Wolfspeed, Inc. (WOLF) Stock

Wolfspeed, Inc. (WOLF) is a Technology stock trading at $23.09 (as of 2026-07-24), with a market capitalization of $1.12B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Wolfspeed, Inc. manufactures silicon carbide and gallium nitride (GaN) materials, along with power and radio-frequency (RF) semiconductor devices. Its offerings include silicon carbide and GaN epitaxial products and devices such as power transistors, diodes, modules, and RF components used in communications, defense, and power applications like charging infrastructure and server power supplies.

Understand Wolfspeed, Inc.: how it makes money

Wolfspeed makes silicon carbide and gallium nitride (GaN) materials and related power and radio frequency semiconductor devices, earning revenue from selling power products and materials to customers whose adoption is reflected in design-ins and design wins.

Wolfspeed's profit model links customer adoption (tracked through design wins and design-ins) to revenue from power products and semiconductor materials, but current profitability is structurally constrained when revenue levels do not cover a cost structure that is already producing negative gross and operating margins.

Revenue by segment (latest quarter)
Power$0.1B
Materials$0.1B

Business quality (Weak): Demand signals (design wins, design-ins, and a large opportunity pipeline) exist, but the latest-quarter results show negative gross margin and deeply negative operating margin, so investors should focus on whether design-driven revenue growth can translate into sustainable profitability.

Bull case

  • Large stated demand pipeline: Opportunity Pipeline is listed at 40.0 USD_B, including Silicon Carbide Opportunity Pipeline of 35.0 USD_B.
  • Customer adoption signals: Design Wins (First-Year Revenue Equivalent) are listed at 0.8 USD_B, and Design-Ins are listed at 1.5 USD_B.

Bear case

  • Current earnings power is negative: Latest-quarter gross margin is -26.6% and operating margin is -76.1%, indicating costs are not being covered by gross profit.
  • Revenue is small versus the size implied by the pipeline: Revenue from continuing operations is about 0.2 USD_B, while the Opportunity Pipeline is 40.0 USD_B, so there is execution and timing risk in converting pipeline into revenue.
Valuation — source: SEC EDGAR (first-party)
Price$23.09
Market Cap$1.12B
Price / Book1.09
Price / Sales1.57
FCF Yield-44.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$757.60M
Net Margin-212.4%
Revenue Growth (YoY)-19.0%
EPS Growth (YoY)64.0%
FCF Growth (YoY)-87.3%
Financial Health — source: SEC EDGAR
Altman Z-Score-1.96 (distress)
Piotroski F-Score2/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Technology)34.6
Industry P/E (Electronic Equipment)41.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderRenesas Electronics America Inc. ($275.03M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEORobert A. Feurle
Employees5,013
CountryUS
IPO Date1993-02-08

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WOLF earnings history · WOLF institutional & insider holders · WOLF KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.