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MARKETS / NYSE / WOLF
NYSE · SEMICONDUCTORS & RELATED DEVICES · MID CAP

Wolfspeed, Inc. WOLF

17 fiscal years on record · USD · FY2024 reported · SEC filings only
$757.6M
▼ 6.1% YoY
$-1.6B
$-2.0B
In brief

What this company does

Wolfspeed produces silicon carbide materials and devices for power applications, including power devices and silicon carbide and gallium nitride (GaN) materials, targeted at applications such as electric vehicles, fast charging, and renewable energy and storage. The majority of its products are manufactured at production facilities in North Carolina, New York and Arkansas, and it operates research and development facilities in North Carolina, Arkansas and New York. As of June 29, 2025, it employed 3,434 regular full- and part-time employees. It had two customers in each of fiscal 2025, 2024 and 2023 that individually represented more than 10% of consolidated revenue, together accounting for 37%, 37% and 36% of total consolidated revenue in those years, respectively. Its silicon carbide materials products consist of silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers. Its power device products consist of silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs) and power modules. Wolfspeed, Inc. is a North Carolina corporation established in 1987, with its headquarters in Durham, North Carolina.

Written from the business description in Wolfspeed, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 August 2025. Every sentence was checked against that document before publication.

Growth
USD 757.6M
Revenue, FY2024 · full 17-year series below
Revenue $B Net income $B
FY2024 · Revenue 0.8 · Net income -1.6
0.8B1.6B-0.8B-1.6B200820102012201420162018202020222024
Compound annual growth
+9.8%
+10.0%
−7.4%
−0.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−212 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -175.4% · Net -212.4%
-100%-200%200820102012201420162018202020222024
ROE
FY2024 · ROE -739.9%
-200%-400%-600%200820102012201420162018202020222024

Each USD of equity lost 740 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $B
FY2024 · FCF -2.0
-1B-2B200820102012201420162018202020222024
Net buybacks $M Dividends $M
FY2018 · Dividends — · Net buybacks -158.0
200M400M-200M-400M200820102012201420162018

Total assetsUSD 6.9B
EquityUSD -447.1M
CashUSD 467.2M
Gross debtUSD 13.1B
Net debtUSD 12.6B
Current ratio0.36×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

The share count changed between 2024 and 2025, but the exact year can't be marked here — the underlying count wasn't on file for every year in that stretch.

row low → row highnegative
Metric 20242023202220212020201920182017201620152014201320122011201020092008
Revenue $B0.80.80.80.60.50.50.50.90.81.61.61.61.41.21.00.90.6
Operating income $B−1.3−0.4−0.3−0.2−0.3−0.2−0.1−0.0−0.0−0.0−0.10.10.10.00.20.20.0
EBITDA $B−1.1−0.3−0.2−0.1−0.2−0.1−0.00.10.10.10.10.30.20.20.30.30.1
Income tax $B−0.00.00.00.00.0−0.0−0.0−0.00.1−0.0−0.00.00.00.00.00.10.0
Net income $B−1.6−0.9−0.3−0.2−0.5−0.2−0.4−0.3−0.1−0.0−0.10.10.10.00.10.20.0
Free cash flow $B−2.0−3.0−1.1−0.8−0.7−0.30.10.00.10.1−0.00.10.20.10.0··
EPS, diluted $−11.39−6.88−2.65−1.67−4.66−1.78−3.62−2.81−1.00−0.21−0.571.000.740.391.331.450.34
Dividend / sh $·················
Payout %·················
ROE %−739.9−69.0−16.2−8.8−24.9−9.3−18.3−13.1−4.3−0.9−2.44.33.21.86.89.42.5
Shares out B0.160.130.120.120.120.110.110.100.100.100.110.120.120.120.110.11·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 86 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 9 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySemiconductors & Related Devices
Listed onNYSE
Incorporated inDelaware
Fiscal year endsJune 29
Data on record since2008

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