Q4 2026 Aug 22, 2026

Wolfspeed's shares dropped 16.2% following the earnings release, reflecting investor disappointment primarily with cautious outlook commentary and implied margin pressures despite stable revenue execution.

Key takeaways

Q4 revenue of $150 million landed at the midpoint of guidance, offering limited upside.
Fiscal 2026 saw more than doubling of AI data center revenue year-over-year, with a 20% sequential increase from Q3 to Q4, highlighting segment momentum.
Management emphasized ongoing transformation and strategic investments but acknowledged the market remains in early stages, suggesting near-term uncertainties.
Technology leadership advanced with Gen 5 SiC MOSFET and 10-kilovolt MOSFET commercial readiness, yet these innovation milestones have yet to translate into enhanced market expectations.
Market reaction implies that optimism around new wins and product development is overshadowed by concerns on margins and a cautious outlook on the broader industry dynamics.

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.

Wolfspeed Inc. Common Stock Earnings Recaps

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