Wolfspeed Reports Mixed Q4 Results Amid Chapter 11 Bankruptcy Exit

Wolfspeed reported mixed Q4 results, with shares inching up 1% in early post-market trading. The silicon carbide technology company is preparing to emerge from Chapter 11 bankruptcy. Despite the mixed results, Wolfspeed is optimistic about its future, citing the growing demand for its technology in the electric vehicle and renewable energy sectors.

Wolfspeed (NYSE: WOLF), a leading silicon carbide technology company, reported mixed financial results for the fourth quarter of fiscal 2025. The company's shares saw a 1% increase during early post-market trading following the announcement. Wolfspeed is preparing to emerge from Chapter 11 bankruptcy, with the expectation of a court approval for its Plan of Reorganization in the coming months.

The company reported a consolidated revenue of approximately $197 million for the fourth quarter, compared to $201 million in the same period last year. GAAP gross margin was (13)%, compared to 1% in the previous year, while non-GAAP gross margin was (1)%, compared to 5%. GAAP loss per share was ($4.30), compared to ($1.39) in the same period last year, and non-GAAP loss per share was ($0.77), compared to ($0.89) [2].

For the full fiscal year, Wolfspeed reported consolidated revenue of approximately $758 million, down from $807 million in the previous year. GAAP gross margin was (16)%, compared to 10% in the previous year, while non-GAAP gross margin was 2%, compared to 13% in the previous year. GAAP loss per share was $(11.39), compared to $(4.56) in the previous year, and non-GAAP loss per share was $(3.32), compared to $(2.59) [2].

Wolfspeed's Chief Executive Officer, Robert Feurle, expressed confidence in the company's position and future prospects. He noted that the company's world-class greenfield and vertically integrated facility footprint, recent additions to the senior leadership team, and robust IP portfolio position Wolfspeed well to be the global leader in silicon carbide technology. The next important milestone is for the court to approve the Plan of Reorganization, which would allow Wolfspeed to emerge from Chapter 11 with a stronger financial structure [2].

Despite the mixed results, Wolfspeed is optimistic about its future, citing the growing demand for its technology in the electric vehicle and renewable energy sectors. The company is well-positioned to capitalize on these trends as it continues to invest in its technology and expand its operations [1].

References:
[1] https://seekingalpha.com/news/4488975-wolfspeed-reports-mixed-q4-results-as-it-prepares-to-emerge-from-chapter-11
[2] https://investor.wolfspeed.com/news/news-details/2025/Wolfspeed-Reports-Financial-Results-for-the-Fourth-Quarter-and-Full-Fiscal-Year-2025/default.aspx