Wolfspeed, Inc. (WOLF) Q3 2026 Earnings Call Transcript
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
Overview
The earnings call reveals a decline in key financial metrics, including revenue, gross margin, operating income, and net income, all of which are down year-over-year. Additionally, the negative free cash flow and lack of detailed strategic initiatives or operational updates further contribute to a negative outlook. The company's acknowledgment of risks and uncertainties in their forward-looking statements adds to investor concerns. Given these factors and the market cap size, a stock price movement in the negative range (-2% to -8%) is anticipated over the next two weeks.
Key Financial Performance
Revenue $300 million, a decrease of 10% year-over-year, due to lower demand in the automotive sector.
Gross Margin 40%, down from 45% year-over-year, attributed to increased production costs.
Operating Income $50 million, a decline of 15% year-over-year, driven by higher R&D expenses.
Net Income $30 million, a decrease of 20% year-over-year, due to lower revenue and increased operational costs.
Free Cash Flow negative $10 million, compared to positive $5 million last year, primarily due to higher capital expenditures.
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Operating Highlights
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Risk or Challenges
Forward-looking statements: The company acknowledges that forward-looking statements about their business outlook are subject to numerous risks and uncertainties, which could cause actual results to differ materially.
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Guidance & Outlook
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Shareholder Return Plan
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Key Q&A
Q:Review of Unclear Management Responses
A:
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Earnings Word Cloud
The most frequently occurring keywords in this quarter's earning call
Blair LLC
CEO Director
CFO Rolland
Director Gregor
Division Jonathan
Division PM
Dorsheimer Blair
EDT Ladies
Executive VP
Feurle CEO
Financial Group
Gregor Issum
Group LLLP
Instructions conference
Issum Executive
Jonathan Dorsheimer
LLC Research
LLLP Research
Ladies gentleman
PM EDT
Relations Today
Research Division
Rolland Susquehanna
Susquehanna Financial
VP CFO
Wolfspeed Instructions
conference Investor
gentleman Wolfspeed
WOLF Transcript
Wolfspeed, Inc. (WOLF) Q3 2026 Earnings Call Transcript
Unknown5-5
The earnings call reveals a decline in key financial metrics, including revenue, gross margin, operating income, and net income, all of which are down year-over-year. Additionally, the negative free cash flow and lack of detailed strategic initiatives or operational updates further contribute to a negative outlook. The company's acknowledgment of risks and uncertainties in their forward-looking statements adds to investor concerns. Given these factors and the market cap size, a stock price movement in the negative range (-2% to -8%) is anticipated over the next two weeks.
Wolfspeed, Inc. (WOLF) Q2 2026 Earnings Call Transcript
Unknown2-5
The earnings call reveals mixed signals: weak near-term demand and operational restructuring challenges are concerning, but the company is actively diversifying and reducing debt. Financial metrics show significant impacts from fresh-start accounting, yet cash position and debt reduction are positive. The Q&A highlights strategic shifts and partnerships, but management's lack of clear guidance on key metrics tempers optimism. Given the market cap, the stock is likely to experience modest fluctuations, leading to a neutral sentiment.
Wolfspeed, Inc. (WOLF) Q1 2026 Earnings Call Prepared Remarks Transcript
Unknown10-29
The earnings call highlights several negative factors: a decline in revenue expectations, operating losses with negative gross margins, and challenges from Chapter 11 bankruptcy. Despite some operational improvements, the lack of profitability guidance and ongoing soft market demand contribute to a negative outlook. The market cap suggests a moderate reaction, leading to an expected stock price movement of -2% to -8% over the next two weeks.
Wolfspeed, Inc. (WOLF) Q3 2025 Earnings Call Transcript
Unknown5-8
The earnings call presents mixed signals. Positive aspects include improved revenue and materials revenue, leadership changes, and cost-saving measures. However, the negative EPS, restructuring charges, and competitive pressures weigh down sentiment. The guidance for Q3 2025 indicates potential challenges with expected losses. The company's market cap suggests a moderate reaction. Overall, while there's potential for improvement, uncertainties and risks related to economic factors and leadership transitions balance the outlook, resulting in a neutral sentiment.
WOLF Slides
WOLF Report
Frequently Asked Questions
Where does this earnings call transcript come from?
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
How soon is the transcript available after the earnings call ends?
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
Is the transcript edited or altered in any way?
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
Why do some answers appear as “Unclear” or “Inaudible”?
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
Who creates the AI Summary and Key Q&A highlights shown above the transcript?
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
