liquidity and capital resources are not subject to off-balance sheet risks[222]. Strategic Focus - The company is focused on accelerating its path to profitability, advancing technology leadership, and driving operational excellence as part of its long-term growth strategy[198]. - The company continues to explore opportunities for product adoption in new industries such as AI, datacenters, grid modernization, and renewable energy[199]. - The company continues to evaluate strategic opportunities, including potential acquisitions and joint ventures, and may access capital markets for funding[220]. Accounting and Restructuring - The company emerged from Chapter 11 bankruptcy on September 29, 2025, adopting fresh start accounting, which resulted in a new basis of accounting[195][196]. - A $23 million increase in work-in-progress and finished goods inventory was recognized in cost of revenue due to fresh start accounting[206]. - Interest expense decreased significantly due to lower outstanding debt obligations following the emergence from Chapter 11[210]. - Non-operating expense increased to $67 million, primarily due to changes in the fair value of liability-classified derivative contracts[211]. - The company expects to incur significant underutilization costs until market demand meets production capacity[206]. - The company emerged from Chapter 11 on September 29, 2025, issuing new secured financing totaling $2.1 billion, including $1.3 billion in new Senior Secured Notes due 2030[215].

二季度财报公布后，Wolfspeed股价下跌18.1%。 来源：滚动播报 ...

来源：滚动播报 高通跌9.6%，Q2业绩指引不及预期。Wolfspeed跌22.7%，Q2每股收益和销售额均不及预期。谷歌跌 6.2%，财报超预期但资本支出指引爆表。蔚来涨7.1%，首次录得单季度经调整经营利润。叮咚买菜跌 13.5%，美团拟7.17亿美元收购该公司。 ...

Significant earnings per share (EPS) miss: WOLF reported an EPS of -$6.11, far below the estimated -$0.73.Growth in AI data center revenue: Despite overall financial challenges, WOLF experienced a 50% quarter-over-quarter growth in this segment.Financial restructuring: With $700 million in Section 48D cash tax refunds, WOLF used $175 million to retire long-term debt, strengthening its capital structure.Wolfspeed, Inc. (NYSE:WOLF) is a key player in the semiconductor industry, specializing in silicon carbide ...

Core Viewpoint - The Belgian government is in discussions with French utility Engie regarding potential extensions of the country's nuclear reactors [1] Group 1 - The talks have resumed, indicating a renewed interest in nuclear energy as part of Belgium's energy strategy [1]

Wolfspeed (NYSE:WOLF) Q2 2026 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsBrian Lee - Chief Risk OfficerGregor van Issum - CFOJed Dorsheimer - Group Head Energy ResearchJoe Cardoso - VP of Equity ResearchRobert Feurle - CEOTyler Gronbach - VP of Investor RelationsConference Call ParticipantsChristopher Rolland - Senior Equity Analyst of SemiconductorsOperatorThank you for standing by, and welcome to the Wolfspeed Inc. Second Quarter Fiscal Year 2026 earnings call. At this time, all parti ...

Wolfspeed (NYSE:WOLF) Q2 2026 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsBrian Lee - Chief Risk OfficerGregor van Issum - CFOJed Dorsheimer - Group Head Energy ResearchJoe Cardoso - VP of Equity ResearchRobert Feurle - CEOTyler Gronbach - VP of Investor RelationsConference Call ParticipantsChristopher Rolland - Senior Equity Analyst of SemiconductorsOperatorThank you for standing by, and welcome to the Wolfspeed Inc. Second Quarter Fiscal Year 2026 Earnings Call. At this time, all parti ...

Wolfspeed (NYSE:WOLF) Q2 2026 Earnings call February 04, 2026 05:00 PM ET Speaker5Thank you for standing by, and welcome to the Wolfspeed Inc. Second Quarter Fiscal Year 2026 earnings call. At this time, all participants are in a listen-only mode. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypa ...

Core Viewpoint - Wolfspeed, Inc. reported disappointing second-quarter earnings following its emergence from Chapter 11 bankruptcy, with significant losses and revenue that fell short of analyst expectations [1][2]. Financial Performance - The company reported a quarterly loss of $5.78 per share, which may not align with estimates due to the application of fresh start accounting after bankruptcy [2]. - Quarterly revenue was $168.5 million, missing the analyst consensus estimate of $170 million [2]. Segment Performance - AI data center revenue experienced a notable growth of approximately 50% quarter-over-quarter, indicating expansion in this segment [2]. Management Commentary - CEO Robert Feurle emphasized the company's commitment to maintaining balance sheet strength and pursuing disruptive innovation following financial restructuring [3]. Stock Performance - Following the earnings report, Wolfspeed's stock fell by 8.98%, closing at $15.72 in extended trading [3].

Wolfspeed FY26 Q2 Earnings February 2026 © 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. NON-GAAP MEASURES & FORWARD LOOKING STATEMENTS Non-GAAP Financial Measures: This presentation highlights the Company's financial results on both a GAAP and a non-GAAP basis. The GAAP results include certain costs, charges and expenses that are excluded from non-GAAP results. By publishing the non-GAAP measur ...