Wolfspeed Q3 Earnings Beat Estimates, Revenues Decline Y/Y

Wolfspeed (WOLF) reported a third-quarter fiscal 2025 non-GAAP loss of 72 cents per share, which beat the Zacks Consensus Estimate by 12.2%. The company reported a loss of 62 cents per share in the year-ago quarter.Revenues of $185.4 million decreased 7.6$78 million in revenues in the reported quarter.Power Products accounted for 58% of revenues, while Materials Products contributed 42%. Power Products’ revenues increased ...