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04.02.26 - 22:09
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Wolfspeed Reports Financial Results for the Second Quarter of Fiscal 2026 (Business Wire)
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AI Datacenter Revenue up 50% QoQ
$200 Million Annualized Operating Expense Reduction Compared to Q2 FY 2025
Capital Expenditures Down by 90% Year over Year
Strong Balance Sheet Ending with $1.3 Billion in Cash, Cash Equivalents and Short-term InvestmentsDURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the second quarter of fiscal 2026.
Business Highlights
Received approximately $700 million in Section 48D cash tax refunds and applied $175 million of the proceeds, net of make-whole premiums, toward the retirement of long-term debt.
$1.3 billion of cash, cash equivalents and short term investments as of December 28, 2025.
Working capital improvements (excluding liability management costs) contributing approximately $90 million.
Further reduction of operating costs and capital expenditures ahead of plan resulted in a cumulative reduction of operating expenses of approximately $200 million on an annualized basis, with capital expenditures down 90%, compared to second...
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30.01.26 - 14:03
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Wolfspeed Announces CFIUS Clearance and Completion of Equity Issuance to Renesas as Part of Court-Approved Restructuring (Business Wire)
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Final 2.0% Equity Recovery Shares to be Released to Pre-Petition Shareholders Following Regulatory Clearance
Renesas Executive to Join Wolfspeed Board of Directors as Part of Restructuring AgreementDURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc., a global leader in silicon carbide technology and production (the “Company” or “Wolfspeed”), today announced that the Committee on Foreign Investment in the United States (“CFIUS”) has formally cleared the Company's issuance of equity to Renesas Electronics America Inc. (“Renesas”), completing a key component of Wolfspeed's previously announced restructuring agreement with its lender group in support of its Chapter 11 process.
“CFIUS clearance represents the final milestone in the execution of our prepackaged restructuring,” said Wolfspeed CEO, Robert Feurle. “With this phase behind us, Wolfspeed is fully focused on broadening and diversifying our customer base, expanding our leadership in SiC power devices, and scaling with discipline acro...
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27.01.26 - 22:09
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Wolfspeed, Inc. Announces Date of Fiscal Second Quarter Earnings Call for February 4, 2026 (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its second quarter results on Wednesday, February 4, 2026, at 5:00 pm Eastern Standard Time. The call will be hosted by Robert Feurle, chief executive officer, and Gregor van Issum, chief financial officer.
A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com.
About Wolfspeed, Inc.
Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world's most disruptive innovations. As the pioneers of silicon carbide, and creators of the most advanced semiconductor technology on earth, we are committed to powering a better world for everyone. Through silicon carbide material, Power Modules, Discrete Power Devices and Power Die Products targeted for various applications, we...
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