Wolfspeed, Inc. (NYSE:WOLF ) Q3 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Tyler Gronbach - Vice President of External Affairs Tom Werner - Chairman of the Board Robert Feurle - Chief Executive Officer Neill Reynolds - Chief Financial Officer Operator Hello, everyone. Thank you for joining the Wolfspeed Incorporated Third Quarter Fiscal 2025 Earnings Call.
WOLF's fiscal third-quarter 2025 results are expected to suffer from sluggish materials products revenues.
Shares of industrial outfit Wolfspeed (WOLF 30.14%) are ending a raucous trading week as wildly as they started it, rallying again on Friday to overcome Tuesday's sizable pullback from the prior week's explosive gains. As of 12:56 p.m.
Do you own a stake in industrial technology outfit Wolfspeed (WOLF -1.10%)? Maybe it's on your watch list?
Wolfspeed Inc (NYSE:WOLF) shares fell almost 50% amid concerns the chipmaker may not receive federal funding from the CHIPS and Science Act. The company's outgoing interim executive chairman Thomas Werner commented that the company is being managed to not be overly reliant on CHIPS funds, raising investor concerns about securing the funding.
Wolfspeed said it maintains what it called a constructive dialogue with the White House and the Commerce Department to secure federal funding.
Friday is looking like a lousy day to own stock in Wolfspeed (WOLF -47.49%) -- and nobody seems to know why.
Wolfspeed's shares slumped about 48% on Friday, hitting their lowest since 1998, a day after the chipmaker appointed a new CEO amid its struggles to improve its financial position.
Chipmaker Wolfspeed said on Thursday it appointed industry veteran Robert Feurle as its CEO, months after its board ousted former top boss Gregg Lowe.
Wolfspeed has hired Robert Feurle as the electric-vehicle chip maker's new chief executive, effective May 1.
Wolfspeed (WOLF -2.48%) is yet another company feeling the impacts of the slower-than-expected expansion of the EV industry.
WOLF suffers from softness in the industrial and energy markets, as well as widening losses and a cautious outlook.