secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0000895419-25-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolfspeed Q2 revenue $181M (-13% YoY); GAAP gross margin -21%; restructuring costs $188M
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- GAAP gross margin negative 21% vs positive 13% a year ago; non-GAAP gross margin 2% vs 16%.
- Revenue $181M, down from $208M; Mohawk Valley Fab revenue $52M vs $12M.
- Restructuring costs $188.1M in Q2; expects $72M in Q3 related to facility consolidation.
- Q3 guidance: revenue $170-200M, GAAP net loss $(295)-(270)M, non-GAAP EPS loss $(0.88)-(0.76).
- Completed $200M ATM equity offering; cites $2.5B+ liquidity including CHIPS and tax credits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541925000013/0000895419-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541925000013/wolf-20250129.htm
  HTML page:      https://secwatch.observer/filing/0000895419-25-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer