Wolfspeed(NYSE) WOLF

Wolfspeed makes special materials and devices for electric cars and renewable energy. Its products help charge cars faster and make power systems more efficient. These solutions support industries like transportation, energy, and telecommunications.

Products and Services

• Power Products: Devices that control electricity flow in electric vehicles, charging stations, and solar inverters.
• Materials Products: Silicon carbide wafers and layers used by other companies to build advanced electronics.
• Discontinued RF Devices: Previously made parts for wireless networks and military systems; sold this business in December 2023.

Growth and Expansion

• Changed name from Cree to Wolfspeed in October 2021 to focus on silicon carbide technology.
• Sold RF device business to MACOM in December 2023, exiting that market.
• Opened Mohawk Valley Fab for 200mm silicon carbide devices in 2022, boosting production scale.
• Started building a new materials factory in Siler City, North Carolina in 2023.
• Expanded global sales, with major revenue from Asia and Europe since 2024.

What Makes Wolfspeed Stand Out

Wolfspeed focuses on wide bandgap materials, which handle higher power and heat than regular silicon. Its factories use advanced technology to make larger silicon carbide wafers, lowering costs. The company supplies key parts for electric vehicles and renewable energy systems worldwide.

Five Things You Need to Know

• Revenue was $168 million in QQ2 2026, down 6.6% year-over-year.
• Net loss was $151 million in QQ2 2026, improved from $372 million prior year.
• Cash and investments totaled $1.33 billion as of March 30, 2025.

Bottom Line

Wolfspeed has shifted from general semiconductors to focus on electric vehicles and energy. The company faces financial challenges but remains a key supplier for next-generation power systems.