Wolfspeed (NYSE:WOLF) Updates Q2 Earnings Guidance

Wolfspeed (NYSE:WOLF) updated its second quarter earnings guidance on Wednesday. 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 Trading Up 20.4 %

WOLF stock traded up $1.70 during mid-day trading on Friday, hitting $10.03. The company had a trading volume of 24,194,446 shares, compared to its average volume of 14,758,930. The company has a debt-to-equity ratio of 6.99, a quick ratio of 3.85 and a current ratio of 4.51. Wolfspeed has a 12 month low of $7.28 and a 12 month high of $47.43. The stock’s fifty day moving average price is $10.92 and its two-hundred day moving average price is $18.06.

Wolfspeed (NYSE:WOLF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($1.11) earnings per share for the quarter, topping the consensus estimate of ($1.20) by $0.09. The company 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%. Equities analysts forecast that Wolfspeed will post -4.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on WOLF. The Goldman Sachs Group cut their price objective on shares of Wolfspeed from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday. TD Cowen cut their price target on shares of Wolfspeed from $25.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, August 22nd. JPMorgan Chase & Co. reduced their price target on shares of Wolfspeed from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday. New Street Research downgraded Wolfspeed from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research report on Wednesday, August 7th. Finally, Bank of America dropped their price objective on Wolfspeed from $25.00 to $15.00 and set an “underperform” rating for the company in a research note 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 given a buy rating to the stock. Based on 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.