Wolfspeed Inc. Reports Q4 2026 Results, Stock Slides 10 %
Wolfspeed Inc. (WOLF) released its fiscal‑2026 fourth‑quarter earnings on August 19, 2026. The semiconductor company reported a significant miss on both earnings and revenue, prompting a 10 % decline in its share price.
Key Financial Highlights
| Metric | Q4 2026 | Analyst Estimate | Direction |
|---|---|---|---|
| Earnings per share | ‑$2.26 | ‑$0.52 | Worse |
| Revenue | $149.6 million | $223.55 million | Lower |
| Gross margin | 25 % | Not specified | Lower |
| Cash on hand | $1.1 billion | — | — |
| Debt | $1.7 billion | — | — |
The company attributed the margin compression to factory under‑utilization and noted that revenue from artificial‑intelligence data‑center applications more than doubled year‑over‑year and grew 20 % sequentially.
Management Commentary
During the earnings call, Wolfspeed’s management emphasized progress in debt reduction and outlined guidance for the current quarter. The company expects revenue between $140 million and $160 million, with a midpoint of $150 million. It also highlighted ongoing efforts to improve manufacturing utilization.
Market Reaction
Wolfspeed shares fell 7.53 % in the afternoon session, with a 10 % intraday drop following the earnings announcement. The stock has declined 65 % over the past five years and has been considered a “meme” stock since filing for Chapter 11 bankruptcy on June 30, 2025.
Additional Context
The company’s valuation is negatively affected by a price‑earnings ratio of ‑3.64. The 52‑week high of $80.82 (May 21, 2026) and 52‑week low of $1.16 (Sept 1, 2025) illustrate the volatility of its share price. Wolfspeed’s market capitalization remains at $1.82 billion.
Related Developments
While Wolfspeed’s financial performance remains weak, the company’s technology continues to be explored for defense applications. On August 17, 2026, the U.S. Army scheduled a training evaluation of the Hunter WOLF unmanned ground vehicle from BLADE (formerly HDT Robotics) with the 82nd Airborne Division. The evaluation, part of a Transition in Contact (TiC) event, highlights the potential utility of Wolfspeed‑derived technologies in military logistics and casualty‑evacuation missions.
This article summarizes the publicly available information regarding Wolfspeed Inc.’s Q4 2026 earnings, market reaction, and related developments. No additional data beyond the provided inputs has been included.
