secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0000895419-25-000124
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolfspeed reports $197M rev, GAAP loss $4.12; Q2 guidance $150-190M
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- Revenue $197M nearly flat YoY ($195M); Mohawk Valley Fab contributed $97M vs $49M.
- GAAP loss per share $(4.12) includes $504M reorganization items; adj loss $(0.55) improves from $(0.91).
- GAAP gross margin (39)% vs (19)%; non-GAAP (26)% vs 3%; underutilization costs $47M.
- Cash & equivalents $926M; emerged from Chapter 11 on Sep 29, 2025; fresh-start accounting expected in Q2.
- Q2 revenue guidance $150M-$190M; cites customer inventory build and market softness; no long-term model update.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541925000124/0000895419-25-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541925000124/wolf-20251029.htm
  HTML page:      https://secwatch.observer/filing/0000895419-25-000124

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