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Wolfspeed WOLF Gross Profit

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Other financials

Income statement

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Revenue$150.2M-19.0%
Operating income-$114.3M+41.2%
Net income-$119.9M+58.0%
EPS (diluted)-$3.05-64.0%

Balance sheet

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Cash & equivalents$695.1M-4.8%
Total debt$1.0B-71.6%
Total equity$1.0B+380%
Total assets$3.1B-58.4%

Cash flow

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Operating cash flow-$61.4M+56.8%
CapEx$30.0M-92.5%
Free cash flow-$72.6M+87.8%

Valuation

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Market cap$1.43B+549%
Enterprise value$1.77B-72.5%
P/S+1.7×

Profitability

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Gross margin-31%-90.0pp
Operating margin-142.6%+39.0pp
Net margin-72.9%-24.4pp
FCF margin-135.9%-51.9pp

Returns & leverage

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Return on equity-84.2%-29.3pp
Debt / equity-16.1×
Current ratio+2.4×

Where this comes from

Calculated from Wolfspeed’s reported figures.

The source filing: Wolfspeed’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:32 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0000895419-26-000030
(in millions of U.S. Dollars, except share data)Successor / Three months ended / March 29, 2026Predecessor / Three months ended / March 30, 2025
Revenue, net$150.2$185.4
Cost of revenue, net190.2207.9
Gross loss(40.0)(22.5)
Operating expenses:
Research and development27.242.2
Sales, general and administrative37.041.1
Factory start-up costs23.5
Gain on disposal of property and equipment(0.5)(0.2)

Item 1. Financial Statements (Unaudited)

FAQ

What is Wolfspeed's gross profit?
Wolfspeed (WOLF) reported gross profit of -$40M in Q1 2026.
How has Wolfspeed's gross profit changed year-over-year?
Wolfspeed's gross profit decreased by 77.8% year-over-year, from -$22.5M to -$40M.
What is the long-term trend for Wolfspeed's gross profit?
Over 3 years (2022 to 2025), Wolfspeed's gross profit has grown at a -16.4% compound annual growth rate (CAGR), from $208.1M to -$121.6M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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