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Technology · Semiconductors · United States · Updated May 11, 3:13am
$46.60
Price
$2.1B
Market Cap
5,013
Employees
6.28
Beta
Robert A. Feurle
CEO
Business Description
Wolfspeed, Inc. provides silicon carbide and gallium nitride (GaN) materials, power devices, and radio frequency (RF) devices based on wide bandgap semiconductor materials and silicon. The company's silicon carbide and GaN materials comprise silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers. It offers silicon carbide materials for customers to manufacture products for RF, power, and other applications. The company's power devices include silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for customers and distributors to use in applications, such as electric vehicles comprising charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. Its RF devices comprise GaN-based die, high-electron mobility transistors, monolithic microwave integrated circuits, and laterally diffused MOSFET power transistors for telecommunications infrastructure, military, and other commercial applications. The company's products are also used in transportation, fast charging, wireless systems, 5G, motor drives, renewable energy and storage, and aerospace and defense applications; and materials products and RF devices are used in military communications, radar, satellite, and telecommunication applications. It serves customers in North America, Asia, and Europe. The company was formerly known as Cree, Inc. and changed its name to Wolfspeed, Inc. in October 2021. Wolfspeed, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-1.36
Stock Price: $46.60
EPS (Diluted): -34.17
EPS (Diluted): -34.17
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
-2.33
Stock Price: $46.60
Total Equity: -$447.10M
Shares: 47,200,880
Total Equity: -$447.10M
Shares: 47,200,880
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-2.89
Market Cap: $2.10B
Total Debt: $6.54B
Cash: $467.20M
EBITDA: -$1.05B
Total Debt: $6.54B
Cash: $467.20M
EBITDA: -$1.05B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$7.1B
Market Cap: $2.10B
Total Debt: $6.54B
Cash: $467.20M
Total Debt: $6.54B
Cash: $467.20M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
-16.1%
Gross Profit: -$121.60M
Revenue: $757.60M
Revenue: $757.60M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-175.4%
Operating Income: -$1.33B
Revenue: $757.60M
Revenue: $757.60M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-212.4%
Net Income: -$1.61B
Revenue: $757.60M
Revenue: $757.60M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-5,208.6%
Net Income: -$1.61B
Total Equity: -$447.10M
Total Equity: -$447.10M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-34.4%
Operating Income: -$1.33B
Tax Rate: 0.6%
Equity: -$447.10M
Total Debt: $6.54B
Cash: $467.20M
Tax Rate: 0.6%
Equity: -$447.10M
Total Debt: $6.54B
Cash: $467.20M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.36
Current Assets: $2.54B
Current Liabilities: $7.09B
Current Liabilities: $7.09B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
-14.62
Short-Term Debt: $6.54B
Long-Term Debt: $0.00
Total Debt: $6.54B
Total Equity: -$447.10M
Long-Term Debt: $0.00
Total Debt: $6.54B
Total Equity: -$447.10M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$16.05
Revenue: $757.60M
Shares: 47,200,880
Shares: 47,200,880
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$-9.47
Total Equity: -$447.10M
Shares: 47,200,880
Shares: 47,200,880
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-42.13
Operating CF: -$711.70M
CapEx: -$1.28B
Shares: 47,200,880
CapEx: -$1.28B
Shares: 47,200,880
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $46.60
Stock Price: $46.60
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$1.61B
Net Income: -$1.61B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares WOLF against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $525.6M | $572.1M | $758.5M | $807.2M | $757.6M |
| Cost of Revenue | $375.5M | $364.0M | $515.6M | $729.8M | $879.2M |
| Gross Profit | $150.1M | $208.1M | $242.9M | $77.4M | -$121.6M |
| Operating Expenses | $362.2M | $411.2M | $554.7M | $522.7M | $1.2B |
| Operating Income | -$212.1M | -$203.1M | -$311.8M | -$445.3M | -$1.3B |
| Net Income | -$523.9M | -$200.9M | -$329.9M | -$864.2M | -$1.6B |
| EBITDA | -$91.2M | -$105.3M | -$71.6M | -$145.2M | -$1.1B |
| EPS | $-13.98 | $-5.01 | $-7.95 | $-20.64 | $-34.17 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $379.0M | $449.5M | $1.8B | $1.0B | $467.2M |
| Total Current Assets | $1.5B | $1.8B | $3.6B | $3.0B | $2.5B |
| Total Assets | $3.4B | $3.9B | $6.6B | $8.0B | $6.9B |
| Current Liabilities | $448.8M | $388.5M | $627.9M | $665.3M | $7.1B |
| Long-Term Debt | $831.4M | $1.0B | $4.2B | $6.2B | $0 |
| Total Liabilities | $1.3B | $1.5B | $5.0B | $7.1B | $7.3B |
| Total Equity | $2.1B | $2.4B | $1.6B | $882.1M | -$447.1M |
| Retained Earnings | -$1.6B | -$1.8B | -$2.1B | -$2.9B | -$4.5B |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$125.5M | -$154.2M | -$142.6M | -$725.6M | -$711.7M |
| Capital Expenditure | -$570.5M | -$641.6M | -$954.5M | -$2.3B | -$1.3B |
| Free Cash Flow | -$696.0M | -$795.8M | -$1.1B | -$3.0B | -$2.0B |
| Acquisitions (net) | $46.0M | $125.0M | $101.8M | $75.6M | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$69.8M | $70.5M | $1.3B | -$711.1M | -$578.7M |
Analyst Estimates (Annual)
| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$665.5M $606.0M – $725.0M
|
$654.9M $596.4M – $713.4M
|
$819.0M $745.8M – $892.2M
|
$1.5B $1.3B – $1.6B
|
| EBITDA |
-$217.2M -$236.6M – -$197.8M
|
-$213.7M -$232.8M – -$194.6M
|
-$267.3M -$291.2M – -$243.4M
|
-$473.2M -$515.5M – -$431.0M
|
| Net Income |
-$583.9M -$651.7M – -$516.1M
|
-$401.2M -$447.8M – -$354.6M
|
-$348.8M -$389.3M – -$308.3M
|
$0 |
| EPS | — | — | — | — |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +8.8% | +32.6% | +6.4% | -6.1% |
| Gross Profit Growth | +38.6% | +16.7% | -68.1% | -257.1% |
| Operating Income Growth | +4.2% | -53.5% | -42.8% | -198.5% |
| Net Income Growth | +61.7% | -64.2% | -162.0% | -86.2% |
| EBITDA Growth | -15.5% | +32.0% | -102.8% | -624.2% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-01 | Feurle Robert A. | F-InKind | 29,307.00 | $36.76 | $1.1M |
| 2026-02-02 | Bolisay Aris | 0.00 | $0.00 | $0 | |
| 2025-12-17 | ABATE ANTHONY | A-Award | 31,732.00 | $0.00 | $0 |
| 2025-12-17 | Bokan Michael W | A-Award | 31,732.00 | $0.00 | $0 |
| 2025-12-17 | HOU HONG Q | A-Award | 31,732.00 | $0.00 | $0 |
| 2025-12-17 | Jensen Mark Edwin | A-Award | 31,732.00 | $0.00 | $0 |
| 2025-12-17 | Musser Eric S | A-Award | 31,732.00 | $0.00 | $0 |
| 2025-12-17 | Walsh Paul V Jr | A-Award | 31,732.00 | $0.00 | $0 |
| 2025-12-08 | van Issum Gregor | A-Award | 172,263.00 | $0.00 | $0 |
| 2025-12-08 | Feurle Robert A. | A-Award | 317,327.00 | $0.00 | $0 |
| 2025-12-08 | Emerson David Todd | A-Award | 126,931.00 | $0.00 | $0 |
| 2025-10-31 | CITIGROUP INC | P-Purchase | 53,530.00 | $27.46 | $1.5M |
| 2025-10-31 | CITIGROUP INC | P-Purchase | 24,773.00 | $26.67 | $660,696 |
| 2025-10-30 | CITIGROUP INC | P-Purchase | 116,002.00 | $26.12 | $3.0M |
| 2025-10-31 | CITIGROUP INC | S-Sale | 194,423.00 | $26.18 | $5.1M |
| 2025-10-30 | CITIGROUP INC | J-Other | 1.00 | $26.12 | $26 |
| 2025-10-30 | CITIGROUP INC | 0.00 | $0.00 | $0 | |
| 2025-09-29 | CITIGROUP INC | 20,928.00 | $12.23 | $255,998 | |
| 2025-10-30 | CITIGROUP INC | 2,175.00 | $5.00 | $10,875 | |
| 2025-10-13 | CITIGROUP INC | 139,152.00 | $32.18 | $4.5M |
Dividend History (Last 20)
| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2021-09-24 | $0.00 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27