Wolfspeed Inc (WOLF)
NYSE:WOLF
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Earnings Data
Report Date
Aug 19, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
-2.45Last Year’s EPS
-0.77Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
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
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).
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 |
|---|---|---|---|
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.
FAQ
When does Wolfspeed Inc (WOLF) report earnings?
Wolfspeed Inc (WOLF) is schdueled to report earning on Aug 19, 2026, After Close (Confirmed).
What is Wolfspeed Inc (WOLF) earnings time?
Wolfspeed Inc (WOLF) earnings time is at Aug 19, 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 (Q4) is -2.45.
