Wolfspeed says expects to add ‘going concern’ language in Form 10-Q

On its earnings call on Thursday, Wolfspeed (WOLF) said it continues to actively engage with its lenders to improve its capital structure. “As we consider alternatives as it relates to these negotiations… we expect to receive approximately $600M of 48D cash tax refunds during fiscal year 2026, further improving our cash position. As part of its lender negotiations, Wolfspeed said it may elect to pursue either in court or out-of-court options, and due to its contemplation of an in-court option, the company expects to include required “going concern” language in the footnotes to the financial statements of the upcoming Form 10-Q. Shares of Wolfspeed are down nearly 23% in premarket trading.