Wolfspeed, Inc. (WOLF) Income Statement
WOLF FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsWOLF revenue and net income
Where WOLF's revenue goes
FY2026Each bar shows an amount and its share of revenue. WOLF kept 0.7% of revenue as net income.
WOLF profit margins
WOLF growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −12.2% | −4.3% | +4.8% | −8.5% |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WOLF quarterly EPS vs estimates
Wolfspeed beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $-2.18).
WOLF income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $665.1M | $757.6M | $807.2M | $758.5M | $572.1M | $525.6M | $470.7M | $1.08B | $924.9M | $1.47B |
| Cost of revenue | $897.2M | $879.2M | $729.8M | $515.6M | $364.0M | $375.5M | $326.7M | $704.6M | $624.7M | $1.03B |
| Gross profit | −$232.1M | −$121.6M | $77.4M | $242.9M | $208.1M | $150.1M | $144.0M | $375.4M | $300.2M | $439.1M |
| Research & development | $111.7M | $175.1M | $201.9M | $165.7M | $142.6M | $177.8M | $152.0M | $157.9M | $127.3M | $158.5M |
| Sales, general & admin | $141.6M | $257.9M | $246.4M | $225.8M | $190.1M | $181.6M | — | $200.7M | $279.6M | $277.2M |
| Total operating expenses | $317.3M | $1.21B | $503.2M | $554.7M | $411.2M | $362.2M | $335.8M | $359.9M | $298.3M | $467.7M |
| Operating income | −$549.4M | −$1.33B | −$425.8M | −$311.8M | −$203.1M | −$212.1M | −$191.8M | $15.5M | $1.9M | −$28.7M |
| Interest income | — | $67.6M | $135.0M | $58.2M | $11.3M | — | — | — | — | — |
| Interest expense | $150.6M | $315.2M | $246.3M | $42.6M | $25.1M | $45.4M | $34.9M | $12.0M | $7.3M | — |
| Income before taxes | $9.3M | −$1.62B | −$572.5M | −$259.8M | −$241.9M | −$340.2M | −$205.6M | −$45.2M | −$17.6M | −$4.7M |
| Income taxes | $4.9M | −$9.7M | $1.1M | $700,000 | $8.2M | $1.1M | −$8.0M | $12.7M | −$1.2M | $93.5M |
| Net income | $4.4M | −$1.61B | −$864.2M | −$329.9M | −$200.9M | −$523.9M | −$191.7M | −$308.9M | −$280.0M | −$98.1M |
| EBITDA | $329.2M | −$1.05B | −$145.2M | −$71.6M | −$105.3M | −$173.9M | −$94.7M | $137.9M | $113.5M | $121.9M |
| EPS (diluted) | −$12.36 | −$3.35 | −$2.59 | −$0.70 | −$0.51 | −$0.88 | −$0.45 | $11.00 | −$8.15 | −$2.92 |
| Gross margin | −34.9% | −16.1% | 9.6% | 32.0% | 36.4% | 28.6% | 30.6% | 34.8% | 32.5% | 29.8% |
| Operating margin | −82.6% | −175.4% | −52.8% | −41.1% | −35.5% | −40.4% | −40.7% | 1.4% | 0.2% | −1.9% |
| Net margin | 0.7% | −212.4% | −107.1% | −43.5% | −35.1% | −99.7% | −40.7% | −28.6% | −30.3% | −6.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.6M | $150.2M | $168.5M | $196.8M | $197.0M | $185.4M | $180.5M | $194.7M | $200.7M | $200.7M | $208.4M | $197.4M |
| Cost of revenue | $186.4M | $190.2M | $246.8M | $273.9M | $222.7M | $207.9M | $218.0M | $231.2M | $198.5M | $178.5M | $180.9M | $173.0M |
| Gross profit | −$36.8M | −$40.0M | −$78.3M | −$77.1M | −$25.7M | −$22.5M | −$37.5M | −$36.5M | $2.2M | $22.2M | $27.5M | $24.4M |
| Research & development | $27.9M | $27.2M | $24.9M | $31.7M | $37.6M | $42.2M | $44.4M | $50.9M | $60.0M | $52.5M | $45.3M | $44.1M |
| Sales, general & admin | $37.3M | $37.0M | $29.4M | $37.9M | $103.5M | $41.1M | $51.1M | $62.2M | $61.6M | — | — | — |
| Total operating expenses | $78.6M | $64.2M | $80.1M | $84.3M | $555.9M | $172.0M | $95.5M | $114.5M | $121.6M | $108.3M | $110.2M | $108.2M |
| Operating income | −$115.4M | −$104.2M | −$158.4M | −$161.4M | −$581.6M | −$194.5M | −$133.0M | −$151.0M | −$119.4M | −$86.1M | −$82.7M | −$83.8M |
| Interest income | $9.8M | $10.9M | $9.6M | $8.9M | $9.0M | $19.4M | $17.0M | $22.2M | — | — | — | — |
| Interest expense | $39.8M | $52.1M | $58.0M | $700,000 | $84.8M | $85.4M | $80.5M | $64.5M | $60.8M | $59.5M | $64.3M | $61.7M |
| Income before taxes | −$144.9M | −$120.2M | −$149.4M | −$643.5M | −$679.4M | −$285.4M | −$372.3M | −$281.8M | −$174.4M | −$148.8M | −$125.9M | −$123.4M |
| Income taxes | $500,000 | −$300,000 | $1.2M | $100,000 | −$10.1M | $100,000 | −$100,000 | $400,000 | $500,000 | $100,000 | $300,000 | $200,000 |
| Net income | −$145.4M | −$119.9M | −$150.6M | −$643.6M | −$669.3M | −$285.5M | −$372.2M | −$282.2M | −$174.9M | −$148.9M | −$144.7M | −$395.7M |
| EBITDA | −$73.4M | −$37.2M | −$54.0M | −$573.5M | −$534.2M | −$146.1M | −$225.1M | −$146.2M | −$68.3M | −$42.3M | −$13.0M | −$21.6M |
| EPS (diluted) | −$2.44 | −$3.26 | −$6.11 | −$0.55 | −$0.77 | −$0.72 | −$0.95 | −$0.91 | −$0.89 | −$0.62 | −$0.55 | −$0.53 |
| Gross margin | −24.6% | −26.6% | −46.5% | −39.2% | −13.0% | −12.1% | −20.8% | −18.7% | 1.1% | 11.1% | 13.2% | 12.4% |
| Operating margin | −77.1% | −69.4% | −94.0% | −82.0% | −295.2% | −104.9% | −73.7% | −77.6% | −59.5% | −42.9% | −39.7% | −42.5% |
| Net margin | −97.2% | −79.8% | −89.4% | −327.0% | −339.7% | −154.0% | −206.2% | −144.9% | −87.1% | −74.2% | −69.4% | −200.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WOLF's financial statements (latest annual report filed August 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WOLF financial results
In fiscal year 2026 (ended June 30, 2026), Wolfspeed reported revenue of $665.1 million, down 12.2% from the year before. It had net income of $4.4 million, a net profit margin of 0.7%. Diluted earnings per share came to −$12.36. Over five years revenue grew at an average rate of 4.8% a year.
See the WOLF stock overview for the latest quote and news, or the WOLF chart for price history and technical indicators.
WOLF income statement FAQ
What is Wolfspeed's annual revenue?
Wolfspeed reported total revenue of $665.1 million for fiscal year 2026, which ended on June 30, 2026. That was down 12.2% from $757.6 million the previous year.
Is Wolfspeed profitable?
Yes. Wolfspeed reported net income of $4.4 million in fiscal 2026, a net profit margin of 0.7%; its operating margin was −82.6%.
What is Wolfspeed's gross margin?
Wolfspeed's gross margin was −34.9% in fiscal 2026: for every $100 of revenue, Wolfspeed kept $-35 after the direct cost of its products and services.
How much does Wolfspeed spend on research and development?
Wolfspeed spent $111.7 million on research and development in fiscal 2026, 16.8% of revenue.
How fast is Wolfspeed growing?
Revenue grew 4.8% a year on average over the last five fiscal years, from $525.6 million to $665.1 million.
What are Wolfspeed's earnings per share?
Wolfspeed earned $-12.36 per diluted share in fiscal 2026, compared with $-3.35 a year earlier.
When will Wolfspeed report its next earnings?
Wolfspeed is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Wolfspeed's fiscal year end?
Wolfspeed's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 20, 2026.