Wolfspeed reported Q4 FY2026 revenue of $150 million, missing Street estimates, with non-GAAP gross margin at –20% and guidance for continued negative margins.
Wolfspeed and Navitas shares rise after Vicor boosts guidance and Huawei unveils its LogicFolding chip design, triggering a rally in Chinese semiconductor stocks like SMIC.
Wolfspeed shares jumped after a report said AI demand boosts its power chips. Other chip stocks also rose sharply.
Wolfspeed successfully exited bankruptcy, now financially stronger after slashing 70% of debt and 60% of interest costs.
