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Wolfspeed (WOLF) investor relations material
Wolfspeed Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 50% quarter-over-quarter growth in AI data center revenue, driven by next-gen portfolio and new customer wins in automotive, industrial, and wind energy sectors.
Emerged from Chapter 11 bankruptcy with a strengthened capital structure, $1.3 billion in cash, and completed CFIUS clearance.
Completed shutdown of Durham 150mm fab ahead of schedule, transitioning to 200mm manufacturing and benefiting gross margin.
Achieved a significant technology milestone with successful production of a 300mm silicon carbide wafer.
Refocused strategy on financial discipline, technology leadership, and diversified go-to-market across automotive, industrial & energy, aerospace & defense, and materials.
Financial highlights
Q2 revenue was $168–$168.5 million, with $75–$76 million from Mohawk Valley; power revenue was $118–$118.3 million, materials revenue $50–$50.2 million.
Non-GAAP gross margin was -34%, impacted by underutilization, inventory step-ups, and Fresh Start Accounting.
Adjusted EBITDA for Q2 was negative $81.8–$82 million.
Operating cash flow for Q2 was negative $43–$71 million; CapEx reduced to $31 million, down 90% year-over-year.
Ended the quarter with $1.3 billion in cash and short-term investments.
Outlook and guidance
Q3 revenue expected between $140 million and $160 million, reflecting customer inventory build and weaker EV demand.
Operating expenses projected flat or slightly down sequentially; gross margin to remain negative but improve quarter-over-quarter.
Long-range plan and financial targets update anticipated in the first half of calendar 2026.
Continued focus on liquidity and diversification into high-voltage, high-growth verticals.
- TimeTickerHeadlineOpen
- 6 FebMGY
Record production, strong free cash flow, and disciplined capital returns defined 2025. - 6 FebQNST
Record Q2 revenue, $50.2M net income, HomeBuddy acquisition, and AI drive growth. - 6 FebOPGN
Shareholders will vote on seven key proposals, including a new equity plan and company name change. - 6 FebCDP
2025 FFO/share up 5.8% with strong leasing; 2026 outlook positive amid record defense spending. - 6 FebVTR
2025 saw double-digit SHOP NOI and FFO growth, a raised dividend, and $2.5B in investments. - 6 FebREG
2025 delivered record NOI and FFO growth, with 2026 guidance projecting further gains. - 6 FebMNTS
All stock issuance proposals passed except the share increase, which was not approved. - 6 FebCPT
2025 beat guidance; 2026 sees lower FFO, Sun Belt focus, and major asset sales with share repurchases. - 6 FebKOG
Record growth, robust backlog, and a NOK 5.70 dividend proposal drive future expansion. - 6 FebTSBK
Net income rose 19.8% to $8.22M, with higher margins, strong capital, and a dividend increase.
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