WOLFSPEED, INC.WOLFEarnings & Financial Report
Wolfspeed, Inc. is an American developer and manufacturer of wide-bandgap semiconductors, focused on silicon carbide materials and devices for power applications such as transportation, power supplies, power inverters, and wireless systems. The company was formerly named Cree, Inc.
WOLF Q2 FY2026 Key Financial Metrics
Revenue
$168.5M
Gross Profit
$-78.3M
Operating Profit
$-158.4M
Net Profit
$-150.6M
Gross Margin
-46.5%
Operating Margin
-94.0%
Net Margin
-89.4%
YoY Growth
-6.6%
EPS
$-5.78
WOLFSPEED, INC. Q2 FY2026 Financial Summary
WOLFSPEED, INC. reported revenue of $168.5M (down 6.6% YoY) for Q2 FY2026, with a net profit of $-150.6M (up 59.5% YoY) (-89.4% margin). Cost of goods sold was $246.8M, operating expenses totaled $80.1M.
Key Financial Metrics
| Total Revenue | $168.5M |
|---|---|
| Net Profit | $-150.6M |
| Gross Margin | -46.5% |
| Operating Margin | -94.0% |
| Report Period | Q2 FY2026 |
Revenue Breakdown
WOLFSPEED, INC. Q2 FY2026 revenue of $168.5M breaks down across 2 segments, led by Power Products at $118.3M (70.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Power Products | $118.3M | 70.2% |
| Materials Products | $50.2M | 29.8% |
WOLFSPEED, INC. Revenue by Segment — Quarterly Trend
WOLFSPEED, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Power Products and Materials Products) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Power Products | $118.3M | $131.8M | $118.6M | $107.5M |
| Materials Products | $50.2M | $65.0M | $78.4M | $77.9M |
WOLFSPEED, INC. Annual Revenue by Year
WOLFSPEED, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $757.6M).
WOLFSPEED, INC. Quarterly Revenue & Net Profit History
WOLFSPEED, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $168.5M | -6.6% | $-150.6M | -89.4% |
| Q1 FY2026 | $196.8M | +1.1% | $-643.6M | -327.0% |
| Q4 FY2025 | $197.0M | -1.8% | $-669.3M | -339.7% |
| Q3 FY2025 | $185.4M | -7.6% | $-285.5M | -154.0% |
| Q2 FY2025 | $180.5M | -13.4% | $-372.2M | -206.2% |
| Q1 FY2025 | $194.7M | -1.4% | $-282.2M | -144.9% |
| Q4 FY2024 | $200.7M | -1.0% | $-174.9M | -87.1% |
| Q3 FY2024 | $200.7M | +4.2% | $-148.9M | -74.2% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $200.7M | $200.7M | $194.7M | $180.5M | $185.4M | $197.0M | $196.8M | $168.5M |
| YoY Growth | 4.2% | -1.0% | -1.4% | -13.4% | -7.6% | -1.8% | 1.1% | -6.6% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.70B | $7.98B | $7.86B | $7.74B | $7.57B | $6.85B | $6.55B | $3.45B |
| Liabilities | $6.67B | $7.10B | $7.23B | $7.37B | $7.36B | $7.30B | $7.63B | $2.82B |
| Equity | $1.02B | $882.1M | $628.9M | $372.6M | $212.7M | $-447.1M | $-1.08B | $627.4M |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-136.2M | $-239.5M | $-132.0M | $-195.1M | $-142.1M | $-242.5M | $5.7M | $-42.6M |