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Wolfspeed forecasts second-quarter revenue below estimate (Oct. 29)
Yahoo Finance· 2025-10-30 04:42
(Corrects headline and paragraph 1 in Oct. 29 story to say Wolfspeed forecast second-quarter revenue below estimates, not that it reported a lower profit; adds LSEG estimate in paragraph 10) (Reuters) -Wolfspeed on Wednesday forecast second-quarter revenue below analyst estimate, highlighting the challenges facing the U.S. chipmaker as it recovers from bankruptcy and confronts subdued demand. Shares of company plunged more than 18% in extended trading. The company, a key supplier of silicon carbide semi ...