Wolfspeed reported a decline in revenue for Q4 FY2025, down to $197.0 million, with non-GAAP gross margin dropping to (1%) due to underutilization costs. The company remains in bankruptcy proceedings with no forward guidance provided. Despite a slight improvement in non-GAAP loss per share and operating loss, Wolfspeed continues to face financial distress and negative cash flow. Margins remain a concern, with operating loss narrowing but still significant, and free cash flow improving but remaining negative. The company is focused on restructuring efforts and transforming its operations, but uncertainties persist due to the bankruptcy status.

Read more at Nasdaq, Inc.: Wolfspeed Reports 2% Revenue Drop in Q4