WOLF Stock - Wolfspeed, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $757.60M | $807.20M | $758.50M | $572.10M | $525.60M |
| Gross Profit | $-121,600,000 | $77.40M | $242.90M | $208.10M | $164.60M |
| Gross Margin | -16.1% | 9.6% | 32.0% | 36.4% | 31.3% |
| Operating Income | $-1,329,200,000 | $-445,300,000 | $-311,800,000 | $-203,100,000 | $-313,900,000 |
| Net Income | $-1,609,200,000 | $-864,200,000 | $-329,900,000 | $-200,900,000 | $-523,900,000 |
| Net Margin | -212.4% | -107.1% | -43.5% | -35.1% | -99.7% |
| EPS | $-11.39 | $-6.88 | $-2.65 | $-1.67 | $-4.66 |
Wolfspeed, Inc. provides silicon carbide and gallium nitride (GaN) materials, power devices, and radio frequency (RF) devices based on wide bandgap semiconductor materials and silicon. The company's silicon carbide and GaN materials comprise silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers. It offers silicon carbide materials for customers to manufacture products for RF, power, and other applications. The company's power devices include silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for customers and distributors to use in applications, such as electric vehicles comprising charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. Its RF devices comprise GaN-based die, high-electron mobility transistors, monolithic microwave integrated circuits, and laterally diffused MOSFET power transistors for telecommunications infrastructure, military, and other commercial applications. The company's products are also used in transportation, fast charging, wireless systems, 5G, motor drives, renewable energy and storage, and aerospace and defense applications; and materials products and RF devices are used in military communications, radar, satellite, and telecommunication applications. It serves customers in North America, Asia, and Europe. The company was formerly known as Cree, Inc. and changed its name to Wolfspeed, Inc. in October 2021. Wolfspeed, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| May 9th 2025 | JP Morgan | Downgrade | Underweight | - |
| October 3rd 2024 | Mizuho | Downgrade | Underperform | $8← $17 |
| August 22nd 2024 | Goldman | Reiterated | Buy | $28← $48 |
| August 22nd 2024 | TD Cowen | Reiterated | Hold | $15← $25 |
| August 7th 2024 | New Street | Downgrade | Neutral | $18 |
| May 2nd 2024 | TD Cowen | Downgrade | Hold | $25← $40 |
| May 2nd 2024 | William Blair | Downgrade | Market Perform | - |
| April 5th 2024 | Mizuho | Initiation | Neutral | $30 |
| April 3rd 2024 | Wells Fargo | Downgrade | Equal Weight | $30← $55 |
| May 18th 2023 | Jefferies | Initiation | Hold | $46 |
| April 27th 2023 | Oppenheimer | Downgrade | Perform | - |
| April 17th 2023 | JP Morgan | Downgrade | Neutral | $65← $100 |
| April 3rd 2023 | Citigroup | Downgrade | Neutral | $66← $95 |
| December 12th 2022 | Susquehanna | Initiation | Neutral | $90 |
| October 24th 2022 | JP Morgan | Upgrade | Overweight | $160← $130 |
Earnings History & Surprises
WOLFEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 4, 2026 | — | — | — | — |
Q4 2025 | Oct 29, 2025 | $-0.71 | $-0.55 | +22.9% | ✓ BEAT |
Q3 2025 | Aug 25, 2025 | $-0.72 | $-0.77 | -6.9% | ✗ MISS |
Q2 2025 | May 8, 2025 | $-0.82 | $-0.72 | +12.2% | ✓ BEAT |
Q1 2025 | Jan 29, 2025 | $-0.97 | $-0.95 | +2.1% | ✓ BEAT |
Q4 2024 | Nov 6, 2024 | $-1.01 | $-0.91 | +9.9% | ✓ BEAT |
Q3 2024 | Aug 21, 2024 | $-0.84 | $-0.89 | -6.0% | ✗ MISS |
Q2 2024 | May 1, 2024 | $-0.64 | $-0.62 | +3.1% | ✓ BEAT |
Q1 2024 | Jan 31, 2024 | $-0.63 | $-0.55 | +12.7% | ✓ BEAT |
Q4 2023 | Oct 30, 2023 | $-0.68 | $-0.53 | +22.1% | ✓ BEAT |
Q3 2023 | Aug 16, 2023 | $-0.20 | $-0.42 | -110.0% | ✗ MISS |
Q2 2023 | Apr 26, 2023 | $-0.15 | $-0.13 | +13.3% | ✓ BEAT |
Q1 2023 | Jan 25, 2023 | $-0.14 | $-0.11 | +21.4% | ✓ BEAT |
Q4 2022 | Oct 26, 2022 | $-0.05 | $-0.04 | +20.0% | ✓ BEAT |
Q3 2022 | Aug 17, 2022 | $-0.10 | $-0.02 | +80.0% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $-0.14 | $-0.12 | +14.3% | ✓ BEAT |
Q1 2022 | Jan 26, 2022 | $-0.19 | $-0.16 | +15.8% | ✓ BEAT |
Q4 2021 | Oct 27, 2021 | $-0.24 | $-0.21 | +12.5% | ✓ BEAT |
Q3 2021 | Aug 17, 2021 | $-0.24 | $-0.23 | +4.2% | ✓ BEAT |
Latest News
Wolfspeed Says Silicon Carbide Components Used In Toyota's Electric Vehicle Platform
📈 PositiveWolfspeed receives $698.6M in cash tax refunds
📈 PositiveWolfspeed shares are trading higher after the company announced it received $698.6 million in cash tax refunds from the Internal Revenue Service.
📈 PositiveIRS Grants Wolfspeed $698.6M In Section 48D Cash Tax Refunds
📈 PositiveWolfspeed And Hopewind Collaborate To Advance Development Of Wind Power Solutions By Integrating 2.3k LM Pack Module Into Hopewind's 950Vac Wind Power Converter
📈 PositiveWolfspeed shares are trading lower after the company reported mixed Q1 financial results and issued Q2 sales guidance below estimates.
📉 NegativeWolfspeed falls after it expects revenue decline for quarter in progress
📉 NegativeWolfspeed shares are trading lower after the company reported mixed Q1 financial results and issued Q2 sales guidance below estimates.
📉 NegativeWolfspeed Sees Q2 Sales $150.000M-$190.000M vs $208.468M Est
📉 NegativeWolfspeed Q1 Adj. EPS $(0.55) Beats $(0.64) Estimate, Sales $196.800M Miss $198.508M Estimate
➖ NeutralSusquehanna Maintains Neutral on Wolfspeed, Raises Price Target to $30
📈 PositiveVoya Financial Reports 18.3% Passive Stake In Wolfspeed, Inc. As Of Sept 30
📈 PositiveWatching Wolfspeed; Traders Circulate Unconfirmed Note Suggesting The U.S. Government May Take An Equity Stake In Silicon Carbide Chipmaker Wolfspeed For Strategic Reasons Like National Security, Competition With China, And Critical Supply Chains
📈 PositiveWolfspeed emerges from Ch. 11, appoints five new members to its board of directors
➖ NeutralMarket-Moving News for September 30th
➖ NeutralWolfspeed shares are trading higher after the company on Monday announced a reorganization plan, with shareholders receiving substituted new common stock.
📈 PositiveWolfspeed rockets more than 1,000% as it switches incorporation from N.C. to Del.
📈 PositiveWolfspeed share volume shrinks as it switches incorporation from N.C. to Del.
➖ NeutralWolfspeed shares are trading higher after the company announced a reorganization plan, with shareholders receiving substituted new common stock.
📈 PositiveWolfspeed Shares Halted On Circuit Breaker To The Upside, Stock Now Up 1487.60%
📈 PositiveFrequently Asked Questions about WOLF
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