Group 1: Market Overview - U.S. stock futures were higher, with Nasdaq futures gaining around 0.5% on Friday [1] Group 2: Company-Specific Performance - Expedia Group, Inc. reported Q1 revenue of $2.99 billion, a 3% year-over-year increase, but missed the consensus estimate of $3.01 billion, leading to a 9.8% drop in shares to $152.40 in pre-market trading [1] - Jade Biosciences, Inc. shares tumbled 44.4% to $5.00 in pre-market trading [4] - Iovance Biotherapeutics, Inc. shares dipped 35.6% to $2.04 after reporting worse-than-expected Q1 results [4] - Profound Medical Corp. fell 34.7% to $3.25 following downbeat quarterly earnings [4] - Globus Medical, Inc. tumbled 17.2% to $60.00 after reporting disappointing Q1 results and cutting FY25 adjusted EPS guidance [4] - FIGS, Inc. fell 16.2% to $4.22 after reporting Q1 results [4] - Wolfspeed, Inc. declined 13.2% to $3.84 after mixed quarterly results [4] - Onto Innovation Inc. dipped 11.6% to $112.00 after issuing a weak Q2 forecast [4] - OUTFRONT Media Inc. declined 7% to $14.31 following downbeat quarterly results [4] - Grindr Inc. dipped 6.7% to $22.80 after reporting worse-than-expected quarterly sales [4] - Affirm Holdings, Inc. dipped 6.3% to $50.82 following third-quarter results [4] - HubSpot, Inc. fell 4.7% to $629.00 after reporting Q1 results and issuing second-quarter adjusted EPS guidance below estimates [4]

Group 1 - The conference "Electric Transportation & Digital Energy SiC Technology Application and Supply Chain Upgrade Conference" will be held in Shanghai, featuring key industry players including TianKe HeDa, Mitsubishi Electric, and STMicroelectronics [2][3][5] - TianKe HeDa's CTO Liu Chunjun will present on the progress of 8-inch SiC substrates and epitaxy technology, highlighting the company's breakthroughs in silicon carbide materials [3][4] - The report will focus on the industrialization progress of 8-inch conductive SiC substrates and key process breakthroughs in 8-inch conductive epitaxy technology, including optimized substrate thickness and defect control [4] Group 2 - TianKe HeDa aims to achieve small-scale production of 8-inch conductive substrates and epitaxy by 2024, with substrate thickness optimized to 350μm, supporting cost reduction for high-voltage devices [4] - The company has made significant advancements in defect control, addressing industry challenges such as polytype defects and dislocation clusters, ensuring reliability for automotive-grade devices [4] - The conference will also feature discussions on core challenges and innovative breakthroughs in the industrialization process of silicon carbide technology, with dedicated sessions on digital energy and electric transportation applications [4][5]

插播： 倒计时6天！ 三菱 电机、 意法半导体、Wolfspeed、三安半导体、天科合达、元山电子、 大族半导体、香港大学、长飞先进、宏微科技、利普思、昕感科技、国扬电子、国基南方、芯长征、合盛新材料、瀚天天成、芯研科、国瓷功能 材料、季华恒一等 邀您参加上海"电动交通&数字能源SiC技术应用及供应链升级大会"，点击文章底部 "阅读原文" 即可报名参会。 5月15日，"行家说三代半"将在上海召开"电动交通&数字能源SiC技术应用及供应链升级大会"，届时 三菱电机、意法半导体、Wolfspeed、三安半导 体 等众多领军企业也将在会议上公布最新成果，欢迎大家扫码参会： 英飞凌 英飞凌此次重点展示了多项碳化硅新 技术， 倍受业界瞩目： 5月6日至8日 ， PCIM Europe 2025在德国顺利举办。"行家说三代半"发现，本次展会上汇聚了众多SiC行业领军企业，其中英飞凌、博世、 Wolfspeed、罗姆半导体等企业展示了多项创新技术，引起了业界的高度关注。 全新CoolSiC™ JFET 该系列产品拥有极低的导通损耗、出色的关断能力和高可靠性，可在各种工业和汽车应用中实现可靠且高效的系统性能，包括固态断路器（ ...

Core Viewpoint - Wolfspeed's revenue forecast for 2026 is below Wall Street expectations, leading to an 11% drop in stock price after the announcement of a 7% decline in Q3 revenue [1][2] Group 1: Financial Performance - Wolfspeed reported Q3 revenue of $185.4 million, slightly below the expected $185.9 million [1] - The company anticipates 2026 revenue of $850 million, lower than the analyst forecast of $958.7 million [1] - The net loss per share for Q3 was $0.72, better than the expected loss of $0.82 per share [2] Group 2: Market Challenges - The company faces challenges due to slower-than-expected adoption of electric vehicles and new tariffs increasing automotive parts prices, leading to delayed product launches and reduced demand [1] - Broader macroeconomic issues, including high interest rates and rising capital costs, are also delaying investment cycles in industrial and energy sectors, potentially impacting order activity [1] Group 3: Long-term Potential - Despite short-term demand weakness, Wolfspeed has significant long-term growth potential, with an expected annual growth rate of 34.5% for the carbon carbide business by 2034 [3] - The company has been investing heavily since 2020 to expand manufacturing capacity, which has affected net income but is expected to lead to profit recovery as capital expenditures decrease [3] Group 4: Order Backlog - As of the latest financial quarter, Wolfspeed's backlog of design orders exceeded $12 billion, up from just over $11 billion in the previous quarter and less than $1 billion four years ago [3][4] - While backlog does not guarantee revenue, the trend in design order backlog is a positive indicator for the company's future direction and potential profitability [4]

Financial Data and Key Metrics Changes - The company generated revenue of $185 million in Q3 2025, which is in line with the guidance midpoint and represents a 2.2% sequential increase [19] - Non-GAAP gross margin was 2.2%, driven by contributions from Mohawk Valley, offset by lower utilization at the Durham 150mm device fab [20] - Adjusted EPS was negative $0.72 per share, exceeding the high end of the guidance range [20] - The company ended the quarter with over $1.3 billion in cash and liquidity, including $200 million from an equity offering and $192 million from tax refunds [22] Business Line Data and Key Metrics Changes - Power revenue reached $107 million, primarily driven by significant growth in automotive revenue, while industrial and energy revenues saw a slight decrease [19] - Materials revenue was $78 million, largely affected by slowing demand from materials customers across the device market [19] - Mohawk Valley contributed $78 million in revenue, showing a 50% sequential growth and over 175% year-over-year growth [12][19] Market Data and Key Metrics Changes - The company is actively engaged with customers on sampling 200mm materials and pursuing new contracts for 200mm wafer supply, indicating strong market engagement [12] - The transition to a fully automated 200mm manufacturing footprint is expected to enhance competitiveness in high-growth areas of the silicon carbide market [17] Company Strategy and Development Direction - The company aims to improve its capital structure and financial performance while focusing on silicon carbide technology as a long-term growth driver [13][14] - A strategic decision has been made to exit the 150mm device market, aligning the company to pursue growth in high-value verticals [17] - The company is targeting a reduction in its non-GAAP EBITDA breakeven point to approximately $800 million annually [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic direction and potential for long-term growth under new leadership [27] - The focus will be on reaccelerating revenue growth and enhancing profitability through operational excellence and quality assurance [9][10] - Management acknowledged the challenges but emphasized that actions taken are designed to position the company for growth and success [18] Other Important Information - The company is undergoing a restructuring process, with projected restructuring charges of $400 million to $450 million for fiscal 2025 [21] - The company has engaged external experts to identify additional cost-saving measures beyond current initiatives [14] Summary of Q&A Session - No questions were taken during the conference call, as stated by the operator [5]

Financial Data and Key Metrics Changes - The company generated revenue of $185 million in Q3 2025, which is in line with guidance and represents a 2.2% sequential increase [18] - Non-GAAP gross margin was 2.2%, driven by contributions from Mohawk Valley, offset by lower utilization at the Durham 150mm device fab [19] - Adjusted EPS was negative $0.72 per share, exceeding the high end of the guidance range [19] - The company ended the quarter with over $1.3 billion in cash and liquidity, boosted by a $192 million cash tax refund [21][22] Business Line Data and Key Metrics Changes - Power revenue reached $107 million, primarily driven by significant growth in automotive revenue, slightly offset by decreases in industrial and energy revenues [18] - Materials revenue was $78 million, largely due to slowing demand from materials customers across the device market [18] - Mohawk Valley contributed $78 million, showing a 50% sequential growth and over 175% year-over-year growth [19] Market Data and Key Metrics Changes - The company is actively engaged with customers on sampling 200mm materials and pursuing new contracts for 200mm wafer supply, indicating strong market engagement [11] - The transition to 200mm manufacturing is expected to result in lower costs and higher quality wafers, aligning with high-growth areas of the silicon carbide market [15] Company Strategy and Development Direction - The company is focused on improving its capital structure and financial performance, with a target of achieving approximately $200 million of positive unlevered operating cash flow in fiscal 2026 [16] - The strategic decision to transition to a pure play 200mm silicon carbide producer is aimed at reducing operating expenditures and accelerating the path to profitability [15][27] - The company is pursuing opportunities in specialized markets such as AI data centers, energy storage, EVs, and aerospace and defense [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic direction and potential for long-term growth under new leadership [25] - The company is committed to returning to core innovation and focusing on technologies where silicon carbide delivers the greatest impact [26] - Management acknowledged the challenges faced but emphasized that actions taken are designed to position the company for growth and success [17] Other Important Information - The company is undergoing significant restructuring, including a 30% reduction in the senior leadership team and a 25% reduction in total company employment [20] - Restructuring charges for fiscal 2025 are projected at $400 million to $450 million, with $57 million incurred in the latest quarter [20] - The company is in the final stages of transitioning to 200mm manufacturing and simplifying its operational footprint [14] Q&A Session Summary - No questions were taken during the conference call, as noted in the initial remarks [4]

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 ...

插播： 倒计时7天！ 三菱电机、意法半导体、Wolfspeed、三安半导体、天科合达、元山电子、大 族半导体、香港大学、长飞先进、宏微科技、利普思、昕感科技、国扬电子、国基南方、芯长征、合 盛新材料、瀚天天成、芯研科、国瓷功能材料等邀您参加上海"电动交通&数字能源SiC技术应用及供 应链升级大会"，点击文章底部 "阅读原文" 即可报名参会。 5月15日，" 电动交通&数字能源SiC技术应用及供应链升级大会 "即将在上海召开， 为回馈广大行业同仁的关注与支 持， 助力产业交流，"行家说三代半"特别发起 答题赠票 活动→ 活动规则 欢迎扫码上方二维码答题，抢占最后席位！ 机会难得，不容错过！ 会议临近，"行家说三代半"在此简单地为大家介绍一下 大会亮点 ： 会议同期，行家说还将重点打造"SiC半导体全产业链精品展示区"，将广邀业内知名的企业，全面展示产业链 的最新技术，以期向观众呈现一场集行业交流、渠道联动、资源聚合于一体的行业顶尖盛会。 1. 答对 10 道碳化硅相关题目，即可获得 5 月 15 日上海碳化硅活动门票 1 张（价值 399 元），活动详情可点 击顶部活动海报查看。 2. 本次答题活动共设置 30 ...

Core Viewpoint - The article highlights the acceleration of GaN (Gallium Nitride) projects in the semiconductor industry, specifically focusing on APRO Semicon's new factory in South Korea and Polymatech's investment in India, indicating a growing trend in GaN technology development and production capacity [1][4]. Group 1: APRO Semicon - APRO Semicon's new factory in Gumi has commenced mass production of 8-inch GaN epitaxial wafers, with an annual capacity of 20,000 wafers and projected sales of 10 billion KRW (approximately 0.5 million RMB) within six months [2][4]. - The factory was completed in December of the previous year and produces silicon-based GaN epitaxial wafers for 650V power semiconductors [2]. - APRO Semicon has previously developed epitaxial wafers for 1200V GaN devices, capable of withstanding breakdown voltages of 1600V, with a growth thickness and uniformity reaching 99% [2][5]. - The company is enhancing its GaN business by collaborating with DB HiTek for supply plans and establishing a design team for next-generation GaN power semiconductor devices [2][5]. Group 2: Polymatech - Polymatech, an Indian semiconductor manufacturer, is investing 1.3 billion USD (approximately 9.3 million RMB) to build a new GaN chip factory in Chhattisgarh [6]. - The local government is providing policy support, tax incentives, infrastructure development, and special facilities to boost the electronics and semiconductor industry under the "Make in India" and "Digital India" initiatives [6]. - Polymatech aims to enhance India's semiconductor and telecom manufacturing capabilities and is prepared to offer next-generation solutions for the global 5G and 6G ecosystems [6].

插播： 倒计时7天！ 三菱电机、意法半导 体、Wolfspeed、三安半导体、天科合达、元山电子、大族半导体、香港大学、长飞先进、宏微科 技、利普思、昕感科技、国扬电子、国基南方、芯长征、合盛新材料、 瀚天天成、 芯研科、 国瓷功 能材料等邀您参加上海 "电动交通&数字能源SiC技术应用及供应链升级大会"，点击文章底部 "阅读 原文" 即可报名参会。 除三安半导体外，会议还邀请了 三菱电机、意法半导体、Wolfspeed、天科合达、元山电子、大族半导 体、香港大学、长飞先进、宏微科技、利普思、昕感科技、国扬电子、国基南方、芯长征、合盛新材料、 瀚天天 成、 芯研科、 国瓷功能材料等 行业领 军企业&机构参与，将共论产业发展，再 谱产业新章。 大会现已开放报名渠道，因会议 名额有限 ，先到先得，欢迎各位行 家 扫码报名 参会，期待与你在上海相会！ 本文发自【行家说三代半】，专注第三代半导体（碳化硅和氮化镓）行业观察。 其他人都在看： 长城为何联手英诺赛科？解密背后的GaN技术创新 5月15日， "行家说三代半"将在上海召开 "电动交通&数字能源SiC技术应用及供应链升级大会" ，三安半导体 已正式确认 出席本次 ...