Wolfspeed (Minutes): Weak SiC demand will persist throughout the fiscal year 2026

The following is the minutes of the Q1 FY2026 earnings call for $Wolfspeed(WOLF.US). For an interpretation of the earnings report, please refer to "Post-Debt Wolfspeed: Layoffs and Cost Reductions Can Reduce Losses, Profitability Still Depends on Growth". 1. Review of Wolfspeed's Core Financial Information 1. Overall Performance A. Revenue: This quarter's consolidated revenue was $197 million, basically flat compared to $195 million in the same period last year. B. Gross Margin: GAAP gross margin was -39%, non-GAAP gross margin was -26%...