Wolfspeed(NYSE) WOLF

Wolfspeed, Inc. makes parts that help electric cars charge faster. Its chips manage power for renewable energy and data centers. These products make electronic devices more efficient and smaller.

What Wolfspeed Produces

• Power Products: Silicon carbide diodes and transistors used in electric vehicles and charging stations; accounted for 69.3% of revenue in the Successor period ended June 28, 2026.
• Materials Products: Silicon carbide bare wafers and layers for manufacturing high-frequency electronics; accounted for 30.7% of revenue in the Successor period ended June 28, 2026.

Strategic Reorganization and Expansion

• Completed the transition from 150mm to 200mm production capacity during fiscal 2025.
• Closed the 150mm device fabrication facility in Durham, North Carolina during the Successor period ended June 28, 2026.
• Initiated two headcount restructuring plans during the Successor period of fiscal 2026 to optimize operations.
• Repurchased $475.9 million in principal of Senior Secured Notes in March 2026 using proceeds from new financing.
• Secured $96.9 million in gross proceeds through a private placement of common stock and prefunded warrants in March 2026.

Technical Edge and Patents

Wolfspeed operates as a vertically integrated supplier with its own materials production and wafer fabrication facilities in the United States. The company held 550 issued patents in the United States and 921 foreign patents as of June 28, 2026.

Key Successor Period Results

• Net sales reached $468.3 million during the Successor period from Sept. 30, 2025 to June 28, 2026.
• Operating loss was $388.0 million in the Successor period ended June 28, 2026.
• Cash and cash equivalents totaled $576.3 million as of June 28, 2026.
• Two customers accounted for 38% of total revenue during the Successor period ended June 28, 2026.

Evolution and Reorganization

Wolfspeed has transitioned from a general semiconductor manufacturer to a focused provider of silicon carbide technology. The company reorganized its balance sheet through Chapter 11 proceedings in 2025 to support its long-term manufacturing expansion.