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Wolfspeed WOLF Long-term investment tax credit receivable

Long-term investment tax credit receivable at other companies

PNW
Pinnacle West CapitalPNW
$307.17M+23.1%
OTT
Otter TailOTTR
$14.28M-3.5%
AWR
American States WaterAWR
$856K-7.5%
OGE Energy logo
OGE EnergyOGE
$9.6M-7.7%
MGE Energy logo
MGE EnergyMGEE
$48.07M+8.0%
PNW
Pinnacle West CapitalPNW
-$1.09M-3,128%

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 wolf:InvestmentTaxCreditReceivableNoncurrent.

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 long-term investment tax credit receivable?
Wolfspeed (WOLF) reported long-term investment tax credit receivable of $109.5M in Q1 2026.
How has Wolfspeed's long-term investment tax credit receivable changed year-over-year?
Wolfspeed's long-term investment tax credit receivable decreased by 18.0% year-over-year, from $133.5M to $109.5M.
What does long-term investment tax credit receivable mean?
This represents the portion of investment tax credits earned through capital projects that is expected to be realized beyond the next twelve months. It serves as a long-term asset reflecting the cumulative value of government incentives associated with the company's multi-year manufacturing facility build-outs. This metric is critical for evaluating the long-term capital recovery strategy and the effectiveness of tax planning in large-scale industrial projects.