Wolfspeed
WOLF on NYSE. Wolfspeed sells silicon carbide materials and power devices to car, industrial, and aerospace makers. Market value $1.8bn.
Figures from the annual report for the year ended 28 June 2026.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 41 of 100. Price score: not known. Our list needs 70 on quality and 60 on price.
$33.53 a share, 149% above its 1-year low
Over the past year the price has ranged from $13.48 to $80.82.
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $572m | $759m | $807m | $758m | n/a |
| Operating margin | |||||
| Operating margin | -35.5% | -41.1% | -55.2% | -175.4% | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | 7.00 | n/a | 1.82 |
| Shares outstanding | |||||
| Shares outstanding | 0.12bn | 0.13bn | 0.16bn | 0.05bn | 0.05bn |
Health checks
- Free cash flow positive0 of 4 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Not enough data
- Debt1.82× equity
- Revenue growth, five yearsSlow, 9.6% a year
- Buying back its own sharesYes, 57% fewer since 2022
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Debt is $1.1 billion more than cash, down from $6.1 billion a year ago.
| Quarter to | Amount |
|---|---|
| September 2024 | $195m |
| December 2024 | $181m |
| March 2025 | $185m |
| June 2025 | $197m |
| September 2025 | $197m |
| December 2025 | $169m |
| March 2026 | $150m |
| June 2026 | Not reported |
| Quarter to | Amount |
|---|---|
| September 2024 | -$282m |
| December 2024 | -$372m |
| March 2025 | -$286m |
| June 2025 | -$669m |
| September 2025 | -$644m |
| December 2025 | -$151m |
| March 2026 | -$120m |
| June 2026 | Not reported |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 20 August 2026
- Next quarterly (estimated, 10-Q)
- 6 August 2026
Who owns it
4 long-term investors we follow own it, up from 0 last quarter. 267 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| First Manhattan Co.First Manhattan partners | $79m | 0.2% | New |
| ValueWorksCharles Lemonides | $7m | 1.5% | New |
| Polen CapitalDan Davidowitz | $2m | <0.1% | New |
| Third PointDan Loeb | $482,500 | <0.1% | New |
Largest holders overall
- Renesas Electronics America$813m
- Slate Path Capital LP$214m
- Price T Rowe Associates$147mAdded
- State Street$126mAdded
- BlackRock$114mAdded
- Goldman Sachs Group$112mAdded
- TWO Sigma Investments, LP$110mAdded
- JPMorgan Chase$100mAdded
- Morgan Stanley$97mCut
- First Manhattan Co.$79mNew
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
12 investors own more than 5%.
- Renesas Electronics America Inc.Passive investorat least 39.9%−16.1 pts(filed with 1 related holder)Since 31 March 2026
- T. Rowe Price Associates, Inc.Passive investor11.1%−1.5 ptsSince 30 June 2026
- Slate Path Capital LPPassive investorat least 10.0%(filed with 1 related holder)Since 31 March 2026
- THE GOLDMAN SACHS GROUP, INC.Passive investorat least 6.8%(filed with 1 related holder)Since 30 June 2026
- Capital Ventures InternationalPassive investorat least 6.3%+1.3 pts(filed with 5 related holders)Since 30 June 2026
- Sculptor Capital LPPassive investorat least 6.2%(filed with 5 related holders)Since 13 May 2026
- CSS LLC/ILPassive investor5.9%Since 5 June 2026
- JANE STREET GROUP, LLCPassive investorat least 5.1%+0.7 pts(filed with 2 related holders)Since 3 August 2026
- STATE STREET CORPORATIONPassive investor5.0%+0.1 ptsSince 30 June 2026
- Morgan StanleyPassive investorat least 4.6%−4.9 pts(filed with 1 related holder)Since 30 June 2026
- Point72 Asset Management, L.P.Passive investorat least 3.8%−2.2 pts(filed with 2 related holders)Since 31 December 2025
- CITIGROUP INCPassive investorat least 1.4%−5.0 pts(filed with 3 related holders)Since 30 June 2026
- PRIMECAP MANAGEMENT CO/CA/Passive investorSold down below 5%Since 31 March 2025
- Capital Research Global InvestorsPassive investorSold down below 5%Since 30 June 2026
- Allianz Global Investors GmbHPassive investorSold down below 5%Since 31 March 2026
- Voya Financial, Inc.Passive investorSold down below 5%Since 31 March 2026
- FMR LLCPassive investorSold down below 5%Since 30 April 2026
- Point72 Europe (London) LLPPassive investorSold down below 5%Since 9 October 2025
- The Vanguard GroupPassive investorSold down below 5%Since 30 September 2025
- BlackRock, Inc.Passive investorSold down below 5%Since 30 September 2025
| Holder | Stake | Since | |
|---|---|---|---|
Renesas Electronics America Inc. Passive investor | at least 39.9%−16.1 pts (filed with 1 related holder) | 31 March 2026 | |
T. Rowe Price Associates, Inc. Passive investor | 11.1%−1.5 pts | 30 June 2026 | |
Slate Path Capital LP Passive investor | at least 10.0% (filed with 1 related holder) | 31 March 2026 | |
THE GOLDMAN SACHS GROUP, INC. Passive investor | at least 6.8% (filed with 1 related holder) | 30 June 2026 | |
Capital Ventures International Passive investor | at least 6.3%+1.3 pts (filed with 5 related holders) | 30 June 2026 | |
Sculptor Capital LP Passive investor | at least 6.2% (filed with 5 related holders) | 13 May 2026 | |
CSS LLC/IL Passive investor | 5.9% | 5 June 2026 | |
JANE STREET GROUP, LLC Passive investor | at least 5.1%+0.7 pts (filed with 2 related holders) | 3 August 2026 | |
STATE STREET CORPORATION Passive investor | 5.0%+0.1 pts | 30 June 2026 | |
Morgan Stanley Passive investor | at least 4.6%−4.9 pts (filed with 1 related holder) | 30 June 2026 | |
Point72 Asset Management, L.P. Passive investor | at least 3.8%−2.2 pts (filed with 2 related holders) | 31 December 2025 | |
CITIGROUP INC Passive investor | at least 1.4%−5.0 pts (filed with 3 related holders) | 30 June 2026 | |
PRIMECAP MANAGEMENT CO/CA/ Passive investor | Sold down below 5% | 31 March 2025 | |
Capital Research Global Investors Passive investor | Sold down below 5% | 30 June 2026 | |
Allianz Global Investors GmbH Passive investor | Sold down below 5% | 31 March 2026 | |
Voya Financial, Inc. Passive investor | Sold down below 5% | 31 March 2026 | |
FMR LLC Passive investor | Sold down below 5% | 30 April 2026 | |
Point72 Europe (London) LLP Passive investor | Sold down below 5% | 9 October 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 30 September 2025 | |
BlackRock, Inc. Passive investor | Sold down below 5% | 30 September 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.