Wolfspeed, Inc. (WOLF) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2026, Wolfspeed reported revenue of $665.1M, down 12.2% from $757.6M the year before. Net income was $4.4M (a 0.7% net margin). Gross margin was -34.9% and operating margin was -82.6%. Operating activities generated -$203.2M of cash, leaving -$380.1M of free cash flow. At fiscal year end, Wolfspeed held $3.00B in total assets against $2.07B in total liabilities, including $576.3M of cash and equivalents.
Open the full interactive Wolfspeed financials → Quarterly statements, key ratios, valuation history and price charts.
Wolfspeed Key Stats
| Share Price | $28.57 |
|---|---|
| Revenue YoY Growth | -12.2% |
| 52-Week Range | $14.80 – $73.50 |
| Shares Outstanding | 39.3 million (basic, 2026 Q3) |
Wolfspeed Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $525.6M | $746.2M | $921.9M | $807.2M | $757.6M | $665.1M |
| Cost of Goods Sold | $361.0M | $496.9M | $642.4M | $729.8M | $879.2M | $897.2M |
| Gross Profit | $164.6M | $249.3M | $279.5M | $77.4M | -$121.6M | -$232.1M |
| Operating Income | -$313.9M | -$247.8M | -$380.6M | -$445.3M | -$1.33B | -$549.4M |
| Pre-Tax Income | -$340.2M | -$286.1M | -$328.5M | -$572.5M | -$1.62B | $9.3M |
| Income Tax | $1.1M | $9.0M | $1.4M | $1.1M | -$9.7M | $4.9M |
| Net Income | -$523.9M | -$200.9M | -$329.9M | -$864.2M | -$1.61B | $4.4M |
| Diluted EPS | -$4.66 | -$1.67 | -$2.65 | -$6.88 | -$11.39 | — |
Wolfspeed Quarterly Results
| 2026 Q1 | 2026 Q2 | 2026 Q3 | 2026 Q4 | |
|---|---|---|---|---|
| Revenue | $196.8M | $168.5M | $150.2M | $149.6M |
| Net Income | -$643.6M | -$150.6M | -$119.9M | $918.5M |
| Diluted EPS | -$4.12 | -$5.78 | -$3.05 | — |
Wolfspeed Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $379.0M | $449.5M | $1.76B | $1.05B | $467.2M | $576.3M |
| Current Assets | $1.48B | $1.76B | $3.61B | $3.00B | $2.54B | $1.59B |
| Total Assets | $3.45B | $3.92B | $6.59B | $7.98B | $6.85B | $3.00B |
| Current Liabilities | $448.8M | $388.5M | $627.9M | $665.3M | $7.09B | $231.6M |
| Total Long-Term Debt | $823.9M | $1.02B | $4.18B | $6.16B | $13.08B | $1.69B |
| Total Liabilities | $1.33B | $1.48B | $4.96B | $7.10B | $7.30B | $2.07B |
| Shareholders' Equity | $2.12B | $2.44B | $1.62B | $882.1M | -$447.1M | $930.2M |
Wolfspeed Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$125.5M | -$154.2M | -$142.6M | -$725.6M | -$711.7M | -$203.2M |
| Cash From Investing | -$448.6M | -$391.0M | -$1.15B | -$1.94B | -$268.1M | $667.6M |
| Cash From Financing | $504.1M | $615.9M | $2.60B | $1.96B | $400.1M | -$355.5M |
| Free Cash Flow | -$696.0M | -$799.1M | -$1.10B | -$3.00B | -$1.98B | -$380.1M |
Figures from Wolfspeed's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Wolfspeed financials page for every line item.
Wolfspeed Company Profile
| Ticker | WOLF |
|---|---|
| Exchange | NYSE |
| Industry | Semiconductors & Related Devices |
| Headquarters | Durham, North Carolina |
| Incorporated in | Delaware |
| Fiscal Year End | June 29 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000895419 |
Frequently Asked Questions
What was Wolfspeed's revenue in fiscal 2026?
Wolfspeed (WOLF) reported revenue of $665.1M for fiscal 2026.
What is Wolfspeed's annual revenue history?
Wolfspeed's annual revenue by fiscal year: 2021: $525.6M; 2022: $746.2M; 2023: $921.9M; 2024: $807.2M; 2025: $757.6M; 2026: $665.1M.
What was Wolfspeed's net income in fiscal 2026?
Wolfspeed reported net income of $4.4M for fiscal 2026.
How much free cash flow did Wolfspeed generate in fiscal 2026?
Wolfspeed generated -$380.1M of free cash flow in fiscal 2026.
What was Wolfspeed's revenue last quarter?
In its most recent reported quarter (2026 Q4), Wolfspeed reported revenue of $149.6M.
How much debt does Wolfspeed have?
Wolfspeed reported $1.69B of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Wolfspeed are outstanding?
Wolfspeed reported a weighted average of 39.3 million basic shares outstanding in 2026 Q3.
When does Wolfspeed's fiscal year end?
Wolfspeed's fiscal year end, as registered with the SEC, is June 29.
Where is Wolfspeed headquartered?
Wolfspeed lists its business address in Durham, North Carolina in its SEC filings.