Wolfspeed Reports Q4 and FY25 Financial Results

Wolfspeed reported Q4 revenue of $197m, down from $201m YoY, with a GAAP gross margin of (13%) and non-GAAP gross margin of (1%). GAAP loss per share was ($4.30), compared to ($1.39) YoY. For FY25, revenue was $758m, down from $807m YoY, with a GAAP gross margin of (16%) and non-GAAP gross margin of 2%. GAAP loss per share was ($11.39), compared to ($4.56) YoY. The company plans to emerge from Chapter 11 next month with a stronger financial structure.