Wolfspeed reports third quarter fiscal 2026 financial results
Revenue was $150 million with a net loss of $120 million. The company also announced product launches and balance sheet improvements.
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Silicon carbide power solutions and materials company
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In short: Wolfspeed completed a financial restructuring and reported a $120 million net loss for its third quarter of fiscal 2026.
Revenue was $150 million with a net loss of $120 million. The company also announced product launches and balance sheet improvements.
The company reduced senior secured debt by $475.9M, saving $62M in annual interest.
The proceeds will redeem higher-cost debt, strengthen balance sheet, and support growth initiatives.
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