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.
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, a global leader in silicon carbide technology, is expanding its use of Snowflake to accelerate manufacturing efficiency and operational excellence as it scales production to meet growing market demand. After bringing together factory, supply chain, and enterprise data on a single, governed platform, Wolfspeed is now deploying AI across its operations to improve cost, quality, speed, and workforce readiness. This marks a major step in Wolfspeed's vision.
Many of the issues that plagued Wolfspeed before it went bankrupt remain. The company is seeing a negative gross margin and negative cash flow.
Last week, silicon carbide semiconductor solutions provider Wolfspeed reported another set of mediocre quarterly results, with sales and Adjusted EBITDA declining to new multi-year lows. Even a 50% sequential increase in AI data center revenues was not sufficient to offset persistent headwinds from weak EV demand and bankruptcy-related market share losses. On the flip side, the restructuring has reduced Wolfspeed's debt obligations and non-GAAP operating expenses substantially. In addition, elevated capex requirements are largely behind the company now.
Wolfspeed, Inc. (WOLF) Q2 2026 Earnings Call Transcript
Wolfspeed, Inc. (NYSE:WOLF) shares dropped in Wednesday's extended trading after the company released its second-quarter earnings report, the first since emerging from Chapter 11 bankruptcy.
DURHAM, 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 a.
DURHAM, 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 rep.
DURHAM, N.C.--(BUSINESS WIRE)--Please replace the photo with the accompanying corrected photo. The release reads: WOLFSPEED UNVEILS NEXT-GEN TOLT PORTFOLIO TO ADDRESS SURGING AI DATACENTER DEMAND New TOLT (TO-Leaded, Top-Side Cooled) package, built on Wolfspeed's Gen 4 MOSFET technology, enables higher power density and thermal performance for next-generation AI datacenters. Purpose-designed to meet the rapidly increasing power and cooling demands for AI and hyperscale datacenters, TOLT unlocks.
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology, today introduced its new TOLT package portfolio, which enables maximum power density in a power supply for datacenter rack applications. The TOLT package is engineered to release heat from the top side of the package, making cooling far more efficient. This enables companies to build smaller, more reliable power systems that support the rising demands of AI datacenters. “AI is pushing dat.
