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Wolfspeed, Inc. (Wolfspeed, we, our, or us) is an innovator of wide bandgap semiconductors, focused on silicon carbide materials and devices for power applications. Our product families include power devices and silicon carbide and gallium nitride (GaN) materials.
$69.50
+$10.88 (+18.56%)
Price from 15 days ago
The business is unprofitable at the operating level (-175.45% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 6.1% YoY. Margins deteriorated 120.3pp alongside, both lines moving the wrong way.
ROIC dropped from -5.88% to -10.29%, capital efficiency is deteriorating. Negative free cash flow of -$1.98B. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$516M
▼ -6.1% YoY
Net Income (TTM)
$150M
▼ -86.2% YoY
Op. Margin
-84.21%
▼ -120.3pp YoY
ROIC
-19.52%
▼ -4.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$419M
▲ +33.9% YoY
Op. Cash Flow (TTM)
-$143M
▲ +1.9% YoY
Net Debt
$666M
Cash & Equiv.
$1.16B
5Y CAGR: +10.0%
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