Wolfspeed’s Survival Battle: Financial Crisis Deepens Despite Restructuring Efforts

Wolfspeed faces mounting challenges as its latest financial disclosures reveal a company grappling with severe operational headwinds. The semiconductor manufacturer reported staggering losses for its first quarter of fiscal year 2026, with the situation appearing increasingly precarious despite recent bankruptcy proceedings.

The company’s most recent earnings report presented troubling figures that underscore its ongoing struggles. Wolfspeed recorded a GAAP loss of $4.12 per share, representing a substantial deterioration from the previous year’s $2.23 per share deficit. Revenue showed minimal movement, inching up just 1.1% to reach $196.8 million, effectively stagnating amid broader market challenges.

The balance sheet reflects the heavy burden of recent insolvency proceedings, though some financial restructuring has provided modest relief. Read more...