Wolfspeed Inc. (NYSE:WOLF) shares are trending on Tuesday night.Shares of the North Carolina-based semiconductor company fell 0.37% in after-hours trading to $19.05 on Tuesday.According to Benzinga Pro data, the stock closed regular trading up 7.78% at $19.12.Leadership Hire Targets EMEA GrowthOn Tuesday, Wolfspeed announced the appointment of Stefan Steyerl as vice president of sales for the Europe, Middle East and Africa region, effective March 1.Earlier, he held senior leadership roles at multinational s ...

Investment Rating - The investment rating for the semiconductor and semiconductor production equipment industry is "Positive" and maintained [14]. Core Insights - The silicon carbide (SiC) industry is undergoing a dual transition of new and old driving forces, along with a reshaping of the supply landscape. Demand is shifting from traditional applications like electric vehicles and photovoltaics to AI chip cooling, driven by a surge in computing power needs. This new demand is expected to grow at a higher rate and with long-term certainty, creating a dual driving force alongside a stable fundamental base. On the supply side, domestic companies are leading breakthroughs in 12-inch substrate R&D and pilot production, while overseas leader Wolfspeed is entering bankruptcy restructuring due to ongoing massive losses, accelerating the global supply chain's shift towards China. Domestic substrate companies are poised to capture the dual dividends of "computing power β + domestic α," propelling SiC from a material supplier to a core enabler of computing infrastructure, initiating a new growth cycle characterized by simultaneous increases in volume and price [5][13]. Summary by Sections AI Demand and Constraints - The explosive growth in computing power is facing three rigid constraints: economic, technical, and performance-related. The rising costs associated with process upgrades and design investments are deteriorating the input-output ratio. Technically, transistor miniaturization is approaching atomic scales, leading to quantum tunneling and leakage effects, which slow down single-thread performance growth. Performance-wise, while multi-core stacking increases total computing power, it results in GPU power consumption exceeding 400W, with future overall power consumption potentially surpassing 1kW, creating a "power wall" that restricts frequency enhancement and long-term stability [11][26]. Silicon Carbide as a Cooling Material - Silicon carbide has been validated in high-reliability scenarios such as electric vehicles and photovoltaic inverters over the past decade. Its material properties enable efficient cooling for computing power: a thermal conductivity of 4.9 W/cm·K (about three times that of silicon), low thermal expansion coefficient, and high Young's modulus. Laser-assisted through-silicon vias can precisely construct high aspect ratio 3D thermal channels, significantly optimizing heat flow paths. Stress tests confirm its superiority over silicon-based solutions in controlling radial stress and axial strain [12][13]. Market Growth and Supply Restructuring - The SiC industry is at a historic turning point with "demand expansion + supply restructuring." The demand side sees AI chip cooling creating a new market, with TSMC's CoWoS capacity expected to reach 1 million pieces per month by 2026, potentially generating over $1 billion if 30% adopts SiC solutions. Coupled with steady growth in the renewable energy sector, the industry is entering a high-growth phase driven by dual forces. On the supply side, leading domestic companies are accelerating the realization of their capacity plans, while Wolfspeed's bankruptcy is shifting global supply chain dominance towards China. In this context, leading companies with technological barriers and deep customer ties are set to fully capture the dual dividends of "computing power β + domestic α," elevating SiC from a material supplier to a core enabler of computing infrastructure [13][14].

While it has a better balance sheet, problems persist.Coming out of bankruptcy, Wolfspeed (WOLF 5.40%) was expected to offer investors a way to play the silicon carbide market without the shackles of its overly burdensome debt. However, the company's fiscal second-quarter earnings report showed that many of the problems that plagued the company and led to its bankruptcy still exist.NYSE : WOLFWolfspeedToday's Change( -5.40 %) $ -0.85Current Price$ 14.89Key Data PointsMarket Cap$408MDay's Range$ 14.85 - $ 16 ...

Group 1 - The company offers income-focused investment options for those preferring lower-risk firms with consistent dividend payouts, demonstrating a strong track record of outperforming across various market conditions over the past decade [1] - Value Investor's Edge has achieved an annualized return of nearly 40% with a long-only model portfolio return exceeding 23 times over the last ten years [1] Group 2 - The analyst has previously covered Wolfspeed, Inc. (WOLF), indicating that this article serves as an update to earlier analyses of the company [2] - The analyst has a historical focus primarily on tech stocks but has expanded coverage to include the offshore drilling, supply, and shipping industries, as well as the emerging fuel cell industry [3]

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 ...

Group 1 - Qualcomm's stock fell by 9.6% due to Q2 earnings guidance that did not meet expectations [1] - Wolfspeed's stock dropped by 22.7% as both Q2 earnings per share and sales figures fell short of forecasts [1] - Google's stock decreased by 6.2% despite exceeding earnings expectations, attributed to capital expenditure guidance that was significantly higher than anticipated [1] Group 2 - NIO's stock rose by 7.1% after reporting its first-ever adjusted operating profit in a single quarter [1] - Dingdong Maicai's stock declined by 13.5% following Meituan's proposal to acquire the company for $717 million [1]

Core Insights - Wolfspeed, Inc. (NYSE:WOLF) is a significant player in the semiconductor industry, focusing on silicon carbide and gallium nitride materials for power and radio frequency applications [1] Financial Performance - The company reported an earnings per share (EPS) of -$6.11, which is significantly lower than the anticipated EPS of -$0.73, indicating ongoing financial difficulties [2][6] - WOLF's revenue for the quarter was $168.5 million, slightly below the forecasted $170 million, but it achieved a 50% quarter-over-quarter increase in AI data center revenue, suggesting potential for future growth [3][6] Financial Restructuring - WOLF benefited from approximately $700 million in Section 48D cash tax refunds, using $175 million to pay down long-term debt, which has strengthened its capital structure [4][6] - As of December 28, 2025, the company had $1.3 billion in cash, cash equivalents, and short-term investments, allowing for a concentrated focus on core business operations [4] Financial Ratios - The company has a negative price-to-earnings (P/E) ratio of -1.37, but a strong current ratio of 7.73, indicating its ability to meet short-term obligations [5] - WOLF's negative debt-to-equity ratio of -6.77 suggests a higher level of liabilities compared to equity, while its enterprise value to sales ratio is 9.47, reflecting its market valuation relative to sales [5]

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 ...