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Wolfspeed (NYSE:WOLF) shares fell sharply in premarket trading on Thursday after the semiconductor manufacturer delivered significantly weaker-than-expected fiscal fourth-quarter results, extending the selloff that began following Wednesday evening’s earnings announcement. The stock dropped 10.
The silicon carbide maker reported a wider-than-expected loss and expects next-quarter sales to remain broadly flat at $140 million to $160 million.
In addition to meeting analyst expectations for fourth quarter revenue, it also beat on earnings per share.
Navitas is facing intense scrutiny as Wolfspeed filed a patent infringement lawsuit against it. How should you play Navitas now?
Navitas Semiconductor (NASDAQ:NVTS) shares fell 7% on Wednesday morning after Wolfspeed (NYSE:WOLF) filed a patent infringement lawsuit against the company in the U. S.
Wolfspeed (WOLF) is back in focus after third quarter 2026 results highlighted continued losses along with a reshaped balance sheet, new silicon carbide product milestones, fresh leadership and revenue guidance for the coming quarter. See our latest analysis for Wolfspeed. That backdrop of restructuring and new product milestones has coincided with a powerful rebound in the stock, with the year to date share price return of 146.17% and a 90 day share price return of 194.94% pointing to...
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