Wolfspeed, Inc. (WOLF)

Wolfspeed, Inc., a semiconductor company, focuses on silicon carbide materials and devices for power applications in Europe, Hong Kong, Singapore, China, rest of Asia Pacific, Japan, the United States, and internationally. The company offers silicon carbide and gallium nitride (GaN) materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, silicon carbide substrates, mosfets, schotky diodes, power, and other applications. It also provides power devices, such as silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), and power modules for customers and distributors to use in various applications of automotive domains, including electric vehicles and fast charging, as well as existing and emerging applications in the industrial and energy domain, such as AI data centers, grid modernization, and renewable energy and storage. 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.

Ticker
WOLF
Exchange
NYSE
Sector
Technology
Industry
Semiconductors
Market cap
$3.70B
52-week range
$13.48 - $80.82

Valuation

Share price
$23.79 (close of Nov 6, 2026)
P/E (TTM)
-2.09x
Price to book
-8.28x
Price to free cash flow
-1.87x
Enterprise value
$9.44B
Book value per share
$-2.87

Price performance

PeriodChange
1 day+16.85%
5 days+8.23%
1 month-25.26%
3 months-13.77%
6 months-44.78%
Year to date+36.65%
1 year+27.56%
All time+7.65%

Short interest

As of
Oct 15, 2026
Short % of float
51.81%
Shares short
27.38M
Days to cover
4.25
Change since prior report
+1.96%
Source
FINRA consolidated short interest

Profitability and growth

Return on invested capital
-21.11%
Return on assets
-23.48%
Gross margin
-16.05%
Net margin
-212.41%
EBITDA margin
-142.17%
Revenue growth
-6.14%

Cash flow and balance sheet

Free cash flow yield (TTM)
-53.56%
Current ratio
0.36x
Net debt to EBITDA
-5.46x

Latest reported year

Period end
Jun 29, 2025
Fiscal year
2025
Revenue
$757.60M
Cost of revenue
$879.20M
Gross profit
-$121.60M
EBITDA
-$1.08B
Net income
-$1.61B
Earnings per share
$-11.39
Research and development
$175.10M
Interest expense
$315.20M
Shares outstanding
141.32M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-06-29$757.60M-$121.60M-$1.61B-$11.39
2024-06-30$807.20M$77.40M-$864.20M-$6.88
2023-06-25$758.50M$242.90M-$329.90M-$2.65
2022-06-26$572.10M$208.10M-$200.90M-$1.67
2021-06-27$525.60M$164.60M-$523.90M-$4.66
2020-06-28$470.70M$158.50M-$191.70M-$1.78
2019-06-30$538.20M$243.70M-$375.10M-$3.62
2018-06-24$924.90M$302.00M-$280.00M-$2.81
2017-06-25$771.50M$244.00M-$98.10M-$1.00
2016-06-26$1.62B$487.07M-$21.54M-$0.21

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-06-29-16.05%-212.41%--21.11%
2024-06-309.59%-107.06%-97.97%-6.21%
2023-06-2532.02%-43.49%-20.34%-6.53%
2022-06-2636.37%-35.12%-8.24%-5.77%
2021-06-2731.32%-99.68%-24.75%-10.58%
2020-06-2833.67%-40.73%-9.18%-7.45%
2019-06-3045.28%-69.70%-18.38%-3.55%
2018-06-2432.65%-30.27%-13.51%-1.13%
2017-06-2531.63%-12.72%-4.41%-0.85%
2016-06-2630.13%-1.33%-0.91%-0.34%

Cash and debt by year

Period endCashDebt
2025-06-29$955.40M$6.54B
2024-06-30$2.17B$6.16B
2023-06-25$2.95B$3.03B
2022-06-26$1.20B$1.02B
2021-06-27$1.15B$823.90M
2020-06-28$1.24B$783.80M
2019-06-30$1.05B$469.10M
2018-06-24$387.10M$292.00M
2017-06-25$610.94M$145.00M
2016-06-26$605.30M$160.00M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-06-29-$1.98B$73.30M
2024-06-30-$3.00B$84.90M
2023-06-25-$1.09B$72.70M
2022-06-26-$791.00M$53.70M
2021-06-27-$696.00M$53.20M
2020-06-28-$258.90M$47.20M
2019-06-30$77.60M$42.90M
2018-06-24$1.20M$37.90M
2017-06-25$133.60M$47.70M
2016-06-26$83.30M$58.73M

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-04Sep 2026-$2.18
2026-08-19Jun 2026-
2026-05-05Mar 2026-
2026-02-04Dec 2025-
2025-10-29Sep 2025-
2025-08-25Jun 2025-$0.87
2025-05-08Mar 2025-$0.97
2025-01-29Dec 2024-$1.19

Filings and sources

Company website
wolfspeed.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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