The earnings call presented a mixed view, with notable achievements in revenue growth at Mohawk Valley and improvements in capital structure. However, challenges included negative free cash flow and ongoing debt negotiations. The strategic restructuring and focus on Silicon Carbide technology offer promising prospects.

Company Guidance -

Q4 2025

During Wolfspeed's third quarter fiscal 2025 earnings call, the company provided guidance emphasizing several key metrics and strategic developments. Wolfspeed reported third-quarter revenue of $185 million, achieving a 2.2% sequential increase, with Mohawk Valley contributing $78 million, marking a 50% sequential growth. The company highlighted its focus on enhancing financial performance, targeting an EBITDA break-even point of approximately $800 million annually and aspiring to achieve $200 million in positive unlevered operating cash flow by fiscal 2026. Wolfspeed also discussed its capital structure improvements, including receiving $192 million in cash tax refunds and planning to submit for a $600 million tax credit refund in fiscal year 2026. To further strengthen its financial position, the company aims to generate $150 million from non-core asset divestitures by calendar year 2025 and is engaged in lender negotiations to optimize its capital structure. Operationally, Wolfspeed is advancing its transition to a 200-millimeter silicon carbide production, closing its 150-millimeter facilities, and implementing cost-saving measures targeting $200 million in cash savings annually.

Mohawk Valley Revenue Growth

Mohawk Valley posted $78 million in revenue, showing a sequential growth of 50% and a year-over-year increase of over 175%.

Silicon Carbide Technology Leadership

Wolfspeed's silicon carbide technology is described as second to none, with a fully automated 200-millimeter manufacturing footprint established.

Capital Structure Improvements

Received approximately $192 million in cash tax refunds from the Section 48D Advanced Manufacturing Tax Credit, boosting liquidity.

Operational Restructuring

Significant cost-saving measures and a 30% reduction in senior leadership team to optimize operations and improve profitability.

Wolfspeed (WOLF) Earnings, Revenues Date & History

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WOLF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 26, 2025	2025 (Q4)	-0.70 / -	-0.89	―	―	―
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)	―
Apr 26, 2023	2023 (Q3)	-0.15 / -0.13	-0.12	-8.33% (-0.01)	―

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
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%
Aug 21, 2024	$13.51	$12.83	-5.03%

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.