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Wolfspeed (WOLF) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Wolfspeed
NYSE•Technology•Semiconductors
$25.92+0.75(0.03%)Market closed
Market Cap
$932.55M
P/S
1.3x
P/B
0.9x

Wolfspeed, Inc., a semiconductor company, focuses on silicon carbide materials and devices for power applications in Europe, Hong Kong, Singapore, China, rest of Asia Pacific, Japan, the United States, and internationally. The company offers silicon carbide and gallium nitride (GaN) materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, silicon carbide substrates, mosfets, schotky diodes, power, and other applications. It also provides power devices, such as silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), and power modules for customers and distributors to use in various applications of automotive domains, including electric vehicles and fast charging, as well as existing and emerging applications in the industrial and energy domain, such as AI data centers, grid modernization, and renewable energy and storage. 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.

D

How this company scores

WeakMetricSide Score: 37/100

Grade capped at D — Interest coverage below 1× (-4.9x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (11/25); weakest: Growth (7/25).

Profitability9/25
Growth7/25
Balance Sheet & Red Flags10/25
Cash & Earnings Quality11/25
Strengths
Cash-backed earningsImproving leverageImproving marginsNo share dilution
Grade capped at D
  • Interest coverage below 1× (-4.9x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 1.3x5y range 0.6x – 4.7x
P/S 1.3x · below its 20-quarter median

Currently below its 20-quarter median.

P/B · 0.9x5y range 0.7x – 16.0x
P/B 0.9x · below its 18-quarter median

Currently below its 18-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $932.55M

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$712.50M
2Q
Q. Revenue
$150.20M
3Q
TTM EBITDA
$-887.00M
3Q
TTM Op. Income
$-1.02B
3Q
Q. Op. Income
$-114.30M
3Q
TTM Net Income
$-1.58B
2Q
Q. Net Income
$-119.90M
3Q
EPS
$-3.05
64%
Shares Out.
$39.28M
74%
$712.50M in TTM revenue declined 6.4% YoY, reaching $150.20M last quarter. TTM EBITDA of $-887.00M and TTM operating income of $-1.02B show growth is flowing through to the bottom line. However, net income is negative at $1.58B — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
-26.6%
119%
EBITDA Margin
-55.5%
27%
Op. Margin
-76.1%
27%
Net Margin
-79.8%
3Q
Op. margin of -76.1% is up 28.8% YoY — cost efficiency is improving. Net margin at -79.8% and gross margin of -26.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 27% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
1.3x
71%
P/B Ratio
0.9x
80%
P/S of 1.3x and P/B of 0.9x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$3.15B
7Q
Cash
$695.10M
5%
Long-Term Debt
$1.72B
2Q
Book Value
$1.02B
2Q
D/E Ratio
1.7
2Q
Debt/EBITDA
N/A
With $3.15B in assets and $1.72B in long-term debt, D/E is 1.7and book value is $1.02B — moderate leverage. Across the last 6 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-83.80M
2Q
TTM Free Cash Flow
$-648.60M
6Q
FCF Margin
-91.0%
6Q
FCF / Net Income
0.4
6Q
TTM FCF of $-648.60M on $-83.80M in operating cash flow. The FCF / Net Income ratio of 0.4x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 6 consecutive quarters — an improving trend.

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Revenue Decline

Red Flag

Revenue declined in 6 of the last 7 quarters — persistent contraction signals a fundamental problem.

Cash Burn

Red Flag

The last 6 consecutive quarters had negative FCF — the company is burning cash and may need external funding.