secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000895419-25-000059
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolfspeed Q3 FY2025 revenue $185M, GAAP loss per share $1.86, non-GAAP loss $0.72
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- Revenue $185M, down 8% YoY from $201M; GAAP gross margin negative 12% vs positive 11% a year ago.
- GAAP loss per share ($1.86) vs ($1.18) prior year; non-GAAP loss per share ($0.72) vs ($0.62).
- Mohawk Valley Fab revenue grew to $78M from $28M; underutilization costs $26.3M.
- Completed $200M ATM offering, received $192M in Section 48D tax refunds, appointed Robert Feurle as CEO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541925000059/0000895419-25-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541925000059/wolf-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000895419-25-000059

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