Wolfspeed (NYSE:WOLF) Releases Q2 Earnings Guidance

Wolfspeed (NYSE:WOLF) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($1.14) – $0.89 for the period, compared to the consensus EPS estimate of ($0.91). The company issued revenue guidance of $160 – 200 million, compared to the consensus revenue estimate of $214.69 million. Wolfspeed also updated its Q2 2025 guidance to -1.140–0.890 EPS.

Wolfspeed Price Performance

WOLF traded up $1.70 on Friday, reaching $10.03. The company’s stock had a trading volume of 24,194,446 shares, compared to its average volume of 14,758,930. Wolfspeed has a 1 year low of $7.28 and a 1 year high of $47.43. The business’s 50 day moving average is $10.92 and its 200 day moving average is $18.06. The company has a current ratio of 4.51, a quick ratio of 3.85 and a debt-to-equity ratio of 6.99.

Wolfspeed (NYSE:WOLF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($1.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.20) by $0.09. Wolfspeed had a negative net margin of 93.31% and a negative return on equity of 45.09%. The firm had revenue of $194.70 million for the quarter, compared to analysts’ expectations of $200.11 million. Research analysts anticipate that Wolfspeed will post -4.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on WOLF shares. The Goldman Sachs Group lowered their target price on shares of Wolfspeed from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley increased their price target on Wolfspeed from $10.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Canaccord Genuity Group reduced their price objective on shares of Wolfspeed from $25.00 to $18.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Wolfspeed from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Bank of America dropped their price target on shares of Wolfspeed from $25.00 to $15.00 and set an “underperform” rating on the stock in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Wolfspeed has a consensus rating of “Hold” and a consensus price target of $17.36.

About Wolfspeed

Wolfspeed, Inc operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.