Why Wolfspeed Stock Crashed Today
In might be time to turn tail and run from Wolfspeed.
Overview
Shares of silicon carbide power module-maker Wolfspeed (NYSE: WOLF) tumbled 15.2% through 11:40 a.m. ET Thursday after missing badly on its earnings report last night.
Heading into its fiscal Q4 2026 report, analysts already weren't optimistic, expecting Wolfspeed to lose $0.52 per share on sales of $223.6 million, but the news was actually much worse. Wolfspeed lost $2.26 per share -- four times as bad as expected -- and its sales were only $149.6 million.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.