§ docs  ·  WOLF  ·  Sources
ticker
WOLF
company
Wolfspeed Inc.
citations
58
analysts
7
generated
2026-05-03

Sources — Wolfspeed Inc. (WOLF)

The deduplicated catalogue of every citation referenced across WOLF's seven analyst memos and PM thesis. Sorted by source type; analysts that cited each source are listed under its title.

Wolfspeed Q2 FY2026 Earnings Call Transcript (Motley Fool)

transcript customer-analyst 2026-05-03 fool.com
  • CEO Robert Feurle: 'pivoting away from being a one-trick pony focused on EVs' — explicit admission auto-LTSA bull thesis no longer carrying demand
  • Toyota onboard charging system design win (Q2 FY26)
  • Hopewind industrial / renewable energy inverter win (Q2 FY26)
  • Customer inventory digestion called out as Q3 FY26 sequential headwind
  • AI datacenter revenue +50% QoQ; doubled over last three quarters but still small absolute base

Oversupply of 6-Inch SiC Substrate Leading to Price Decline

industry-report competitor-analyst 2026-05-03 trendforce.com
  • 6-inch SiC substrate ASP fell below $500 by mid-2024, ~$400 by Q4
  • First three quarters of 2024 saw >60% price decline
  • Chinese capacity ramp 460k (2022) → 3.9M units projected 2025

Wolfspeed in rough waters, European rivals stay the course

industry-report competitor-analyst 2026-05-03 bits-chips.com
  • 200mm SiC wafer ASP fell from ~$1,500 to $500
  • STM 'China-for-China' Sanan JV mass production end of year
  • Infineon Chinese auto revenue doubled YoY
  • Vertical integration flipped from advantage to liability under price collapse

Wolfspeed's bold SiC bets meet tough timing and growing competition

industry-report competitor-analyst 2026-05-03 yolegroup.com
  • Wolfspeed substrate share collapse from >60% (2021) to 33.7% (2024)
  • Chinese share rose to ~40% combined; TanKeBlue 17.3% / SICC 17.1% in 2024
  • Renesas walked away from $2B Wolfspeed prepayment due to severe market conditions
  • STM and Infineon scaling 200mm SiC simultaneously, neutralizing Wolfspeed's process lead

Yole Group — Power SiC 2025: Markets & Applications

industry-report market-positioning-analyst 2026-05-03 yolegroup.com
  • SiC device TAM ~$10.3B by 2030, ~20% CAGR (2024-2030) — primary anchor
  • Auto/mobility ~70% of SiC demand over next 5 years
  • AI datacenter SiC opportunity sized at ~$200M by 2030 (~2% of TAM) — bull-pivot rounding error

BorgWarner-Wolfspeed Strategic Agreement

news customer-analyst 2026-05-03 electricmotorengineering.com
  • BorgWarner 'entitled to purchase up to $650M of devices annually' — ceiling not floor
  • Volume scales with BorgWarner customer EV programs (themselves slipping)

Semiconductor Today — Wolfspeed Q1 FY26 (Nov 2025)

news financial-analyst 2026-05-03 semiconductor-today.com
  • Q1 FY26 revenue $196.8M; non-GAAP GM -26%
  • Net loss $85.2M ex-$503.8M restructuring charges
  • OCF -$5.7M (improved from -$242.5M Q4 FY25)
  • Cash $926M; Q1 FY26 capex $103.9M, FCF -$99.6M
  • Underutilization $47M Siler City

Wolfspeed Reports Q2 FY2026 Results

news competitor-analyst 2026-05-03 morningstar.com
  • Q2 FY26 Power revenue $118M, Materials $50M, non-GAAP GM -34%
  • Q3 FY26 revenue guide $140-160M with continued negative gross margin
  • Customer second-sourcing cited as Q3 revenue headwind
  • AI datacenter revenue doubled over last three quarters, +50% QoQ

Bestowal Capital — Special Situations: WolfSpeed Post-Emergence Cap Structure

investor-analysis financial-analyst 2026-05-03 bestowalcapital.substack.com
  • Post-emergence total debt ~$2.1B (Senior Secured 2030 ~$1.26B, 2L Convert 2031 ~$628M, Renesas instruments ~$204M)
  • 98.9M fully diluted shares; legacy holders ~1.3M shares (3-5% of new equity)
  • 2L convertible strike $18.35 (deeply ITM at $37.50)
  • Senior Secured Notes 9.875% step-up to 11.875%
  • $375M minimum liquidity covenant
  • Renesas forward equity 16.9M shares pending regulatory approval

Cohort companies.json — WOLF entry (id=15) and EV ecosystem entries

internal-synthesis macro-analyst 2026-05-03
  • Substrate share collapse (>60% to ~34%) as primary risk factor
  • Chinese competition (TanKeBlue, SICC) as structural risk
  • European auto OEM exposure (BMW, Mercedes, VW, Porsche) as proxy for EUR FX revenue concentration

Cohort synthesis (semiconductor-industry)

internal-synthesis macro-analyst 2026-05-03
  • WOLF -2 sentiment as cohort cautionary tale on structural-transition unequal outcomes
  • Chinese substrate competitors (TanKeBlue, SICC) cited as direct share-takers
  • EV-to-AI 800V supply-chain crossover thesis defining the bull setup that WOLF is failing to capture

Macro background — rates, FX, regime context

general-knowledge macro-analyst 2026-05-03
  • US 10y around 4-4.5% / Fed funds 3.75-4.25% / DXY mid-100s as current-regime assumption
  • WOLF capital-stack post-restructuring: $4.6B debt eliminated, $575M refinance May 2026, $750M CHIPS in negotiation (cross-ref id=6, id=9, id=13)
  • Auto-loan rate environment 2023-2026 suppressing US/EU EV unit demand
  • Chinese yuan weakness amplifies competitive pressure from Chinese substrate makers in third-country bids

Motley Fool — Wolfspeed Q2 FY2026 Earnings Call Transcript

earnings-call financial-analyst 2026-05-03 fool.com
  • Q2 FY26 revenue $168M (Power $118M, Materials $50M); Mohawk Valley ~$75M
  • Q2 FY26 non-GAAP gross margin -34%; $48M underutilization, $39M fresh-start, $14M inventory reserves
  • Q2 FY26 OCF -$43M; capex $31M (vs ~$400M comp)
  • Cash + short-term investments $1.3B (incl. $698.6M Section 48D refund)
  • Net debt ~$600M post-emergence
  • Q3 FY26 guide: revenue $140-160M, gross margin to remain negative
  • AI datacenter +50% QoQ, doubled over last three quarters
  • Toyota BEV onboard charging design win
  • $1.1B fresh-start gain (debt forgiveness $3.7B less asset adjustments $2.6B)
  • Refinanced $175M first lien with tax-credit proceeds; converted $18M of 2L to equity

STMicroelectronics 2025 results (peer comp)

peer-filing financial-analyst 2026-05-03 stocktitan.net
  • STM 2025 revenue $11.8B, net profit $299M
  • STM gross margin compressed 37.1% to 29.3%
  • STM operating margin 2.7%
  • Reference for power-semi peer margin profile

StockAnalysis.com — Wolfspeed Cash Flow Statement (FY23-FY25, TTM)

financial-data financial-analyst 2026-05-03 stockanalysis.com
  • FY23/FY24/FY25 OCF: -$143M / -$726M / -$712M; TTM -$574M
  • FY23/FY24/FY25 Capex: -$950M / -$2.27B / -$1.27B; TTM -$938M
  • FY23/FY24/FY25 FCF: -$1.09B / -$3.00B / -$1.98B; TTM -$1.51B
  • FY23/FY24/FY25 SBC: $73M / $85M / $73M (~9-10% of revenue)
  • FY23/FY24/FY25 Net income: -$330M / -$864M / -$1.61B

Wolfspeed FY2025 10-K — customer concentration disclosure

sec-filing customer-analyst 2026-05-03 sec.gov
  • 2 customers each >10% of consolidated revenue in FY25
  • Top-2 customers combined: 37% of revenue (37% FY24, 36% FY23) — flat trend
  • Customer names not separately disclosed; Note 15 Concentrations of Credit Risk reference

Wolfspeed Q1 FY26 Earnings Release (Oct 29 2025)

company-filing supply-chain-analyst 2026-05-03 s29.q4cdn.com
  • Q1 FY26 consolidated revenue $197M; Mohawk Valley $97M (+98% YoY)
  • $47M underutilization charge in Q1 FY26 (vs $26M prior year quarter)
  • Non-GAAP gross margin -26%
  • Q2 FY26 revenue guidance $150-190M (sequential decline)

Wolfspeed Q3 FY2025 Earnings Release (May 8, 2025)

company-filing customer-analyst 2026-05-03 s29.q4cdn.com
  • Q3 FY25 revenue $185.4M (down from $200.7M YoY)
  • Power Devices $97M, sequentially down on weaker I&E demand
  • $5.8B design-in pipeline disclosure (unbinding planning forecasts, not RPO)
  • Mohawk Valley revenue $78M vs $28M YoY