On this page of StockholderLetter.com we present the latest annual shareholder letter from WOLFSPEED, INC. — ticker symbol WOLF. Reading current and past WOLF letters to shareholders can bring important insights into the investment thesis.

 •  10/30/2025 Letter Continued (Full PDF)
 •  9/11/2023 WOLF Stockholder Letter
 •  10/21/2024 WOLF Stockholder Letter
 •  More "Semiconductors" Category Stockholder Letters
 •  WOLF Benford's Law Stock Score = 75

WOLF Shareholder/Stockholder Letter Transcript:

LETTER TO SHAREHOLDERS FISCAL 2025
Fellow Shareholders,
When I joined Wolfspeed in May, I saw a company
with scale, talent, and technology to lead the global
transition from silicon to silicon carbide. My time
thus far has made me even more confident in
that conviction and in our ability to create value
for shareholders.
We are emerging from a significant period of
transformation. The successful completion of our
financial restructuring has provided us with a stronger
balance sheet, a simpler operating model, and the
flexibility to focus on what matters most     disciplined
execution and profitable growth.
We are aligning operations with customer needs,
deploying capital more efficiently, and strengthening
accountability across the organization. Wolfspeed now
operates with a leaner cost structure and a renewed
focus on delivering consistent results.
We have also strengthened our leadership team
with proven semiconductor and operational
expertise, including the appointments of Gregor van
Issum as CFO, David Emerson as COO, and Matthias
Buchner as SVP of Global Sales and CMO. This team
is uniting around a shared focus on performance,
customer success, and technology leadership.
That focus is already evident. During the year,
Wolfspeed continued to innovate and extend its
technology leadership in silicon carbide while
navigating a period of significant change. Our 200mm
Mohawk Valley Fab maintained its strong trajectory,
contributing to record quarterly power device revenue
in the fourth quarter of fiscal 2025.
We launched our Gen4 platform purpose-built for the
high-voltage, high-performance demands of
next-generation applications including AI data centers,
aerospace and defense, automotive, and energy storage.
The company also announced commercial availability
of a full suite of 200mm silicon carbide materials. At
the same time, we are simplifying our manufacturing
footprint, consolidating around 200mm production to
improve efficiency and drive long-term profitability.
With our financial restructuring successfully behind us
and major capacity investments complete, Wolfspeed
entered fiscal 2026 with focus and momentum. We
believe the long-term demand for energy-efficient
power solutions remains one of the most compelling
opportunities in semiconductors, and silicon carbide is
at the center of that transition.
We are building a more disciplined, resilient, and
customer-driven company, a company positioned to
lead in technology, drive operational excellence, and
create sustainable value for our shareholders.
To our employees, thank you for your dedication and
resilience. And to our customers and shareholders,
thank you for your continued confidence and trust as
we begin this next chapter together.
Sincerely,
Robert Feurle
Chief Executive Officer



 10/30/2025 Letter Continued (Full PDF)