Wolfspeed Emerges from Chapter 11 Bankruptcy and Maintains Strong Cash Position
Wolfspeed Inc. has successfully emerged from a voluntary Chapter 11 bankruptcy proceeding as of September 29, 2025. The company reports maintaining normal business operations throughout the restructuring and concludes the second quarter of fiscal 2026 with $1.3 billion in cash, cash equivalents, and short-term investments, supporting its self-funded business plan going forward. Wolfspeed has adopted fresh start accounting, meaning its assets and liabilities are now recorded at estimated fair values, making current financial statements not directly comparable to those from before the restructuring. Management expects operating expenses to remain flat or slightly decrease sequentially, with further quarter-over-quarter improvements in gross margin anticipated, though margins are still expected to remain negative in the fiscal third quarter.Disclaimer: This news brief was created by Public Technologies using generative artificial intelligence. While PUBT strives to provide accurate and t