Wolfspeed, Inc. (WOLF) AI Stock Analysis

Wolfspeed, Inc. is a semiconductor company focused on advanced silicon carbide and gallium nitride technologies for global customers across Europe, China, the United States, Japan, and South Korea. Formerly known as Cree, Inc., the company rebranded in October 2021. Its product catalog includes silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide substrates. Wolfspeed also designs and manufactures power devices such as Schottky diodes, MOSFETs, and power modules utilized in electric vehicle infrastructure, server power supplies, solar inverters, and industrial power systems. In addition, it supplies RF devices including GaN-based die and power transistors for telecommunications, military, and commercial use.

Wolfspeed grew revenue from $572.1M in FY2022 to a peak of $807.2M in FY2024 before experiencing top-line contractions. Revenue fell 6.1% in FY2025 to $757.6M and declined 12.2% in FY2026 to $665.1M, reflecting a 5-year revenue CAGR of 4.8%. Gross margin deteriorated from 36.4% in FY2022 to -34.9% in FY2026, while operating margin sat at -82.6%. Net income reached $4.4M in FY2026 compared to -$1.61B in FY2025, though diluted EPS remained negative at -$12.36. In the latest quarter ended June 30, 2026, quarterly revenue dropped 24.1% year-over-year.

As of June 30, 2026, Wolfspeed held $1.09B in cash and short-term investments alongside total debt of $1.69B, resulting in net debt of $600.8M. The company maintains short-term liquidity with a current ratio of 6.86, while its debt-to-equity ratio stands at 1.82 against shareholders' equity of $930.2M. Cash generation remains negative, with FY2026 operating cash flow at -$203.2M and capital expenditures of $176.9M driving free cash flow of -$380.1M. Over the past five years, its share count increased by 32.3%.

Wolfspeed trades at an enterprise value of $2.14B and a market cap of $1.23B. The stock carries a forward P/E of 714.3x, significantly above the 18.8x median of its US-listed Technology peers. Its price-to-sales ratio of 1.8x and EV/EBITDA of 12.3x compare to peer medians of 2.8x and 16.6x, respectively. The stock closed at $23.22 on October 16, 2026, down 22.7% from its 200-day moving average. Over the past year, Wolfspeed shares fell 28.4%, trailing the S&P 500 benchmark return of 16.8%.

Wall Street coverage includes 2 Hold ratings, with 0 Buy and 0 Sell ratings. The mean price target is $27.50, representing an 18.4% premium over the last close of $23.22. For the current fiscal year ending June 30, 2027, consensus estimates forecast revenue of $764.0M and EPS of -$7.51. For the following fiscal year, 2 analysts project revenue of $795.1M and EPS of -$5.83. Wolfspeed has beaten EPS expectations in 2 of the last 4 quarters, and its next earnings date is November 4, 2026.

This page is an AI-written research summary of Wolfspeed, Inc. (WOLF). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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