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Wolfspeed WOLF Work in process

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Other financials

Income statement

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Revenue$150.2M-19.0%
Gross profit-$40.0M-77.8%
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$2.54B+65.7%
Enterprise value$2.88B-66.7%
P/S3.6×+1.6×

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

Reported directly by Wolfspeed in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Wolfspeed’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wolfspeed's work in process?
Wolfspeed (WOLF) reported work in process of $146.3M in Q1 2026.
How has Wolfspeed's work in process changed year-over-year?
Wolfspeed's work in process decreased by 51.9% year-over-year, from $304.3M to $146.3M.
What is the long-term trend for Wolfspeed's work in process?
Over 4 years (2021 to 2025), Wolfspeed's work in process has grown at a 27.0% compound annual growth rate (CAGR), from $109.5M to $284.6M.
What does work in process mean?
Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.