Quarterly Earnings Performance
Note: Wolfspeed's fiscal year ends in late June. All quarters below are fiscal quarters; periods shown are approximate calendar coverage. Wolfspeed filed for Chapter 11 bankruptcy on June 30, 2025, and emerged on September 29, 2025, eliminating ~$4.6B in debt. Post-emergence quarters use fresh-start accounting. EPS figures are non-GAAP unless noted; losses shown as negative values.
| Quarter | Period | Report Date | Revenue | YoY Growth | EPS (non-GAAP) | Guidance (next qtr) | Notes |
|---|---|---|---|---|---|---|---|
| FQ1 FY25 | Jul–Sep 2024 | 2024-10-30 | $195M | −4% | −$0.91 | $170–200M rev | Mohawk Valley $49M rev |
| FQ2 FY25 | Oct–Dec 2024 | 2025-01-29 | $181M | −15% | −$0.77 | $170–200M rev | Headcount cut 20%; $188M restructuring |
| FQ3 FY25 | Jan–Mar 2025 | 2025-04-30 | $185M | −8% | −$0.72 | — | Mohawk Valley $78M; EPS beat est. |
| FQ4 FY25 | Apr–Jun 2025 | 2025-08-25 | $197M | −2% | −$4.30 (GAAP) | — | Filed Ch. 11 Jun 30, 2025 |
| FQ1 FY26 | Jul–Sep 2025 | 2025-10-29 | $197M | +1% | −$0.55 | $150–190M rev | Emerged Ch. 11 Sep 29, 2025 |
| FQ2 FY26 | Oct–Dec 2025 | 2026-02-04 | $168.5M | −7% | −$6.11 (GAAP) | — | $700M Section 48D tax refund received |
| FY2025 (full) | Jul 2024–Jun 2025 | — | $757.6M | −6% | — | — | Pre-emergence; peak debt ~$6.7B |
| Quarter | Est. Report Date | Est. Revenue | Est. EPS | Source |
|---|---|---|---|---|
| FQ3 FY26 (Jan–Mar 2026) | 2026-05-05 (confirmed) | $150.2M | −$3.26 (GAAP) | Reported May 5, 2026 |
| FQ4 FY26 (Apr–Jun 2026) | ~2026-Aug (est.) | $140–160M (est.) | — (est.) | Company guidance (May 2026) |
Wolfspeed endured a severe financial crisis throughout fiscal 2025, with revenues declining each quarter as EV demand weakness and heavy capital expenditures on the Mohawk Valley silicon carbide fab depleted cash; the company ultimately filed for Chapter 11 bankruptcy protection on June 30, 2025. After a swift 91-day prepackaged restructuring, Wolfspeed emerged on September 29, 2025, having eliminated approximately $4.6 billion of its ~$6.7B debt burden and reducing annual cash interest expense by ~60% to roughly $160 million. Despite the improved balance sheet, post-emergence revenues have continued to decline, falling from $197M in FQ1 FY26 to $150M in FQ3 FY26, as the company winds down its Durham fab and navigates customer inventory adjustments. Management targets $140–160M in FQ4 FY26 revenue, with profitability still distant, though AI-driven SiC demand and a growing Mohawk Valley contribution offer a longer-term recovery path.
Generated: 2026-05-12