The earnings call highlights Wolfspeed's strategic restructuring efforts, revenue growth from key segments, and improvements in capital structure and liquidity. However, these positive aspects are tempered by significant restructuring charges, negative free cash flow, and the inclusion of going concern language in financial statements, indicating potential financial uncertainties.

Company Guidance -

Q1 2026

During the third quarter of fiscal year 2025 earnings call, Wolfspeed, Inc. provided guidance focusing on their strategic initiatives and financial performance. The company reported a revenue of $185 million, with Mohawk Valley contributing $78 million, reflecting a 50% sequential growth. Non-GAAP gross margin was noted at 2.2%, and adjusted EPS stood at negative $0.72 per share. The company aims to achieve $200 million in annual cash savings and expects to generate $150 million from non-core asset divestitures. Wolfspeed is targeting a reduction in their non-GAAP EBITDA break-even point to approximately $800 million annually and anticipates generating $200 million of positive unlevered operating cash flow by fiscal 2026. Additionally, they concluded the quarter with $1.3 billion in cash and liquidity, benefiting from $192 million in Section 48D cash tax refunds. The company plans to accelerate its transition to a 200-millimeter silicon carbide production, aiming to capitalize on high-growth markets such as AI data centers, energy storage, EVs, aerospace, and defense.

Revenue Growth and Performance

Wolfspeed generated revenue of $185 million, in line with guidance and up 2.2% sequentially. Mohawk Valley posted $78 million in revenue, with a sequential growth of 50% and over 175% year-over-year growth.

Capital Structure and Liquidity Improvements

Approximately $192 million in cash tax refunds from the Section 48D Advanced Manufacturing Tax Credit was received, boosting liquidity. Over $1.3 billion of cash and liquidity was available at the end of the quarter.

Strategic Restructuring and Cost Savings

Initiatives targeting $200 million in annual cash savings and $150 million from non-core asset divestitures are underway, including a reduction in the senior leadership team by 30% and a 25% reduction in total company employment.

200-Millimeter Manufacturing Transition

Wolfspeed completed its fully automated 200-millimeter facility footprint, focusing on higher quality and lower cost wafers, with plans to exit the 150-millimeter device market.

Wolfspeed (WOLF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WOLF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2026 (Q1)	-0.69 / -	-0.91	―	―	―
Aug 25, 2025	2025 (Q4)	-0.70 / -0.77	-0.89	13.48% (+0.12)	―	―
May 08, 2025	2025 (Q3)	-0.82 / -0.72	-0.62	-16.13% (-0.10)	―
Jan 29, 2025	2025 (Q2)	-1.02 / -0.95	-0.55	-72.73% (-0.40)	―
Nov 06, 2024	2025 (Q1)	-1.00 / -0.91	-0.53	-71.70% (-0.38)	―
Aug 21, 2024	2024 (Q4)	-0.85 / -0.89	-0.42	-111.90% (-0.47)	―
May 01, 2024	2024 (Q3)	-0.63 / -0.62	-0.13	-376.92% (-0.49)	―
Jan 31, 2024	2024 (Q2)	-0.63 / -0.55	-0.11	-400.00% (-0.44)	―
Oct 30, 2023	2024 (Q1)	-0.67 / -0.53	-0.04	-1225.00% (-0.49)	―
Aug 16, 2023	2023 (Q4)	-0.20 / -0.42	-0.02	-2000.00% (-0.40)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WOLF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 25, 2025	$1.32	―	―
May 08, 2025	$4.43	$3.28	-25.96%
Jan 29, 2025	$6.00	$6.09	+1.50%
Nov 06, 2024	$13.71	$8.33	-39.24%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.