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Wolfspeed
(NYSE:WOLF)
Wolfspeed (WOLF) vs. SPDR S&P 500 ETF (SPY)
Wolfspeed Business Overview & Revenue Model
Wolfspeed Earnings Call Summary
Wolfspeed Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 807.20M | 921.90M | 746.20M | 525.60M | 470.70M |
| Gross Profit | 77.40M | 279.50M | 249.30M | 164.60M | 158.50M |
| EBITDA | -145.20M | -71.60M | -131.20M | -173.90M | -73.60M |
| Net Income | -864.20M | -329.90M | -295.10M | -341.30M | -197.60M |
Balance Sheet | |||||
| Total Assets | 7.98B | 6.62B | 3.92B | 3.45B | 3.23B |
| Cash, Cash Equivalents and Short-Term Investments | 2.17B | 2.95B | 1.20B | 1.15B | 1.24B |
| Total Debt | 6.29B | 4.18B | 1.03B | 839.10M | 798.80M |
| Total Liabilities | 7.10B | 5.00B | 1.48B | 1.33B | 1.14B |
| Stockholders Equity | 882.10M | 1.62B | 2.44B | 2.12B | 2.08B |
Cash Flow | |||||
| Free Cash Flow | -3.01B | -1.10B | -804.80M | -701.90M | -263.30M |
| Operating Cash Flow | -725.60M | -142.60M | -154.20M | -125.50M | -29.00M |
| Investing Cash Flow | -1.94B | -1.15B | -391.00M | -448.60M | -486.90M |
| Financing Cash Flow | 1.96B | 2.60B | 615.90M | 504.10M | 464.30M |
Wolfspeed Technical Analysis
Wolfspeed Risk Analysis
Wolfspeed Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $34.26B | 5.42 | -11.67% | 1.85% | 5.30% | -18.55% | |
62 Neutral | $545.29M | ― | -2.51% | ― | 13.09% | 46.89% | |
61 Neutral | $949.94M | ― | -32.43% | ― | -7.09% | -53.23% | |
59 Neutral | $1.20B | ― | -26.43% | ― | -16.95% | -2.47% | |
58 Neutral | $491.42M | ― | -16.06% | ― | 7.90% | 74.69% | |
54 Neutral | $928.97M | ― | -24.12% | ― | 2.66% | -11.35% | |
41 Neutral | $241.22M | ― | -180.49% | ― | -9.62% | -30.36% |
Wolfspeed Corporate Events
On July 7, 2025, Wolfspeed announced the appointment of Gregor van Issum as Chief Financial Officer and Executive Vice President, effective September 1, 2025. Van Issum, with over 20 years of experience in transformational restructuring and strategic financing, will succeed Kevin Speirits, who served as interim CFO. This appointment is part of Wolfspeed’s strategy to enhance its leadership team as it aims for long-term growth and profitability in high-growth markets. Van Issum’s expertise in navigating dynamic business cycles and his background in mergers and acquisitions are expected to support Wolfspeed’s strategic focus on improving profitability and expanding its leadership in silicon carbide technologies.
The most recent analyst rating on (WOLF) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Wolfspeed stock, see the WOLF Stock Forecast page.
On June 30, 2025, Wolfspeed filed for Chapter 11 bankruptcy in the Southern District of Texas to implement a prepackaged reorganization plan. The company will operate as a debtor-in-possession, ensuring business continuity and payment to employees, vendors, and customers. The filing triggers defaults on several debt instruments, but creditor actions are stayed under court jurisdiction.
The most recent analyst rating on (WOLF) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Wolfspeed stock, see the WOLF Stock Forecast page.
On June 22, 2025, Wolfspeed announced a Restructuring Support Agreement with key lenders, including holders of senior secured notes, Renesas Electronics, and convertible debtholders. The agreement aims to reduce Wolfspeed’s debt by approximately 70% and annual cash interest payments by 60%, positioning the company for long-term growth and profitability. The restructuring involves a pre-packaged plan of reorganization under Chapter 11, expected to be completed by the end of the third quarter of 2025. Wolfspeed will continue its operations, serving customers and paying vendors as usual, with existing equity holders receiving a small percentage of new common equity.
The most recent analyst rating on (WOLF) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Wolfspeed stock, see the WOLF Stock Forecast page.
On May 28, 2025, Wolfspeed, Inc. announced the appointment of Kevin Speirits as Interim Chief Financial Officer, effective May 30, 2025, following the departure of Neill P. Reynolds. Speirits, who has been with the company since 2020, will receive additional compensation under a retention agreement, which includes milestone-based payments and severance benefits. This strategic move is part of Wolfspeed’s efforts to maintain financial stability and continuity during the transition period.
The most recent analyst rating on (WOLF) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Wolfspeed stock, see the WOLF Stock Forecast page.
On May 22, 2025, Wolfspeed appointed David Emerson, Ph.D., as Executive Vice President and Chief Operating Officer, effective no later than June 30, 2025. Dr. Emerson, who previously held various roles at Wolfspeed, including EVP of LED Products, will oversee operations, supply chain, and quality divisions, focusing on operational excellence and the company’s transition to 200-millimeter silicon carbide production. This strategic appointment aims to enhance Wolfspeed’s market position by reducing customer lead times and improving manufacturing efficiency. The company also announced its financial targets, including achieving positive cash flow by FY2026 and FY2027, as part of its operational restructuring and debt refinancing efforts.
The most recent analyst rating on (WOLF) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Wolfspeed stock, see the WOLF Stock Forecast page.
On May 8, 2025, Wolfspeed, Inc. announced the appointment of Mark Jensen and Paul Walsh to its Board of Directors, with both joining the Audit Committee. These appointments bring significant expertise in finance, accounting, and restructuring, crucial for Wolfspeed’s ongoing negotiations with lenders to improve its capital structure. The company also announced that Stacy J. Smith will not seek re-election and will leave the Board before the 2025 Annual Meeting. These changes are expected to strengthen Wolfspeed’s board as it navigates financial challenges and aims for long-term success.
On April 15, 2025, Wolfspeed, Inc. entered into a confidentiality agreement with a holder of its 1.75% convertible senior notes due 2026 to discuss potential transactions. However, the potential transaction was deemed not actionable, and the company decided not to pursue it further. As part of the agreement, Wolfspeed disclosed certain confidential information to the public. The release also included cautionary notes about the company’s financial projections, which were not prepared for public disclosure and should not be relied upon for investment decisions. The announcement highlights the company’s transparency in handling financial matters and its cautious approach to future projections amidst various economic and geopolitical uncertainties.
On May 1, 2025, Wolfspeed, Inc. adopted the 2025 Inducement Award Plan, reserving 2,000,000 shares of common stock for equity awards. This plan is designed to attract new talent and facilitate corporate acquisitions or mergers by offering stock options and other equity-based awards, aligning with the New York Stock Exchange’s Inducement Listing Rule.
Wolfspeed announced that Neill P. Reynolds will step down as Executive Vice President and Chief Financial Officer on May 30, 2025, following a mutual agreement to pursue another opportunity. Reynolds will remain with the company until his departure to ensure a smooth transition and assist in ongoing lender negotiations. The company has initiated a search for a new CFO and reaffirmed its fiscal third-quarter guidance for 2025, highlighting its commitment to strengthening its capital structure and balance sheet.