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.
IPO Year: 2025
Exchange: NYSE
Website: wolfspeed.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/9/2025 | Neutral → Underweight | Analyst | |
| 10/3/2024 | $17.00 → $8.00 | Neutral → Underperform | Mizuho |
| 8/22/2024 | $48.00 → $28.00 | Buy | Goldman |
| 8/22/2024 | $25.00 → $15.00 | Hold | TD Cowen |
| 8/7/2024 | $18.00 | Buy → Neutral | New Street |
| 5/2/2024 | $40.00 → $25.00 | Buy → Hold | TD Cowen |
| 5/2/2024 | Outperform → Mkt Perform | William Blair | |
| 4/5/2024 | $30.00 | Neutral | Mizuho |
| 4/3/2024 | $55.00 → $30.00 | Overweight → Equal Weight | Wells Fargo |
| 5/18/2023 | $46.00 | Hold | Jefferies |
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Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Analyst downgraded Wolfspeed from Neutral to Underweight
Mizuho downgraded Wolfspeed from Neutral to Underperform and set a new price target of $8.00 from $17.00 previously
Goldman reiterated coverage of Wolfspeed with a rating of Buy and set a new price target of $28.00 from $48.00 previously
TD Cowen reiterated coverage of Wolfspeed with a rating of Hold and set a new price target of $15.00 from $25.00 previously
New Street downgraded Wolfspeed from Buy to Neutral and set a new price target of $18.00
TD Cowen downgraded Wolfspeed from Buy to Hold and set a new price target of $25.00 from $40.00 previously
William Blair downgraded Wolfspeed from Outperform to Mkt Perform
Mizuho initiated coverage of Wolfspeed with a rating of Neutral and set a new price target of $30.00
Wells Fargo downgraded Wolfspeed from Overweight to Equal Weight and set a new price target of $30.00 from $55.00 previously
Jefferies initiated coverage of Wolfspeed with a rating of Hold and set a new price target of $46.00
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - WOLFSPEED, INC. (0000895419) (Issuer)
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4 - WOLFSPEED, INC. (0000895419) (Issuer)
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Pursuant to the Company's focus on strengthening its capital structure, the Company is raising capital from new and existing investors, with the proceeds intended to reduce highest cash cost debt, lower annual interest expense, and reduce total debt Gross proceeds from the Private Placements to redeem approximately $475.9 million of the outstanding Senior Notes Issues approximately $60.0 million of new shares of common stock at a 10.0% premium over the closing price on March 18, 2026 Efforts to strengthen the balance sheet support initiatives to diversify key end markets and capture opportunities in emerging high-voltage applications including AI data centers, industrial and energ
Wolfspeed is pleased to announce the appointment of Daihui Yu as regional president for Greater China, effective March 16, 2026. In this key leadership position, Yu will oversee the expansion of the company's business across mainland China, Hong Kong and Taiwan, utilizing his substantial expertise to drive sales growth and strengthen our brand presence in the region. Yu holds a degree in electrical engineering from Wuhan University of Technology and an MBA from Tsinghua University. Prior to joining Wolfspeed, Yu served more than 12 years with Infineon Technologies as senior vice president and head of infrastructure and industry business for Greater China, managing regional sales and mar
Patent-pending innovations deliver scalable materials building blocks for advanced AI and high-performance computing packaging solutions Wolfspeed, Inc. (NYSE:WOLF), a global leader in silicon carbide technology, today announced that its 300mm silicon carbide (SiC) technology platform could serve as a foundational materials enabler for advanced AI and high‑performance computing (HPC) heterogeneous packaging by the end of this decade. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260310765917/en/FIGURE 1. Conceptual demonstration of a large 100mm x 100mm interposer substrate enabled by Wolfspeed® 300mm SiC wafer. "As AI worklo
Revolutionary 10 kV SiC Technology Delivers Game-Changing Solution for Grid Modernization, Industrial Electrification and AI Data Center Infrastructure Wolfspeed, Inc., a global leader in silicon carbide (SiC) technology, today announced the industry's first commercially available 10 kV SiC power MOSFET. This milestone marks a defining moment in the industry — unlocking architectural freedom, delivering unprecedented system durability, and advancing access to reliable and sustainable power for the world's most demanding applications. This groundbreaking advancement challenges conventions in power conversion technology, delivering a transformative solution to modernize the grid and critica
Wolfspeed, Inc. (NYSE:WOLF), a global leader in silicon carbide technology and manufacturing, today announced the appointment of Stefan Steyerl as vice president of sales, EMEA. Effective March 1, 2026, Steyerl will develop and execute Wolfspeed's regional sales strategy, driving adoption of silicon carbide solutions across automotive, industrial, and energy markets as Wolfspeed accelerates the adoption of silicon carbide technology to expand its market footprint and deliver revenue growth across the region. Steyerl brings more than 25 years of experience in the semiconductor industry, with a proven track record of building high-performance teams and achieving revenue growth across global
By unifying factory, supply chain and enterprise data on Snowflake's AI Data Cloud, Wolfspeed is improving manufacturing efficiency, quality and workforce training at scale. Wolfspeed, a global leader in silicon carbide technology, is expanding its use of Snowflake to accelerate manufacturing efficiency and operational excellence as it scales production to meet growing market demand. After bringing together factory, supply chain, and enterprise data on a single, governed platform, Wolfspeed is now deploying AI across its operations to improve cost, quality, speed, and workforce readiness. This marks a major step in Wolfspeed's vision to operate as a fully AI-integrated manufacturing enter
AI Datacenter Revenue up 50% QoQ $200 Million Annualized Operating Expense Reduction Compared to Q2 FY 2025 Capital Expenditures Down by 90% Year over Year Strong Balance Sheet Ending with $1.3 Billion in Cash, Cash Equivalents and Short-term Investments Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the second quarter of fiscal 2026. Business Highlights Received approximately $700 million in Section 48D cash tax refunds and applied $175 million of the proceeds, net of make-whole premiums, toward the retirement of long-term debt. $1.3 billion of cash, cash equivalents and short term investments as of December 28, 2025. Working capital improvements (excluding l
Final 2.0% Equity Recovery Shares to be Released to Pre-Petition Shareholders Following Regulatory Clearance Renesas Executive to Join Wolfspeed Board of Directors as Part of Restructuring Agreement Wolfspeed, Inc., a global leader in silicon carbide technology and production (the "Company" or "Wolfspeed"), today announced that the Committee on Foreign Investment in the United States ("CFIUS") has formally cleared the Company's issuance of equity to Renesas Electronics America Inc. ("Renesas"), completing a key component of Wolfspeed's previously announced restructuring agreement with its lender group in support of its Chapter 11 process. "CFIUS clearance represents the final mileston
New TOLT (TO-Leaded, Top-Side Cooled) package, built on Wolfspeed's Gen 4 MOSFET technology, enables higher power density and thermal performance for next-generation AI datacenters. Purpose-designed to meet the rapidly increasing power and cooling demands for AI and hyperscale datacenters, TOLT unlocks more efficient, scalable, and compact system architectures. TOLT joins the previously released U2 portfolio as the second of three Wolfspeed top-side cooled package families, aimed at one of the fastest-growing industry segments. Backed by Wolfspeed's U.S.-based silicon carbide wafer manufacturing the TOLT solution provides customers with supply chain resilience and performance c
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its second quarter results on Wednesday, February 4, 2026, at 5:00 pm Eastern Standard Time. The call will be hosted by Robert Feurle, chief executive officer, and Gregor van Issum, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE:WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world's most disruptive innovations. As
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AI Datacenter Revenue up 50% QoQ $200 Million Annualized Operating Expense Reduction Compared to Q2 FY 2025 Capital Expenditures Down by 90% Year over Year Strong Balance Sheet Ending with $1.3 Billion in Cash, Cash Equivalents and Short-term Investments Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the second quarter of fiscal 2026. Business Highlights Received approximately $700 million in Section 48D cash tax refunds and applied $175 million of the proceeds, net of make-whole premiums, toward the retirement of long-term debt. $1.3 billion of cash, cash equivalents and short term investments as of December 28, 2025. Working capital improvements (excluding l
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its second quarter results on Wednesday, February 4, 2026, at 5:00 pm Eastern Standard Time. The call will be hosted by Robert Feurle, chief executive officer, and Gregor van Issum, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE:WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world's most disruptive innovations. As
Delivered Strong Quarterly Results While Navigating Emergence from Chapter 11 Focusing the Company on Product Innovation and Technology Leadership in High-Growth Verticals Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the first quarter of fiscal 2026. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the first quarter of fiscal 2025.) Consolidated revenue of approximately $197 million, compared to $195 million Mohawk Valley Fab contributed $97 million in revenue, compared to $49 million GAAP gross margin of (39)%, compared to (19)% Non-GAAP gross margin of (26)%, compared to 3% GAAP and non-GAAP gross margin includes the i
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fiscal 2026 first quarter results on Wednesday, October 29, 2025, at 5:00 pm Eastern Standard Time. The call will be hosted by Robert Feurle, chief executive officer, and Gregor van Issum, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE:WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world's most disruptive innov
Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the fourth quarter of fiscal 2025 and the full fiscal year. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the fourth quarter of fiscal 2024.) Consolidated revenue of approximately $197 million, compared to $201 million Mohawk Valley Fab contributed $94.1 million in revenue, compared to $41 million GAAP gross margin of (13)%, compared to 1% Non-GAAP gross margin of (1)%, compared to 5% GAAP and non-GAAP gross margin includes the impacts of underutilization costs primarily in connection with the start of production at the Mohawk Valley Fab. Underutilization was $23.6 million as c
Renesas Electronics Corporation (TSE: 6723, "Renesas"), a premier supplier of advanced semiconductor solutions, today announced the finalized amount of the loss, previously disclosed as an estimate in the announcement titled "Renesas Announces Expected Loss Resulting from Signing Restructuring Support Agreement with Wolfspeed" on June 23, 2025. 1. Recording of Loss Renesas previously announced that there was a possibility of recording a loss of approximately 250 billion yen (converted at an average exchange rate of 150 yen to the dollar during the period) on the deposited receivables related to a deposit provided to Wolfspeed, Inc. (NYSE:WOLF, "Wolfspeed")) in its consolidated financial
Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the third quarter of fiscal 2025. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the third quarter of fiscal 2024.) Consolidated revenue of $185 million, as compared to $201 million Mohawk Valley Fab contributed $78 million in revenue, as compared to $28 million GAAP gross margin of (12)%, compared to 11% Non-GAAP gross margin of 2%, compared to 15% GAAP and non-GAAP gross margin includes the impacts of underutilization costs primarily in connection with the start of production at the Mohawk Valley Fab. Underutilization was $26.3 million as compared to $30.4 million. GAAP loss pe
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its third quarter results on Thursday, May 8, 2025, at 5:00 pm Eastern Standard Time. The call will be hosted by Thomas Werner, chairman of the board, Robert Feurle, chief executive officer, and Neill Reynolds, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE:WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world's most d
Taking Aggressive Steps to Accelerate Profitability and Strengthen the Balance Sheet Maintain Confidence in $2.5+ Billion of Liquidity via CHIPS, Lenders, 48D Tax Credits 200mm Greenfield Footprint Yielding High-Quality Materials and Devices Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the second quarter of fiscal 2025. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the second quarter of fiscal 2024.) Consolidated revenue of $181 million, as compared to $208 million Mohawk Valley Fab contributed $52 million in revenue, as compared to $12 million GAAP gross margin of (21)%, compared to 13% Non-GAAP gross margin of 2%, c
Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its second quarter results on Wednesday, January 29, 2025, at 5:00 pm Eastern Standard Time. The call will be hosted by Thomas Werner, executive chairman, and Neill Reynolds, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at https://investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE:WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world's most disruptive innovations. As the pio
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Live Leadership Updates
Wolfspeed is pleased to announce the appointment of Daihui Yu as regional president for Greater China, effective March 16, 2026. In this key leadership position, Yu will oversee the expansion of the company's business across mainland China, Hong Kong and Taiwan, utilizing his substantial expertise to drive sales growth and strengthen our brand presence in the region. Yu holds a degree in electrical engineering from Wuhan University of Technology and an MBA from Tsinghua University. Prior to joining Wolfspeed, Yu served more than 12 years with Infineon Technologies as senior vice president and head of infrastructure and industry business for Greater China, managing regional sales and mar
Wolfspeed, Inc. (NYSE:WOLF), a global leader in silicon carbide technology and manufacturing, today announced the appointment of Stefan Steyerl as vice president of sales, EMEA. Effective March 1, 2026, Steyerl will develop and execute Wolfspeed's regional sales strategy, driving adoption of silicon carbide solutions across automotive, industrial, and energy markets as Wolfspeed accelerates the adoption of silicon carbide technology to expand its market footprint and deliver revenue growth across the region. Steyerl brings more than 25 years of experience in the semiconductor industry, with a proven track record of building high-performance teams and achieving revenue growth across global
Final 2.0% Equity Recovery Shares to be Released to Pre-Petition Shareholders Following Regulatory Clearance Renesas Executive to Join Wolfspeed Board of Directors as Part of Restructuring Agreement Wolfspeed, Inc., a global leader in silicon carbide technology and production (the "Company" or "Wolfspeed"), today announced that the Committee on Foreign Investment in the United States ("CFIUS") has formally cleared the Company's issuance of equity to Renesas Electronics America Inc. ("Renesas"), completing a key component of Wolfspeed's previously announced restructuring agreement with its lender group in support of its Chapter 11 process. "CFIUS clearance represents the final mileston
High-impact appointment underscores Wolfspeed's ability to attract world-class talent and advance its leadership in the next generation of silicon carbide devices Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, today announced the appointment of Matthias Buchner as Senior Vice President of Global Sales and Chief Marketing Officer, effective December 1, 2025. Buchner will report directly to Chief Executive Officer Robert Feurle. In this new role, Buchner will lead Wolfspeed's global sales and marketing organizations with a focus on leveraging the Company's next-generation silicon carbide (SiC) devices, produced on its vertically integrated 200 mm manufacturi
New Board Appointments Have Strong Track Record of Operational Performance and High-Tech Expertise Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technologies, today announced that in connection with its emergence from the Chapter 11 process, it has appointed Anthony M. Abate, Mike Bokan, Eric Musser, Hong Q. Hou, and, pending certain regulatory approvals, Aris Bolisay, to its Board of Directors (the "Board"). Anthony M. Abate will succeed Tom Werner as Chairman of the Board. The new Board members will join current Board members, Mark Jensen and Paul Walsh, who will continue in their roles as directors. "We are pleased to welcome these new members to our Board. They br
Former onsemi leader brings a wealth of experience in the rapidly expanding electric vehicle market Appointment marks another milestone in Wolfspeed's leadership transformation and expansion in key markets Wolfspeed, Inc. (NYSE:WOLF) today announced the appointment of Bret Zahn as Vice President and General Manager of their Automotive business as the company continues to enhance its leadership team amid its strategic expansion in high-growth markets. This appointment reflects Wolfspeed's continued commitment to enabling the next generation of electric vehicles (EVs) through cutting-edge silicon carbide (SiC) solutions. Zahn will report to Chief Business Officer Cengiz Balkas, and will b
Former NXP Semiconductors and ams-OSRAM Leader Has Over 20 Years of Experience Navigating Dynamic Business Cycles Appointment Bolsters Wolfspeed's Leadership as It Drives Toward Profitability and Expands in High-Growth Markets Wolfspeed, Inc. (NYSE:WOLF) ("Wolfspeed" or the "Company") today announced the appointment of Gregor van Issum as Chief Financial Officer (CFO), effective September 1, 2025, following a comprehensive review of internal and external candidates. Van Issum succeeds Kevin Speirits, who is serving as Interim Chief Financial Officer and will remain with Wolfspeed to support the Company and ensure a smooth transition. He will be relocating to North Carolina and be based
NEW YORK, June 25, 2025 /PRNewswire/ -- Ralliant Corp. (NYSE:RAL) will replace Wolfspeed Corp. (NYSE:WOLF) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 1. S&P 500 constituent Fortive Corp. (NYSE:FTV) is spinning off Ralliant in a transaction expected to be completed on June 30. Fortive will remain in the S&P 500 post spin-off. Wolfspeed announced its intention to file for bankruptcy on or before July 1 and is therefore no longer eligible for continued inclusion in the S&P SmallCap 600. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker
Emerson Will Oversee All Aspects of Operations, Supply Chain, and Quality Brings a Proven Track Record of Driving Operational Transformations Appointment Advances Wolfspeed's Strategic Priorities and Transition to Pure-Play 200-Millimeter Production Wolfspeed, Inc. (NYSE:WOLF) ("Wolfspeed" or the "Company") today announced that David Emerson, Ph.D. has been appointed Executive Vice President and Chief Operating Officer, a newly created role responsible for overseeing operational excellence across the Company's 200-millimeter facility footprint, reducing customer lead times, and manufacturing leading silicon carbide solutions for Wolfspeed's customers. Dr. Emerson will be responsible for
Feurle Takes the Helm at Global Silicon Carbide Leader on May 1, 2025, to Drive Operational Excellence and Accelerate Profitability Proven Executive has Led Large, High-Stakes Business Units for Multiple High Profile Semiconductor Companies Appointment Advances Wolfspeed's Strategic Vision and Long-Term Value Creation Wolfspeed, Inc. (NYSE:WOLF), the global leader in silicon carbide technology, today announced the appointment of Robert Feurle as Chief Executive Officer (CEO), effective May 1, 2025, following a comprehensive internal and external search by the Board of Directors. Feurle succeeds Thomas Werner, who is serving as interim Executive Chairman and will return as Chairman of the