Wolfspeed (NYSE:WOLF) Issues Quarterly Earnings Results

Wolfspeed (NYSE:WOLF) released its quarterly earnings data on Wednesday. The company reported ($2.26) EPS for the quarter, topping analysts’ consensus estimates of ($2.45) by $0.19, Briefing.com reports. The company had revenue of $149.60 million for the quarter, compared to the consensus estimate of $150.00 million. During the same period last year, the firm earned ($0.77) earnings per share. The company’s revenue for the quarter was down 24.1% compared to the same quarter last year.

Here are the key takeaways from Wolfspeed’s conference call:

• AI data-center revenue more than doubled year over year in fiscal 2026 and rose about 20% sequentially in the fourth quarter. Wolfspeed cited design wins with Lite-On, Macрe and other power-supply companies supporting hyperscaler customers and emerging 800-volt architectures.
• Wolfspeed ended the quarter with approximately $1.1 billion in cash and short-term investments, while $46 million of convertible notes were converted to equity, reducing annual interest expense by about $1 million. Management also continues to pursue debt refinancing and cost-of-capital reductions.
• The company announced progress on its technology roadmap, including Gen 5 silicon carbide MOSFETs and commercially ready 10-kilovolt MOSFETs. It also highlighted new automotive business, a partnership with GE Aerospace, and initial engineering shipments of 200-millimeter substrates.
• Fourth-quarter non-GAAP gross margin remained deeply negative at -19.9%, and management expects gross margin to remain negative in fiscal Q1 2027. Executives said gross-margin break-even likely requires roughly an $800 million annual revenue run rate, subject to product mix.
• Fourth-quarter revenue was $150 million, at the midpoint of guidance, and fiscal Q1 2027 revenue is expected to range from $140 million to $160 million. Automotive and industrial demand showed traction, but management said end-market demand and customer product-mix changes remain difficult to predict.

Wolfspeed Stock Performance

WOLF opened at $29.10 on Thursday. The stock has a fifty day moving average of $35.83 and a 200-day moving average of $32.70. The company has a market capitalization of $1.51 billion and a P/E ratio of -2.76. Wolfspeed has a fifty-two week low of $8.05 and a fifty-two week high of $80.82.

Analyst Ratings Changes

A number of analysts have recently issued reports on WOLF shares. Weiss Ratings restated a “sell (d-)” rating on shares of Wolfspeed in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of Wolfspeed from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Finally, Susquehanna lowered their price target on shares of Wolfspeed from $40.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.00.

Institutional Trading of Wolfspeed

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quinn Opportunity Partners LLC grew its position in shares of Wolfspeed by 23.9% during the 4th quarter. Quinn Opportunity Partners LLC now owns 86,400 shares of the company’s stock worth $1,504,000 after purchasing an additional 16,686 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Wolfspeed in the fourth quarter valued at approximately $1,072,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Wolfspeed in the fourth quarter valued at approximately $1,056,000. State Street Corp acquired a new stake in shares of Wolfspeed in the fourth quarter valued at approximately $1,029,000. Finally, Stifel Financial Corp boosted its stake in shares of Wolfspeed by 38.2% in the fourth quarter. Stifel Financial Corp now owns 56,037 shares of the company’s stock valued at $976,000 after buying an additional 15,494 shares during the period.

Trending Headlines about Wolfspeed

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Wolfspeed reported fiscal fourth-quarter adjusted EPS of $(2.26), better than the $(2.45) analyst consensus. Revenue of $149.6 million was broadly in line with expectations. Wolfspeed Reports Financial Results for the Fourth Quarter of Fiscal 2026
• Positive Sentiment: AI data-center revenue more than doubled year over year in fiscal 2026 and rose approximately 20% sequentially in the fourth quarter, supporting management’s view that this could become a meaningful long-term growth opportunity. Wolfspeed targets first-quarter fiscal 2027 revenue
• Positive Sentiment: The company launched its fifth-generation silicon-carbide MOSFET technology, a product-development milestone intended to strengthen Wolfspeed’s position in power semiconductors. Wolfspeed fiscal 2026 fourth-quarter earnings presentation

About Wolfspeed

Wolfspeed, Inc (NYSE: WOLF) is a leading developer and manufacturer of silicon carbide (SiC) and gallium nitride (GaN) semiconductor materials and devices. The company’s product portfolio addresses high-growth markets such as electric vehicles, renewable energy, fast-charging infrastructure, aerospace and defense, and telecommunications. By leveraging proprietary materials and device designs, Wolfspeed delivers solutions that offer improved energy efficiency, higher power density and greater thermal performance compared to conventional silicon-based semiconductors.

Founded as part of Cree, Inc and spun off to form an independent public company in October 2021, Wolfspeed traces its roots to the mid-1980s when it pioneered the commercial use of wide-bandgap semiconductor technology.