Exhibit 99.1 Wolfspeed Reports Financial Results for the Third Quarter of Fiscal Year 2025 DURHAM, N.C. May 8, 2025 -- Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2025. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the third quarter of fiscal 2024.) "At the beginning of the year, the Company outlined a plan focused on strengthening our capital structure, improving our path to profitability, and raising cost effective capital t ...

Wolfspeed (WOLF) is set to report its third-quarter fiscal 2025 results on May 8.For third-quarter fiscal 2025, WOLF expects non-GAAP net loss between 76 cents and 88 cents per share. Revenues are expected to be between $170 million and $200 million.The Zacks Consensus Estimate for third-quarter fiscal 2025 loss is pegged at 82 cents per share, unchanged over the past 30 days. Wolfspeed reported a loss of 62 cents per share in the year-ago quarter.The consensus estimate for revenues is pegged at $186.3 mill ...

Core Viewpoint - Wolfspeed has experienced significant stock volatility due to short-squeeze events and is focusing on improving its capital structure and cost-cutting measures while facing challenges in revenue and debt management [2][7][8]. Company Performance - Wolfspeed's stock price has dropped over 80% in the past two years, with a steady decline in revenue since 2016, although there has been some growth since 2020 [4]. - The company currently has a high debt burden exceeding $4 billion, which raises concerns about its financial stability if cash flow issues persist [7]. Financial Guidance - The company has reaffirmed its revenue guidance for 2025, expecting revenues between $170 million and $200 million, with gross margins projected between -3% and 7% [9]. - Earnings per share are anticipated to range from -$0.88 to $0.76, with potential volatility based on deviations from these estimates [11]. Operational Developments - Wolfspeed is undergoing a restructuring plan that includes a 20% workforce reduction and aims to achieve $200 million in revenue by fiscal year 2026 [13]. - The company is also speculated to receive $750 million in funding from the CHIPS Act, although this has not yet been approved [15][16]. Market Position and Future Prospects - The Mohawk Valley wafer plant is seen as a growth engine, with last quarter revenues of $52 million and expected revenues between $5.5 billion and $7.5 billion for the upcoming quarter, heavily reliant on the electric vehicle market [11]. - Wolfspeed's stock has shown bullish momentum, with potential to reach the $6 mark, indicating a favorable technical setup despite ongoing challenges [21].

Core Viewpoint - Wolfspeed, a company focused on silicon carbide semiconductors, has experienced significant stock volatility due to short-seller squeezes and is facing challenges related to its financial performance and debt levels [1][3][5]. Financial Performance - Wolfspeed's stock price has dropped over 80% in the past two years, with a steady decline in revenue since 2016, although there has been some growth since 2020 [3]. - The company has a high debt burden exceeding $4 billion, which could become problematic if free cash flow remains negative [5]. - If cash consumption continues, Wolfspeed may need to raise additional funds by 2026, potentially leading to shareholder dilution [7]. Recent Developments - The company recently dismissed its CFO, which the market viewed positively, and has plans to improve its capital structure and reduce costs [8]. - Wolfspeed reaffirmed its revenue guidance for 2025, expecting revenues between $170 million and $200 million, with gross margins projected between -3% and 7% [9]. - Earnings per share are anticipated to range from -$0.88 to $0.76 [11]. Growth Drivers - The Mohawk Valley wafer plant generated $52 million in revenue last quarter, with expectations of $5.5 billion to $7.5 billion in the upcoming quarter, making it a key growth driver reliant on the electric vehicle market [12]. - The completion of the $5 billion Siler City plant in North Carolina is expected to be a significant milestone for the company [12]. Cost Management and Future Plans - Wolfspeed aims to achieve $200 million in revenue by FY 2026 and plans to implement a cost-cutting strategy that includes a 20% reduction in workforce [13]. - There is speculation regarding the company's potential to secure $750 million in funding from the CHIPS Act, although approval is still pending [14][15]. Market Sentiment - The stock has a high short interest of about 40%, but recent developments have led to a significant price increase of over 50% last month [8]. - Analysts are cautious about long-term investments in Wolfspeed, but the upcoming earnings report could trigger further price movements, with a potential target of $6, representing over a 20% increase from current levels [19].

James Foord is an economist by trade and has been analyzing global markets for the past decade. He leads the investing group The Pragmatic Investor where the focus is on building robust and truly diversified portfolios that will continually preserve and increase wealth.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivat ...

Market Reaction - Semiconductor stocks experienced significant declines, with Wolfspeed dropping 14.6%, NXP Semiconductors down 6.6%, and Rambus falling 4.7% [1] - Other notable declines include ON Semiconductor at 2.4%, Supermicro at 2.3%, and Micron Technology at 1.67% [1] Government Policy Impact - The Trump administration is reportedly working on modifying a rule from the Biden era that restricts most countries from accessing U.S.-designed AI chips [1] - The proposed changes may involve replacing the current tiered system with intergovernmental agreements [1]

Group 1: Company Performance - Shares of Wolfspeed surged 26.9% on Monday, following a significant increase the previous Wednesday, amid cautious optimism regarding the recovery of its end markets [1] - Wolfspeed has experienced a substantial decline in stock value, dropping 47% in March due to concerns over not receiving expected CHIPS Act funding of $750 million [3] - The company has invested billions in silicon carbide manufacturing capacity, which is crucial for high-voltage applications like electric vehicles [2] Group 2: Market Context - The industrial and auto chip markets have been in a downturn since late 2022, with seven consecutive quarters of decline in the industrial chip market [3] - Texas Instruments reported a broad recovery across sectors, which positively influenced Wolfspeed's stock performance [4][5] - Despite the recent stock rally, Wolfspeed remains heavily indebted and faces uncertainty with a new CEO starting on May 1 [6] Group 3: Investment Considerations - The high short interest of 41% of shares outstanding indicates a potential short squeeze, as many short sellers may have been forced to close their positions [2] - There are alternative automotive and industrial chip companies with lower risk profiles that could benefit from a market recovery, making them more attractive investment options compared to Wolfspeed [7]

NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Wolfspeed, Inc. (NYSE:WOLF) on behalf of long-term stockholders following a class action complaint that was filed against Wolfspeed on November 15, 2024 with a Class Period from August 16, 2023 to November 6, 2024. Our investigation concerns whether the board of directors of Wolfspeed have breached their fiduciary duties to the company. Acco ...

The most telling figure of this company's future isn't found on any accounting statement.Do you own a stake in industrial technology outfit Wolfspeed (WOLF -1.10%)? Maybe it's on your watch list? Whatever the case, it's a compelling but complicated investment prospect. The company's tech is critical to several industries' futures, but its declining revenue and lack of profitability are concerning.Neither or those numbers is the one that's most important to current and would-be Wolfspeed shareholders, howeve ...

Core Viewpoint - Wolfspeed's stock has experienced a significant decline of 47.1% in March due to a combination of adverse market conditions, high debt levels, and uncertainty regarding government funding [1][8]. Group 1: Financial Performance and Market Conditions - Wolfspeed has invested billions in domestic silicon carbide plants in the U.S. while accumulating substantial debt [1]. - The company is facing a downturn in its key automotive and industrial markets, exacerbated by tariff uncertainties that threaten auto demand [2][8]. - Wolfspeed has approximately $6.4 billion in debt against $1.4 billion in cash, having burned through $1.15 billion in cash in the last six months [7]. Group 2: Company-Specific Events - In March, Wolfspeed announced layoffs of 180 employees and plans to reduce capital expenditures by $150 million to $200 million in fiscal 2026, with additional cuts in fiscal 2027 [3]. - The appointment of Robert Feurle as CEO on March 27 followed the resignation of the previous CEO, but the impact on stock performance was unclear [4][5]. - Rumors regarding the potential loss of $750 million in CHIPS Act funding led to a sharp decline in stock price, indicating investor concerns about future cash flow [6][9]. Group 3: Strategic Outlook - Despite the challenges, Wolfspeed is focused on building manufacturing capacity in the U.S., aligning with governmental goals [8]. - The uncertainty surrounding the CHIPS Act funding raises questions about the company's financial stability and future operations [9]. - There is a possibility of restructuring or bankruptcy, which could allow operations to continue under new ownership, but current equity holders may face significant losses [10].