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 earnings per share (EPS) guidance of ($1.14) – $0.89 for the period, compared to the consensus 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 Stock Up 20.4 %

Shares of WOLF traded up $1.70 on Friday, hitting $10.03. 24,194,446 shares of the stock traded hands, compared to its average volume of 14,758,930. Wolfspeed has a one year low of $7.28 and a one year high of $47.43. The company has a debt-to-equity ratio of 6.99, a current ratio of 4.51 and a quick ratio of 3.85. The business has a 50 day simple moving average of $10.92 and a 200 day simple moving average of $18.06.

Wolfspeed (NYSE:WOLF) last posted its earnings results on Wednesday, November 6th. The company reported ($1.11) EPS for the quarter, topping analysts’ consensus estimates of ($1.20) by $0.09. The business had revenue of $194.70 million during the quarter, compared to analyst estimates of $200.11 million. Wolfspeed had a negative return on equity of 45.09% and a negative net margin of 93.31%. On average, equities analysts forecast that Wolfspeed will post -4.07 EPS for the current year.

Analyst Ratings Changes

WOLF has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Wolfspeed from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley lifted their price objective on Wolfspeed from $10.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Piper Sandler reissued an “overweight” rating and issued a $18.00 target price (down from $20.00) on shares of Wolfspeed in a research report on Thursday. Susquehanna lowered their price objective on shares of Wolfspeed from $16.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Roth Mkm cut their target price on shares of Wolfspeed from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday. Two 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 MarketBeat, the company presently has an average rating of “Hold” and an average 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.