Wolfspeed Inc. Common Stock Earnings Recaps
Q3 2026
May 7, 2026
Wolfspeed’s shares jumped nearly 20% post-earnings, reflecting strong momentum in AI-related product growth and clear progress in advancing technology leadership and operational initiatives.
Key takeaways
- Revenue of $150 million came in at the midpoint of guidance, indicating stable top-line performance.
- AI data center applications grew approximately 30% sequentially, highlighting accelerating demand in a key end market.
- Introduced the industry’s first commercially available 10-kilovolt silicon carbide power MOSFET, expanding leadership in high-voltage applications.
- Completed planned shutdown of 150-millimeter device production, improving operational efficiency and preparing for 300-millimeter platform scale-up.
- Refinanced senior secured notes, showing proactive financial discipline and investor confidence in long-term growth prospects.
Q2 2026
Feb 5, 2026
Wolfspeed, Inc. demonstrated notable growth in Q2 Fiscal Year 2026, reporting a 50% quarter-over-quarter increase in AI data center revenue and strategic progress in key customer partnerships, despite a challenging demand environment.
Key takeaways
- Achieved significant 50% growth in AI data center revenue quarter-over-quarter.
- Completed shutdown of 150mm device production, transitioning fully to a more efficient 200mm manufacturing platform ahead of schedule.
- Strengthened balance sheet with net debt of approximately $600 million and $1.3 billion in cash, supported by substantial tax refunds.
- Formed a strategic partnership with Toyota for onboard charging systems in BEVs, enhancing connections with leading automotive OEMs.
- Focused on diversifying revenue across key verticals: automotive, industrial energy, aerospace, and materials, despite current macroeconomic headwinds.