Wolfspeed (NYSE:WOLF) Releases Q2 Earnings Guidance

Wolfspeed (NYSE:WOLFGet Free Report) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of ($1.14) – $0.89 for the period, compared to the consensus earnings per share 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

Shares of Wolfspeed stock traded up $0.84 on Wednesday, hitting $13.71. The company’s stock had a trading volume of 10,659,808 shares, compared to its average volume of 6,437,318. Wolfspeed has a 52-week low of $7.28 and a 52-week high of $47.43. The company has a market capitalization of $1.74 billion, a P/E ratio of -1.85 and a beta of 1.46. The company has a quick ratio of 3.85, a current ratio of 4.51 and a debt-to-equity ratio of 6.99. The firm has a fifty day moving average price of $10.90 and a 200-day moving average price of $18.26.

Wolfspeed (NYSE:WOLFGet Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($1.03) by ($0.03). Wolfspeed had a negative net margin of 107.93% and a negative return on equity of 37.76%. The company had revenue of $200.70 million for the quarter, compared to analyst estimates of $201.11 million. On average, equities research analysts expect that Wolfspeed will post -4.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Bank of America decreased their price target on shares of Wolfspeed from $25.00 to $15.00 and set an “underperform” rating on the stock in a report on Friday, August 23rd. New Street Research downgraded Wolfspeed from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a research report on Wednesday, August 7th. Oppenheimer restated a “market perform” rating on shares of Wolfspeed in a report on Tuesday, July 9th. Morgan Stanley lifted their price objective on Wolfspeed from $10.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, TD Cowen dropped their target price on shares of Wolfspeed from $25.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.43.

Get Our Latest Stock Analysis on Wolfspeed

Wolfspeed Company Profile

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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.

Further Reading

Earnings History and Estimates for Wolfspeed (NYSE:WOLF)

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