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20.08.26 - 16:30
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Wolfspeed Sinks 12% on Wider-Than-Expected Loss, ON Semiconductor Slips as Chip Sector Holds Steady (24/7 Wall St.)
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Wolfspeed (NYSE:WOLF) stock is down 12% to $25.74 in Thursday morning trading after the silicon carbide chipmaker posted a fiscal Q4 2026 adjusted loss that came in far wider than analysts expected. Meanwhile, ON Semiconductor (NASDAQ:ON) stock is down 2% to $74.83, drifting lower with the tape rather than reacting to fresh company news. For ... Wolfspeed Sinks 12% on Wider-Than-Expected Loss, ON Semiconductor Slips as Chip Sector Holds Steady...
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19.08.26 - 22:06
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Wolfspeed Reports Financial Results for the Fourth Quarter of Fiscal 2026 (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the fourth quarter of fiscal 2026.
Business Highlights
AI data center revenue more than doubled year-over-year in fiscal 2026 and increased approximately 20% sequentially in the fourth quarter, demonstrating the long-term potential of this moderate but growing opportunity.
Launched fifth-generation SiC MOSFET, representing a significant advancement in the Company's technology roadmap.
10kV MOSFET named “Top Innovation” at the 2026 Power Conversion and Intelligent Motion conference and announced Memorandum of Understanding with GE Aerospace.
Launched a dedicated data center solutions team, based in Silicon Valley, to capitalize on and supplement growth in our fastest growing end market and a strategic collaboration with LITEON Technology.
Appointed Andy Mattes, experienced public technology company executive, to the Board of Directors.
Quarterly Financial Highlights
Consolidated revenue of approximately $150 mi...
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