Wolfspeed Shares Continue Downward Spiral as Operational Woes Persist

Wolfspeed’s equity remains mired in a significant downturn, with the company’s latest quarterly report triggering another sharp decline in its market value. The semiconductor firm’s operational challenges appear unresolved despite recently completing a major financial restructuring.

The company’s first financial results following its corporate reorganization proved deeply disappointing to investors. When Wolfspeed released its Q1 fiscal 2026 figures on October 29, the report revealed substantial misses across key metrics:

• Revenue reached just $197 million
• GAAP earnings per share showed a substantial loss of ($4.12)
• Forward guidance projected a bleak Q2 outlook with expected revenue between $150-190 million

Market Read more...