WOLF
Wolfspeed, Inc.

Wolfspeed, Inc.WOLF

Technology · Semiconductors
23.22USD
-10.38%
Oct 17, 2026
WOLF overview ready
Vertically Integrated Silicon Carbide Power Semiconductors for AI Data Centers
Wolfspeed is a vertically integrated silicon-carbide materials and power-semiconductor producer, supplying SiC substrates, power devices, power die, and modules for high-voltage/high-efficiency power conversion.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through Data Center Power and Thermal Management — component supplier.
Price trend is broken
Longer-term context reads new trend, with a near-term setup of pullback recovery.
The tactical setup reads pullback recovery, but the weekly structure is broken.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Negative operating margins and profitability challenges.
Market Oct 16Filing Jun 28Price action Aug 9

Conviction Level

Theme Heat has no canonical measurement for this company — a research-profile dimension, not an input to this score.

NarrativeHeat—ThemeHeat—PriceAction1.4Valuation3.5CompanyPosition7.3BusinessQuality1.1
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads new trend, with a near-term setup of pullback recovery.
The tactical setup reads pullback recovery, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$1.2B
Avg Volume (60D)
3.9M
60 sessions
Revenue Growth YoY
-6.1%
FY2025 vs FY2024
Gross Margin
-34.9%
Trailing twelve months
Operating Margin
-82.6%
Trailing twelve months
Free Cash Flow Yield
+20.1%
Next Earnings
2026-11-04
P/E
N/M
EV / Sales
2.8x
Market metrics as of Oct 16, 2026
Financial results for the period ended Jun 28, 2026
Filed balance-sheet data as of Jun 28, 2026

Fundamentals & Valuation

0 of the one valuation perspectives say fair; intrinsic is the dissenting view.
Wolfspeed, Inc. has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced. It trades at 2.8x revenue, broadly in line with what the business currently supports.

What changed

  • WOLF fell 10.4% in one session
    WOLF closed -10.4% while the broad market was close to flat (-1.1%).
    2026-10-16
  • WOLF fell 14.0% in one session
    WOLF closed -14.0% while the broad market was close to flat (-1.1%).
    2026-10-14
  • WOLF fell 8.4% in one session
    WOLF closed -8.4% while the broad market was close to flat (-0.1%).
    2026-10-12
  • WOLFSPEED, INC. — 8-K (items 7.01, 8.01, 9.01)
    Reported on 8-K, dated 2026-10-07.
    2026-10-08 · source

Company Research

Thesis
Wolfspeed is a vertically integrated silicon-carbide materials and power-semiconductor producer, supplying SiC substrates, power devices, power die, and modules for high-voltage/high-efficiency power conversion. Its current focus is power applications rather than its former RF business.
Opportunity
Moderate opportunity
Hyperscaler spending on high-density AI racks requiring electrical distribution, backup power and advanced thermal capacity.
Key risk
Negative operating margins and profitability challenges.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of Data Center Power and Thermal Management, with moderate fit.
WOLF is a genuine, but still early-stage, semiconductor-level beneficiary of AI-data-center power buildouts.
Narrative HeatUnavailable
Theme HeatUnavailable

Business & Markets

Technology · Semiconductors
What they do

Wolfspeed, Inc. develops and manufactures semiconductor materials and devices based on silicon carbide and gallium nitride technologies for use in RF, power, and other applications globally.

How it earns

The company generates revenue primarily through the sale of semiconductor materials and power devices to industrial and technology customers.

Products & services
Silicon carbide bare wafers
Silicon carbide epitaxial wafers
Gallium nitride epitaxial layers on silicon carbide wafers
Silicon carbide Schottky diodes
MOSFETs
Power modules
Customers & end markets
Semiconductor manufacturers
RF and power electronics industries
Market position

Wolfspeed is a recognized leader in silicon carbide and gallium nitride semiconductor technologies.

Demand drivers
High cyclicality

Semiconductor demand is sensitive to economic cycles and end-market fluctuations.

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