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Wolfspeed Inc (WOLF) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 19, 2026

After Close (Confirmed)

Period Ending

2026 (Q4)

Consensus EPS Forecast

-2.45

Last Year’s EPS

-0.77

Same Quarter Last Year

Analyst Consensus

Hold

Based on 1 Analysts Ratings

Earnings Call Summary

Q3 2026

Earnings Call Date:May 05, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call conveyed clear strategic and operational progress — including product launches (10kV MOSFET, TOLT), notable sequential AI/data center growth (~30% Q2→Q3), successful refinancing actions (≈$476M proceeds, ~43% reduction of first-lien balance, ~$62M expected annual interest savings) and a strong cash position (~$1.2B). However, results remain constrained by a materially negative gross margin (−20.6%), significant underutilization impact (~$46M), negative adjusted EBITDA (−$62M) and negative operating cash flow (−$84M). Management emphasized that margin expansion depends on improved factory utilization and that 300mm and some AI opportunities are longer-term. Given the balance of meaningful strategic/financial progress against continued operating losses and capital structure work still required, the overall tone is mixed but steady execution is evident.

Company Guidance

Wolfspeed guided Q4 FY26 revenue of $140–$160 million, said non‑GAAP gross margin is expected to remain negative and that operating expenses should be roughly flat quarter‑over‑quarter; this follows Q3 results of $150 million revenue (in line with the midpoint), power revenue of ~$100 million (≈90% from Mohawk Valley 200‑mm, ≈10% 150‑mm last‑time buys), materials revenue of ~$50 million (flat sequentially), Q3 non‑GAAP gross margin of -20.6% (double‑digit percentage‑point improvement QoQ) with underutilization impacting results by ~ $46 million, non‑GAAP OpEx of $61 million, adjusted EBITDA of -$62 million, operating cash flow of -$84 million, net CapEx of ~$5 million (gross $38 million offset by $33 million of NY incentives), and cash & short‑term investments of ~ $1.2 billion; management reiterated the longer‑term objective to return to above‑market revenue growth and achieve EBITDA and cash‑flow profitability and highlighted balance‑sheet actions that generated ~$476 million gross proceeds, reduced first‑lien debt by ~43% (≈$97 million principal), are expected to lower annual interest expense by ≈$62 million, and drove an equity increase of more than $400 million, with the first debt maturity in 2030.

Revenue in Line with Guidance

Total revenue of $150 million in Q3 FY2026, which was in line with the midpoint of company guidance.

Power and Materials Revenue Mix

Power revenue ~ $100 million (≈66.7% of total) with ~90% from Mohawk Valley 200mm device fab; Materials revenue ~ $50 million (≈33.3% of total) and flat sequentially.

Product and Technology Milestones

Launched the first commercially available 10-kilovolt silicon carbide power MOSFET and introduced the next-generation TOLT portfolio; progressed 200mm device production at Mohawk Valley and advanced 300mm materials development and qualification work.

Strong Sequential Growth in AI/Data Center

AI/data center applications showed approximately 30% sequential growth from Q2 to Q3 (and prior Q1-to-Q2 growth of ~50%), indicating accelerating traction though still a moderate portion of revenue.

Capital Structure Improvement via Refinancing

Completed private placements generating approximately $476 million gross proceeds and used proceeds to reduce existing senior secured note balance by ~43%, lowering total debt principal by about $97 million and expected to reduce annual interest expense by ~$62 million.

CFIUS Clearance and Equity Improvement

Received CFIUS clearance that released equity to Renesas and primarily drove a >$400 million increase in the company’s equity position during the quarter, significantly improving the debt-to-equity ratio.

Solid Liquidity Position

Ended the quarter with approximately $1.2 billion in cash and short-term investments, providing runway to pursue strategic priorities.

Operational Actions and Cost Discipline

Completed shutdown of 150mm device production at Durham ahead of schedule, shifted device production to Mohawk Valley 200mm, and executed headcount reductions with non-GAAP OpEx ~ $61 million and expected to remain roughly flat next quarter.

Low Net CapEx for the Quarter

Net capital expenditures of approximately $5 million in Q3 (gross CapEx ~$38 million offset by ~$33 million of New York State incentive receipts).

Wolfspeed Inc (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
Aug 19, 2026	2026 (Q4)	-2.45 / -	-0.77	―	―	―
May 05, 2026	2026 (Q3)	-3.78 / -3.26	-0.72	-352.78% (-2.54)
Feb 04, 2026	2026 (Q2)	-0.61 / -6.11	-0.95	-543.16% (-5.16)
Oct 29, 2025	2026 (Q1)	-0.71 / -0.55	-0.91	39.56% (+0.36)	―
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)	―	―

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 05, 2026	$36.63	$43.08	+17.61%
Feb 04, 2026	$17.20	$15.53	-9.71%
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.