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05.05.26 - 22:06
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Wolfspeed Reports Financial Results for the Third 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 third quarter of fiscal 2026.
Business Highlights
Continued sequential quarterly growth in AI data center applications of approximately 30%, reflecting a moderate but expanding part of the Company's business with meaningful long-term potential.
Launched first commercially available 10 kV SiC power MOSFET for grid modernization, industrial electrification and AI data center infrastructure.
Introduced next-gen TOLT portfolio to address growing AI data center demand.
Durham facilities now focused on materials production, further increasing earnings potential of the site.
CFIUS clearance and equity issuance to Renesas completes Chapter 11 procedures.
Quarterly Financial Highlights
Consolidated revenue of approximately $150 million, aligned with midpoint of guidance range.
GAAP gross margin of (27)% and Non-GAAP gross margin of (21)%.
GAAP net loss of $120 million and adjusted EBITDA of ($62) million.
Operating cas...
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30.04.26 - 14:03
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Wolfspeed Announces Key Executive Appointments to Strengthen Legal, Government Affairs and Communications Capabilities (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology, today announced two executive appointments that strengthen the company's leadership team and support its continued growth and engagement with customers, investors, and stakeholders. The appointments come as Wolfspeed accelerates global expansion, deepens engagement with policymakers and advances long-term growth strategy.
Brad Kohn will rejoin Wolfspeed as Executive Vice President, Chief Legal and Global Affairs Officer, effective May 11, 2026. In this role, Kohn will oversee the company's global legal, compliance, government affairs, and public-policy engagement functions, supporting Wolfspeed's regulatory alignment and long-term value creation.
Kohn has more than 20 years of experience as a general counsel across multiple public companies, including prior service at Wolfspeed, Martin Marietta Materials and MEMC Electronic Materials (now part of GlobalWafers). His career is marked by leadership ...
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22.04.26 - 15:06
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Wolfspeed Appoints Semiconductor Industry Veteran Yasuhisa Harita (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. announced today the appointment of Yasuhisa Harita as regional president for Asia Pacific effective June 1, 2026. Harita will be based in Tokyo and lead Wolfspeed's commercial strategy across Japan, Korea and the ASEAN region with responsibility for driving revenue growth, enhancing strategic customer relationships, and executing the company's regional commercial and operational objectives.
Harita brings more than 30 years of experience expanding Japan-based businesses for global semiconductor and technology companies, including Infineon and Micron. Most recently, he served as regional vice president at ams-OSRAM, where he accelerated revenue growth, strengthened customer partnerships and positioned the organization for sustained performance in competitive markets. He earned his bachelor's degree in engineering from the University of Tokyo.
As regional president, he will assume full commercial responsibility, developing and implementing go-to-market strate...
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21.04.26 - 21:51
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Wolfspeed, Inc. Announces Date of Fiscal Third Quarter Earnings Call for May 5, 2026 (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its third quarter results on Tuesday, May 5, 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 will brin...
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26.03.26 - 21:09
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Strategic Refinancing and New Equity Issuance Support Wolfspeed′s Long-term Growth Potential (Business Wire)
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Reduces Senior Secured Note Balance by approximately $475.9 Million
Funding Led by T. Rowe Price accounts, Fidelity Management & Research Company, and other New and Existing Institutional Investors Signals Confidence in Company's Long-Term Growth Potential
Transaction Summary:
Issues $379 million aggregate principal amount of new 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031
Issues approximately $96.9 million of common stock and pre-funded warrants, all issued at a 10% premium over the closing price of March 18, 2026
Aggregate gross proceeds of approximately $475.9 million used to reduce existing Senior Secured Note balance by approximately 43%
Reduces total debt by approximately $97 million
Expected to lower annual interest expense by approximately $62 million
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed” or the “Company”), a global leader in silicon carbide technology, today announced the closing of its previously announced private placements of convertible ...
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19.03.26 - 14:00
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Wolfspeed Announces Subscriptions for $379 Million of Convertible Notes and $96.9 Million of Common Stock and Pre-Funded Warrants (Business Wire)
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Pursuant to the Company's focus on strengthening its capital structure, the Company is raising capital from new and existing investors, with the proceeds intended to reduce highest cash cost debt, lower annual interest expense, and reduce total debt
Gross proceeds from the Private Placements to redeem approximately $475.9 million of the outstanding Senior Notes
Issues approximately $60.0 million of new shares of common stock at a 10.0% premium over the closing price on March 18, 2026
Efforts to strengthen the balance sheet support initiatives to diversify key end markets and capture opportunities in emerging high-voltage applications including AI data centers, industrial and energy, and aerospace and defense markets
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed”) today announced that on March 19, 2026, it entered into separate, privately negotiated subscription agreements with investors pursuant to which Wolfspeed will place (i) $379,000,000 aggregate principal amount of its...
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13.03.26 - 13:06
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Wolfspeed Appoints Silicon Carbide Industry Veteran Daihui Yu as Regional President, Greater China (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed is pleased to announce the appointment of Daihui Yu as regional president for Greater China, effective March 16, 2026. In this key leadership position, Yu will oversee the expansion of the company's business across mainland China, Hong Kong and Taiwan, utilizing his substantial expertise to drive sales growth and strengthen our brand presence in the region.
Yu holds a degree in electrical engineering from Wuhan University of Technology and an MBA from Tsinghua University.
Prior to joining Wolfspeed, Yu served more than 12 years with Infineon Technologies as senior vice president and head of infrastructure and industry business for Greater China, managing regional sales and marketing functions. Before that, Yu spent 15 years at Schneider Electric in various sales and marketing management roles, accumulating comprehensive experience across diverse industries. He began his career as a control systems R&D engineer at the China Academy of Space Technology.
As regional ...
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17.02.26 - 14:06
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Wolfspeed Strengthens Global Sales Leadership with Addition of Semiconductor Leader, Stefan Steyerl, as VP of Sales, EMEA (Business Wire)
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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology and manufacturing, today announced the appointment of Stefan Steyerl as vice president of sales, EMEA. Effective March 1, 2026, Steyerl will develop and execute Wolfspeed's regional sales strategy, driving adoption of silicon carbide solutions across automotive, industrial, and energy markets as Wolfspeed accelerates the adoption of silicon carbide technology to expand its market footprint and deliver revenue growth across the region.
Steyerl brings more than 25 years of experience in the semiconductor industry, with a proven track record of building high-performance teams and achieving revenue growth across global markets. Most recently, he served as vice president of sales for EMEA at Allegro MicroSystems, where he developed and executed regional go-to-market strategies and strengthened executive-level customer relationships. Prior to that, Steyerl held senior leadership roles at Analog Devices, o...
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