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Wolfspeed Inc (WOLF)
NYSE:WOLF
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-2.81Last Year’s EPS
-0.72Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced/Neutral. The call highlighted important strategic and operational progress — notably strong AI data center revenue growth, a major 300mm materials milestone, substantial liquidity improvements ($1.3B cash, $700M tax refund), early cost and CapEx reductions, and regulatory clearance — but the company still faces pronounced near-term financial and operational challenges including a negative 34% gross margin, negative adjusted EBITDA (-$82M), negative operating cash flow (-$43M), underutilization costs (~$48M), materials demand pressure, and a Q3 revenue decline guide. Management emphasized execution, cost discipline, and long-term opportunity while acknowledging ongoing risks around demand visibility and refinancing timing.Company Guidance
Strong AI Data Center Momentum
AI data center revenue doubled over the last three quarters with 50% quarter-over-quarter growth from Q1 to Q2, driven by traction in AI power, collaborations to support transition from 400V to 800V architectures, and multiple partner engagements.
Materials Technology Milestone — 300mm Wafer
Produced a single-crystal 300-millimeter silicon carbide wafer (important R&D/technology milestone) while continuing to scale 200mm materials leadership for power devices.
Improved Liquidity and Balance Sheet Actions
Ended Q2 with $1.3 billion in cash and short-term investments, collected ~$700 million in 48D cash tax refunds, reduced net debt to approximately $600 million, and used part of cash to retire $175 million of first-lien debt.
Revenue and Segment Results In Line with Guidance
Total Q2 revenue was $168 million (in line with the midpoint of prior guidance). Power revenue was $118 million (Mohawk Valley contributed ~ $75 million) and materials revenue was $50 million.
Operational and Cost Discipline
Completed shutdown of 150mm device production ~1 month ahead of schedule (transitioning to 200mm), reduced CapEx to $31 million in Q2 versus ~ $400 million in Q2 last year (≈92% YoY decline in CapEx for the quarter), and lowered non-GAAP operating expenses by ~$200 million on a run-rate basis versus last year.
Fresh-Start / Restructuring Benefits and Regulatory Clearance
Adopted fresh start accounting with a $1.1 billion gain from emergence (reflecting debt forgiveness), received final CFIUS clearance enabling release of ~16.85 million shares to Renesas and distribution of ~871,000 shares to legacy shareholders; shares outstanding now ~45.1 million.
Future P&L Tailwinds from Accounting Adjustments
Fresh-start fair value adjustments include a $70 million step-down related to raw materials that will be realized in P&L over upcoming quarters and an expected net reduction of ~ $30 million per quarter in depreciation and amortization vs. pre-emergence levels.
WOLF Earnings History
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 |
|---|---|---|---|
Feb 04, 2026 | $17.20 | ― | ― |
Oct 29, 2025 | $31.99 | $26.16 | -18.22% |
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.
FAQ
When does Wolfspeed Inc (WOLF) report earnings?
Wolfspeed Inc (WOLF) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Wolfspeed Inc (WOLF) earnings time?
Wolfspeed Inc (WOLF) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WOLF EPS forecast?
WOLF EPS forecast for the fiscal quarter 2026 (Q3) is -2.81.
