🔴 Wolfspeed is trading 6.45% down today after a wider-than-expected loss and weak guidance

Wolfspeed is trading 6.45% down now at $27.21 after investors reacted to its August 19 earnings release.

• Reported a $2.26 adjusted loss per share versus an expected $0.52 loss.
• Revenue reached $149.6 million against $223.55 million expected.
• Fiscal Q1 2027 guidance implies roughly flat revenue, negative gross margin, and continued cash-flow pressure; semiconductor weakness is adding to the selling.