What factors drove the changes in Wolfspeed's revenue and profit?

What were the key takeaways from Wolfspeed’s earnings call?

What guidance did Wolfspeed's management provide for the next earnings period?

What is Wolfspeed's gross profit margin?

What is the revenue and EPS growth rate for Wolfspeed year over year?

Did Wolfspeed beat or miss consensus estimates last quarter?

What is the market's earnings forecast for Wolfspeed next quarter?

What is Wolfspeed's latest dividend and current dividend yield?

- **AI Growth Driver**: 50% QoQ data center revenue growth, targeting 800V+ AI infrastructure. 
- **Financial Turnaround**: $1.3B cash, $600M net debt, $700M tax refund. 
- **Tech Milestone**: First 300mm SiC wafer produced, positioning for optical applications. 
- **EV Diversification**: 20%+ EVs by 2030, 800V platforms driving SiC adoption. 
- **Debt Action Plan**: $175M debt reduction, exploring $50-100M/year interest savings. 
- **Toyota Partnership**: Strengthens global automotive presence, 800V platform leadership. 


**【CEO Summary Section】**
- **Strategic Priorities**: Financial discipline, technology leadership, operational excellence. Shuttered 150mm fab 1 month early, transitioning to 200mm manufacturing. 
- **Revenue Growth**: AI data center revenue up 50% QoQ, driven by 800V+ platforms. New partnership with Toyota for onboard charging systems. 
- **Technology Leadership**: Produced first 300mm SiC wafer, positioning for emerging applications like AR/VR. 
- **Balance Sheet**: $1.3B cash, $600M net debt, $700M tax refund. 
- **Market Diversification**: Focusing on aerospace/defense, grid modernization, and materials beyond EVs. 

**【CFO Financial Commentary】**
- **Q2 Results**: $168M revenue (midpoint of guidance), negative 34% non-GAAP gross margin due to restructuring costs. 
- **Cost Savings**: $89M working capital improvement, $200M annualized OpEx reduction. 
- **Debt Management**: Reduced first lien debt by $175M, shares converted to save $25M/year in interest. 
- **Future Outlook**: Q3 revenue $140-160M (down due to Q1 pull-forward), gross margin to remain negative but improving. 

**【Q&A Highlights】**
- **AI Data Center Strategy**: Targeting solid-state transformers, UPS, and SSTs. 300mm wafer tech could enable optical applications. 
- **EV Market**: 20%+ EVs by end of decade, 800V platforms driving SiC adoption. 
- **Financial Restructuring**: Actively evaluating L1 debt refinancing, potential $50-100M/year savings. 
- **Siler City Fab**: Utilization dependent on AR/VR customer adoption, no timeline for 300mm device production. 
- **Customer Relationships**: Toyota partnership reflects global diversification, 800V platform leadership. 


Wolfspeed, Inc. (WOLF) Q2 2026 Earnings Call Transcript

- **Strategic Reset**: Post-restructuring, Wolfspeed focuses on profitability, 200mm silicon carbide leadership, and operational efficiency.
- **Q1 Financials**: $197M revenue, negative 26% non-GAAP gross margin due to restructuring costs.
- **Q2 Outlook**: $150-190M revenue (down 13-29% QoQ) due to last-time buys; fresh-start accounting begins Q2.
- **Gen 4 Technology**: Most advanced silicon carbide platform for high-voltage applications in AI, aerospace, and defense.
- **Operational Shift**: Closing Durham 150mm fab, consolidating production to 200mm Mohawk Valley Fab.

**【CEO Summary Section】**
- **Three Strategic Priorities**: Accelerating profitability, advancing technology leadership (Gen 4 platform, 200mm Mohawk Valley Fab), and operational excellence.
- **Market Focus**: Automotive (EVs), Industrial (data centers, renewable energy), Aerospace & Defense, leveraging 200mm silicon carbide devices.
- **Restructuring Progress**: Completed financial restructuring, $926M cash, closing Durham 150mm fab by end-2025, aligning production with demand.
- **Team & Culture**: New leadership team (CFO, COO, CMO) driving customer-centricity and performance culture.

**【CFO Financial Commentary】**
- **Q1 2026 Results**: Revenue $197M (flat QoQ), non-GAAP net loss $0.55/share, negative 26% gross margin (due to $29M inventory reserves, $47M underutilization costs).
- **Fresh-Start Accounting**: Q2 2026 adoption will reset financials; no direct comparisons to prior periods.
- **Q2 Outlook**: Revenue $150-190M (down 13-29% QoQ) due to last-time buys from Durham fab closure.
- **Cash & Inventory**: $926M cash, inventory down $50M QoQ; CapEx $104M (down $333M YoY).
- **Long-Term Plan**: Comprehensive strategy to be unveiled mid-2026 with financial/operational milestones.

Wolfspeed (WOLF)-29 Oct 25-2026 Q1 Earnings call transcript

- **Strategic Reorganization**: New leadership team focused on operational excellence and high-growth markets like AI and EVs.
- **Mohawk Valley Fab Performance**: $78M revenue (+50% QoQ), driving gross margin expansion.
- **Cash Flow Improvements**: $192M tax refunds received, with $600M more expected; targeting $200M free cash flow in FY2026.
- **Cost Efficiency**: 30% reduction in senior leadership, $200M annual savings from 150mm fab closures.

**【CEO Opening Remarks】**
- Emphasized Wolfspeed's leadership in silicon carbide (SiC) technology and commitment to re-accelerating revenue growth.
- Announced key leadership changes: new EVP/COO for operational excellence, Cengiz Balkas as CBO, and Angelo Cancian as Global SVP of Sales & Marketing.
- Highlighted focus on high-growth markets (AI data centers, EVs, aerospace) and the strategic advantage of the 200mm fully automated manufacturing platform.

**【Tom Werner - Financial & Operational Update】**
- Q3 FY2025 revenue: $185M (inline with guidance), Mohawk Valley fab contributed $78M (+50% QoQ).
- Secured $192M in Section 48D tax refunds, with an additional $600M expected in FY2026.
- Reduced senior leadership team by 30% and on track to close 150mm fabs by end of CY2025, targeting $200M annual cash savings.
- Projected non-GAAP EBITDA break-even at $800M and $200M positive free cash flow in FY2026.

**【Neill Reynolds - Financial Details】**
- Non-GAAP gross margin: 2.2% (inline with guidance), driven by Mohawk Valley contributions.
- Adjusted EPS: -$0.72 (above high end of guidance).
- Free cash flow: -$168M (including $26M capex).
- Restructuring charges: $400-450M for FY2025, with $57M incurred in Q3.
- Liquidity: $1.3B as of Q3 end, including $200M from equity offering and $192M tax refunds.

Wolfspeed (WOLF)-8 May 25-2025 Q3 Earnings call transcript

- **EV Growth Accelerating**: Q2 EV revenue up 92% YoY, Q3+ guided for 20-30% QoQ growth.
- **Mohawk Valley Momentum**: $52M Q2 → $55-75M Q3, 200mm wafer yields industry-leading.
- **Breakeven in Sight**: < $1B annualized revenue target post $200M cost-out savings.
- **Liquidity Strengthening**: $1.4B cash + $325M from 48D refunds and asset sales.
- **CHIPS Funding Progress**: $200M ATM completed, first grant tranche expected CY2025.
- **Fab Transition On Track**: Durham 150mm closure by end 2025, JP materials facility nearing COO.


**【CEO Executive Summary】**
- Fiscal Q2 2025 revenue: $181 million (down 7% sequentially), with EV revenue growing 92% YoY.
- Mohawk Valley Fab revenue: $52 million (Q2) → $55-75 million (Q3 guidance), driven by EV design wins.
- 200mm wafer production: Industry-leading yields, with Gen 4 MOSFET platform enabling higher efficiency and cost savings.
- Breakeven target: < $1 billion annualized revenue post cost-out initiatives.
- CapEx FY25: $1.2 billion (midpoint), with FY26 CapEx expected to drop significantly.
- CHIPS Act funding: $200M ATM completed, first tranche of $750M grant anticipated in CY2025.

**【CFO Financial Highlights】**
- Non-GAAP gross margin: 1.8% (Q2), improving sequentially as underutilization costs decline.
- OpEx: $108 million (Q2), down $23M YoY, with further reductions expected in FY2H.
- Free cash flow: -$598 million (Q2), improving in FY2H with cost-out measures and revenue linearity.
- Liquidity: $1.4B cash on hand, +$325M from 48D tax refunds and asset sales.
- Q3 2025 guidance: Revenue $170-200M, Non-GAAP EPS loss $0.88-0.76.

**【Q&A Key Takeaways】**
- EV demand: 20-30% QoQ growth in back half of FY2025, with 90%+ YoY growth continuing.
- I&E recovery: Channel inventory reduced, green shoots in AI/DC, renewables, and energy storage.
- 200mm wafer competition: Wolfspeed sole volume producer, sampling with key customers.
- Balance sheet: $2.5B funding package (CHIPS + Apollo), restructuring charges $400-450M FY25.
- Fab transition: Durham 150mm closure by end CY2025, Mohawk Valley utilization ramping.


Wolfspeed (WOLF)-29 Jan 25-2025 Q2 Earnings call transcript

Wolfspeed (WOLF)-6 Nov 24-2025 Q1 Earnings call transcript

Wolfspeed (WOLF)-21 Aug 24-2024 Q4 Earnings call transcript

Wolfspeed (WOLF)-1 May 24-2024 Q3 Earnings call transcript

Wolfspeed (WOLF)-31 Jan 24-2024 Q2 Earnings call transcript

Wolfspeed (WOLF)-30 Oct 23-2024 Q1 Earnings call transcript

Wolfspeed (WOLF)-16 Aug 23-2023 Q4 Earnings call transcript

Wolfspeed (WOLF)-26 Apr 23-2023 Q3 Earnings call transcript

Wolfspeed (WOLF)-25 Jan 23-2023 Q2 Earnings call transcript

Wolfspeed (WOLF)-27 Oct 22-2023 Q1 Earnings call transcript

Wolfspeed (WOLF)-17 Aug 22-2022 Q4 Earnings call transcript

Wolfspeed (WOLF)-5 May 22-2022 Q3 Earnings call transcript

Wolfspeed (WOLF)-27 Jan 22-2022 Q2 Earnings call transcript

Wolfspeed (WOLF)-28 Oct 21-2022 Q1 Earnings call transcript

Wolfspeed (WOLF)-18 Aug 21-2021 Q4 Earnings call transcript

Wolfspeed (WOLF)-29 Apr 21-2021 Q3 Earnings call transcript

Wolfspeed (WOLF)-28 Jan 21-2021 Q2 Earnings call transcript

Wolfspeed (WOLF)-29 Oct 20-2021 Q1 Earnings call transcript

Wolfspeed (WOLF)-19 Aug 20-2020 Q4 Earnings call transcript

Wolfspeed (WOLF)-30 Apr 20-2020 Q3 Earnings call transcript

Wolfspeed (WOLF)-29 Jan 20-2020 Q2 Earnings call transcript

Wolfspeed (WOLF)-30 Oct 19-2020 Q1 Earnings call transcript

Wolfspeed (WOLF)-20 Aug 19-2019 Q4 Earnings call transcript

Wolfspeed (WOLF)-1 May 19-2019 Q3 Earnings call transcript

Wolfspeed (WOLF)-30 Jan 19-2019 Q2 Earnings call transcript

Wolfspeed (WOLF)-16 Oct 18-2019 Q1 Earnings call transcript

Wolfspeed (WOLF)-14 Aug 18-2018 Q4 Earnings call transcript

Wolfspeed (WOLF)-24 Apr 18-2018 Q3 Earnings call transcript

Wolfspeed (WOLF)-23 Jan 18-2018 Q2 Earnings call transcript

Actual										-0.14	-0.18	-0.19	-0.24	-0.22	-0.23	-0.21	-0.16	-0.12	-0.02	-0.04	-0.11	-0.13	-0.42	-0.53	-0.55	-0.62	-0.89	-0.91	-0.95	-0.72	-0.77	-0.55	-6.11
Forecast										-0.1506	-0.1901	-0.2145	-0.2481	-0.226	-0.2443	-0.2413	-0.1844	-0.1368	-0.102	-0.0469	-0.1325	-0.1483	-0.2013	-0.67	-0.6287	-0.6345	-0.8545	-0.9976	-1.0224	-0.8183	-0.7033	-0.7133	-0.615
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+7.04%	+5.31%	+11.42%	+3.26%	+2.65%	+5.85%	+12.97%	+13.23%	+12.28%	+80.39%	+14.71%	+16.98%	+12.34%	-108.64%	+20.90%	+12.52%	+2.29%	-4.15%	+8.78%	+7.08%	+12.01%	-9.48%	+22.89%	-893.50%

WOLF

WOLF fundamentals

WOLF Q2 2026 Earnings

Earnings Call

You can ask Aime

WOLF

WOLF fundamentals

WOLF Q2 2026 Earnings

Earnings Call

WOLF Earnings Call Summary for Q2/20265:00 PM on Feb 4, 2026

WOLF Earnings Call Summary for Q1/20265:00 PM on Oct 29, 2025

WOLF Earnings Call Summary for Q4/20254:00 PM on Aug 25, 2025

WOLF Earnings Call Summary for Q3/20255:00 PM on May 8, 2025

WOLF Earnings Call Summary for Q2/20255:00 PM on Jan 29, 2025

You can ask Aime