Key Highlights

  • Shares traded 7.7% lower at USD 24.47 on Friday, November 13, 2026, which backs out to a prior close near USD 26.51 (calculated), versus USD 23.38 on October 26, 2026 per market data.
  • Revenue in the fiscal first quarter of 2027, announced November 4, 2026, totalled USD 155.0 million against USD 196.8 million a year earlier, and the GAAP loss per share was USD 2.61.
  • Gross Margin was negative 22% on a GAAP basis and negative 13% on a non-GAAP basis, while cash and short-term investments totalled USD 995.1 million and long-term Debt reached USD 930.3 million.
  • The company's second-quarter outlook spans USD 155 million to USD 175 million in revenue, and it expects non-GAAP gross margin to inch up sequentially, nearing breakeven.

Share Slide of 7.7% With No New Corporate Disclosure

On Friday, November 13, 2026, Wolfspeed (NYSE:WOLF) traded 7.7% lower at USD 24.47, according to market data. Nothing dated November 11 to 13 accounts for the move, so the reading reflects only the live session. The most recent company event was the fiscal first-quarter report released on November 4, 2026, for the period ended September 27. Revenue of USD 155.0 million came in above the guidance midpoint yet below the USD 196.8 million recorded a year earlier, and the non-GAAP per-share loss was USD 2.03. At today's price the Market Value comes to about USD 1.30 billion if the 52.93 million listed shares are used (calculated), which puts USD 995.1 million of cash and short-term investments into perspective.

Gross Losses, Cash Outflows and the Debt Stack

Wolfspeed (NYSE:WOLF) still loses money on each unit at the gross level, with GAAP gross margin at negative 22% and non-GAAP at negative 13%. Operating cash outflow reached USD 84.2 million and free cash outflow USD 96.5 million, a meaningful burn relative to USD 995.1 million in cash and short-term investments. Long-term debt stood at USD 930.3 million, and net convertible notes totalled USD 750.3 million. Convertibles can dilute shareholders if they convert, and the company's earlier Chapter 11 reorganization keeps questions about the Balance Sheet in focus.

Second-Quarter Outlook and a Conditional Federal Loan

For Wolfspeed (NYSE:WOLF), management's second-quarter plan calls for non-GAAP operating spending of USD 65 million to USD 69 million alongside gross margin nearing breakeven, a goal rather than a dated commitment. In early October the company obtained a conditional commitment, spanning 30 years, for USD 1.5 billion of lending from the Office of Strategic Capital, intended to boost domestic silicon carbide manufacturing. Per market data, the shares jumped roughly 20% after hours before giving back part of that gain. The 52-week span in market data runs between USD 13.49 and USD 80.82. No confirmed sector driver for November 12 to 13 turned up. Around mid-October the company also extended a long-term silicon carbide wafer Supply deal with Infineon, adding 200 millimetre wafers, according to market data.

Where Things Stand

Management's outlook puts gross margin near breakeven in the quarter ending in December, though no firm date is set. No announced cause exists for the 7.7% fall, which might simply mirror softness in chip stocks that swing widely. Wolfspeed (NYSE:WOLF) holds USD 995.1 million of cash, yet margins are negative, year-over-year revenue is lower and a conditional federal Loan is not yet funded money. Second-quarter results, progress on margins and any finalization of the loan come next. Quoted prices here are live figures that may shift.