Quarterly ResultMay 7, 2026, 04:41 PM
Wolfspeed Q3 Net Loss $119.9M; Basic EPS ($3.05)
AI Summary
Wolfspeed, Inc. reported a net loss of $119.9 million for the three months ended March 29, 2026, with a basic loss per share of $3.05. Revenue for the period was $150.2 million, resulting in a gross loss of $40.0 million. The company emerged from Chapter 11 reorganization on September 29, 2025, adopting fresh start accounting, which significantly restructured its capital and reduced total debt by approximately 70%. The company's liquidity position improved, with $1.2 billion in cash, cash equivalents, and short-term investments as of March 29, 2026.
Key Highlights
- Net loss for the three months ended March 29, 2026, was $119.9 million.
- Basic loss per share was $3.05 for the quarter ended March 29, 2026.
- Revenue for the quarter ended March 29, 2026, was $150.2 million.
- Gross loss for the quarter was $40.0 million.
- Emerged from Chapter 11 reorganization on September 29, 2025.
- Total debt reduced by approximately 70% post-reorganization.
- Cash, cash equivalents, and short-term investments totaled $1.2 billion.
- Inventory write-downs of $29.1 million in the recent period.
Price Impact
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