Wolfspeed
Makes silicon-carbide wafers, devices, modules, and die for scalable power-device manufacturing.
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Profile
Produces silicon-carbide materials and power products, from wafers and epitaxy to discrete devices, modules, and power die. Its vertically integrated 200 mm platform links materials production with scalable power-device manufacturing.
Builds silicon-carbide materials and power products, including bare and epitaxial wafers, discrete devices, modules, and power die. Its vertically integrated model links materials production with device manufacturing, and the commercial 200 mm portfolio supports scalable next-generation power devices. These products serve automotive, industrial, energy, and data-center power applications.
After selling its LED Products business, the former Cree business became a silicon-carbide pure play under the Wolfspeed name. The 2025 Chapter 11 reorganization created a successor reporting boundary and reset its capital structure. Operations depend on executing the 200 mm manufacturing platform and its facility footprint.
Company facts
Key statistics
Year to date +36.5% · Average volume (30d) 4.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jan 22, 2026 | Susquehanna | Reiterate | Neutral | $30 | $20 | |
| Oct 22, 2025 | Susquehanna | Reiterate | Neutral | $16 | $30 | |
| May 9, 2025 | JP Morgan | Downgrade | Neutral | Underweight | ||
| May 9, 2025 | Citigroup | Downgrade | Neutral | Sell | ||
| Oct 3, 2024 | Mizuho | Downgrade | Neutral | Underperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 19, 2026Q4 FY26 | −$2.45 | −$2.26 | +7.8% | $150.0M | $149.6M | −0.3% | −9.42% |
| May 5, 2026Q3 FY26 | −$3.78 | −$3.26 | +13.8% | $150.0M | $150.2M | +0.1% | +17.61% |
| Feb 4, 2026Q2 FY26 | −$0.62 | −$6.11 | −893.5% | $170.0M | $168.5M | −0.9% | −9.71% |
| Oct 29, 2025Q1 FY26 | −$0.71 | −$0.55 | +22.9% | $195.4M | $196.8M | +0.7% | −18.22% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $185.4M | $197.0M | $196.8M | $168.5M | $150.2M | $149.6M | |
| Gross profit | −$22.5M | −$25.7M | −$77.1M | −$78.3M | −$40.0M | −$36.8M | |
| Operating income | −$194.5M | −$581.6M | −$161.4M | −$158.4M | −$104.2M | −$102.0M | |
| Net income | −$285.5M | −$669.3M | −$643.6M | −$150.6M | −$119.9M | −$145.4M | |
| Diluted EPS | −$5.58 | −$12.90 | −$12.36 | −$2.90 | −$2.30 | −$2.81 | |
| Gross margin | -12.1% | -13.0% | -39.2% | -46.5% | -26.6% | -24.6% | |
| Operating margin | -104.9% | -295.2% | -82.0% | -94.0% | -69.4% | -68.2% |
Fiscal years (4-quarter sums)FY22 $746.2M · FY23 $758.5M · FY24 $807.2M · FY25 $757.6M · FY26 $665.1M
Revenue by product · Q4 FY26
Revenue by geography · Q4 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $1.09B · Total debt $1.69B · Total assets $3.00B · Shareholders' equity $930.2M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 51.97M · Float 5.96M · 11.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Renesas Electronics America Inc. | 18.75M | 39.90% | 13G | May 11, 2026 |
| Integrated Device Technology Inc | 16.85M | 32.43% | 13F | Aug 6, 2026 |
| Diameter Capital Partners LP | 11.97M | 23.03% | 13F | Aug 14, 2026 |
| PRIMECAP Management Company | 6.35M | 5.00% | 13D/G | Nov 12, 2024 |
| T. Rowe Price Associates, Inc. | 6.18M | 12.60% | 13G | Apr 8, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Oct 31, 2025 | Citigroup Inc | 10 percent owner | −194,423 | $26.18 |
| Oct 30, 2025 | Citigroup Inc | 10 percent owner | +116,002 | $26.12 |
| Oct 31, 2025 | Citigroup Inc | 10 percent owner | +78,303 | $27.21 |
Peers
- STMicroelectronics (ADR)
SiC devices, substrates and 200 mm automotive power capacity
- ON Semiconductor
EliteSiC MOSFETs and modules for EV and industrial power
- Coherent
Merchant SiC wafers and epitaxy for power electronics
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Wolfspeed | $25.65 | −0.70% | $1.34B | — | — | 2.0 | −24.1% |
| STMicroelectronics (ADR) | $49.33 | −0.10% | $44.07B | 96.8 | 24.8 | 3.3 | +24.4% |
| ON Semiconductor | $72.80 | +0.29% | $28.27B | 46.5 | 18.6 | 4.6 | +9.2% |
| Coherent | $279.00 | −0.02% | $54.62B | 67.9 | 29.8 | 7.7 | +33.7% |
| Median | 67.9 | 24.8 | 4.6 | +24.4% |