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29.10.25 - 21:06
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Wolfspeed Reports Financial Results for the First Quarter of Fiscal 2026 (Business Wire)
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Delivered Strong Quarterly Results While Navigating Emergence from Chapter 11
Focusing the Company on Product Innovation and Technology Leadership in High-Growth VerticalsDURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the first quarter of fiscal 2026.
Quarterly Financial Highlights (Continuing operations only. All comparisons are to the first quarter of fiscal 2025.)
Consolidated revenue of approximately $197 million, compared to $195 million
Mohawk Valley Fab contributed $97 million in revenue, compared to $49 million
GAAP gross margin of (39)%, compared to (19)%
Non-GAAP gross margin of (26)%, compared to 3%
GAAP and non-GAAP gross margin includes the impacts of underutilization costs related to the Mohawk Valley Fab and Siler City Fab. Underutilization was $47 million, compared to $26 million. Prior to the attainment of production readiness at the Siler City facility in late fiscal 2025, these costs associated with Siler City were presented in Start-Up Costs...
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22.10.25 - 14:06
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Wolfspeed Adds Proven Power Semiconductor Leader Matthias Buchner to Executive Team, Strengthening Market Position as Company Accelerates 200 mm Silicon Carbide Focus (Business Wire)
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High-impact appointment underscores Wolfspeed's ability to attract world-class talent and advance its leadership in the next generation of silicon carbide devicesDURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today announced the appointment of Matthias Buchner as Senior Vice President of Global Sales and Chief Marketing Officer, effective December 1, 2025. Buchner will report directly to Chief Executive Officer Robert Feurle.
In this new role, Buchner will lead Wolfspeed's global sales and marketing organizations with a focus on leveraging the Company's next-generation silicon carbide (SiC) devices, produced on its vertically integrated 200 mm manufacturing platform. His appointment comes at a critical juncture, as Wolfspeed sharpens its focus on product innovation and device production — reflecting the Company's leadership in scaling silicon carbide manufacturing to meet global demand. The appointment also supports Wolfspeed's strategy...
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