Wolfspeed, Inc. income statement WOLF

Annual Quarterly

In fiscal 2026, which ended Jun 29, 2025, Wolfspeed, Inc. reported revenue of $757.6 million. It recorded a net loss of $1.6 billion. The operating loss came to $1.3 billion, an operating margin of -175.4%. Diluted earnings per share were -$11.39. Across the 6 fiscal years shown, revenue shrank from $1.1 billion in fiscal 2019 to $757.6 million in fiscal 2026, about 6.8% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2027 Sep 27, 2026	FY 2026 Jun 29, 2025	FY 2023 Jun 25, 2023	FY 2022 Jun 26, 2022	FY 2021 Jun 27, 2021	FY 2020 Jun 28, 2020	FY 2019 Jun 30, 2019	FY 2018 Jun 24, 2018	FY 2017 Jun 25, 2017	FY 2016 Jun 26, 2016	FY 2015 Jun 28, 2015
Revenue	—	758	758 +32.6%	572 +8.8%	526 -41.9%	904 -16.3%	1,080	—	—	—	—
Cost of revenue	—	879	516 +41.6%	364 +0.8%	361 +15.6%	312 +6.0%	294 -72.9%	1,086 +4.6%	1,038 -8.1%	1,130 -2.5%	1,159 +12.5%
Gross profit	—	-122	243 +16.7%	208 +26.4%	165 +3.8%	158 -35.0%	244 -19.3%	302 +23.8%	244 -49.9%	487 +2.8%	474 -23.3%
Research and development	—	175	166 +16.2%	143 -19.8%	178 +17.0%	152 +25.5%	121 -4.9%	127 +11.9%	114 -32.6%	169 -7.6%	183 +0.8%
Selling, general and administrative	—	190	214 +17.1%	183 +0.8%	182 -0.1%	182 +7.6%	169 -0.8%	170 +16.9%	146 -48.5%	283 -2.6%	291 +8.3%
Other operating income (expense)	—	-418	-11 +21.2%	-14 +35.1%	-21 +35.9%	-33 -23.7%	-27	—	—	—	—
Restructuring and impairment	—	92 +0.0%	—	7 -33.6%	11 +20.9%	9 +31.9%	7	—	0	19	—
Operating income	—	-1,329	-312 -53.5%	-203 +35.3%	-314 -40.1%	-224 -139.7%	-94 -233.9%	-28 -39.3%	-20 -92.0%	-10 +85.8%	-74 -155.2%
Interest expense	—	315	—	—	—	—	—	—	—	—	—
Other non-operating income (expense)	—	-1	-0 -150.0%	1 -45.5%	1 -56.0%	2 +733.3%	0 +250.0%	-0 +66.7%	-1 -231.3%	0 -20.1%	1 -54.2%
Other income (expense)	—	26	95 +343.8%	-39 -47.5%	-26 -242.2%	18 +162.9%	-29 -382.7%	10 -20.0%	13 +199.7%	-13 -25.5%	-10 -178.1%
Pretax income	—	-1,619	-260 -7.4%	-242 +28.9%	-340 -65.5%	-206 -67.3%	-123 -598.3%	-18 -147.9%	-7 +69.8%	-24 +72.0%	-84 -157.3%
Income tax	—	-10	1 -91.5%	8 +645.5%	1 +113.8%	-8 -81.8%	-4 -266.7%	-1 -101.5%	81 +4211.7%	-2 +89.8%	-19 -183.5%
Net income	—	-1,609	-330 -64.2%	-201 +61.7%	-524 -173.3%	-192 +48.9%	-375 -34.0%	-280 -185.4%	-98 -355.5%	-22 +66.7%	-65 -152.4%
Basic EPS	—	-11.39	-2.65 -58.7%	-1.67 +64.2%	-4.66	—	-3.62 -28.8%	-2.81 -181.0%	-1.00 -376.2%	-0.21 +63.2%	-0.57 -155.9%
Diluted EPS	—	-11.39	-2.65 -58.7%	-1.67 +64.2%	-4.66	—	-3.62 -28.8%	-2.81 -181.0%	-1.00 -376.2%	-0.21 +63.2%	-0.57 -157.0%
Weighted average shares, basic	—	141	124 +3.5%	120 +6.9%	112	—	104 +4.1%	100 +1.1%	98 -3.2%	102 -9.9%	113 -6.3%
Weighted average shares, diluted	—	141	124 +3.5%	120 +6.9%	112	—	104 +4.1%	100 +1.1%	98 -3.2%	102 -9.9%	113 -8.0%
Other measures
Depreciation and amortization	—	252	146 +30.6%	112 -7.8%	121 +24.5%	97 +12.6%	86 -22.8%	112 -25.8%	150 -5.4%	159 -8.2%	173 +5.7%
EBITDA	—	-1,077	-166 -81.4%	-92 +52.5%	-193 -52.0%	-127 -1639.7%	-7 -108.7%	84 -35.9%	130 -12.3%	149 +49.0%	100 -66.4%
Interest coverage	—	-4.22x	—	—	—	—	—	—	—	—	—
Margins
Gross margin	—	-16.05%	32.02%	36.37%	31.32%	17.54%	22.56%	—	—	—	—
Operating margin	—	-175.45%	-41.11%	-35.50%	-59.72%	-24.79%	-8.66%	—	—	—	—
Pretax margin	—	-213.69%	-34.25%	-42.28%	-64.73%	-22.75%	-11.38%	—	—	—	—
Profit margin	—	-212.41%	-43.49%	-35.12%	-99.68%	-21.21%	-34.73%	—	—	—	—
EBITDA margin	—	-142.17%	-21.91%	-16.01%	-36.72%	-14.05%	-0.68%	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Semiconductors & Related Devices (SIC 3674)
Listed as: WOLF (NYSE)
Fiscal year ends: June 29
Incorporated in: DE
Headquarters: Durham, NC
SEC filer status: Accelerated filer
SEC CIK: 895419
Former names: CREE, INC. (until Oct 1, 2021); CREE INC (until Aug 5, 2019); CREE RESEARCH INC /NC/ (until May 11, 1999)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.