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Wolfspeed Inc (NYSE: WOLF) is a U.S.-based developer and manufacturer of wide-bandgap semiconductors, specializing in silicon carbide (SiC) and gallium nitride (GaN) materials and devices for power and radio-frequency applications. Formerly known as Cree, Inc., Wolfspeed provides substrate and device fabrication from its Silicon Carbide Corridor in the United States, serving markets that include electric vehicles, renewable energy, industrial power supplies, and wireless systems.
Corporate Structure
Headquartered in Durham, North Carolina, Wolfspeed employs between 1,001 and 5,000 people worldwide. The company’s portfolio includes SiC material, power modules, discrete power devices, and power die products. As a leader in SiC technology, Wolfspeed holds over 6,000 patents.
Silicon Carbide by vackground.com
Recent Developments and News
On September 29, 2025, Wolfspeed filed a Form 8-K to disclose material corporate events and a Form 25-NSE notifying the removal of its common stock from listing and registration on the New York Stock Exchange following the maturity, redemption, or retirement of those securities. In a LinkedIn announcement dated September 2025, the company confirmed the completion of its strategic restructuring process, resulting in a reorganization of its leadership team and an improved capital structure to support long-term growth.
On September 30, 2025, Wolfspeed’s share price closed at $29.05, up 31.45% from the prior trading day, on a volume of 1,828,041 shares.
Financial and Strategic Analysis
Wolfspeed’s trailing-twelve-month revenue was $757.6 million, with a net loss of $1.61 billion, resulting in a profit margin of –212.41%. As of its most recent quarter, the company held $1.06 billion in cash and equivalents. Its enterprise value was $5.68 billion, while market capitalization stood at $3.458 billion. Analysts maintain an investment rating of SELL, with price targets ranging from $0.50 to $1.00 per share.
| Metric | Value |
|---|---|
| Revenue (TTM) | $757.6 M |
| Net Income (TTM) | –$1.61 B |
| EPS (TTM) | –208.03 |
| Profit Margin (TTM) | –212.41% |
| Cash & Equivalents (MRQ) | $1.06 B |
| Market Cap (intraday) | $3.458 B |
| Enterprise Value | $5.68 B |
| Price/Sales (TTM) | 0.23 |
| Analyst Rating | SELL |
| Price Targets | $0.50 – $1.00 |
Strategically, Wolfspeed is focused on reducing debt through its restructuring and reallocating resources toward core SiC operations and research and development. The company continues to explore opportunities in the electric vehicle and renewable-energy supply chains, where demand for SiC-based power devices is expected to persist.
Market Position and Industry Context
Wolfspeed is positioned as a prominent entity in the adoption of silicon carbide technology, competing with other wide-bandgap semiconductor suppliers within an industry influenced by electrification and energy-efficiency trends. Its integrated manufacturing corridor in the U.S. provides a domestic supply chain advantage amid geopolitical and logistical uncertainties. Wolfspeed’s solutions are designed to meet performance requirements for high-voltage, high-temperature, and high-frequency applications, allowing the company to target market share as industries transition from silicon to SiC and GaN devices.
tl;dr
On September 29, 2025, Wolfspeed completed a strategic restructuring, filed an 8-K and Form 25-NSE to remove its common stock from the NYSE, and reorganized its leadership. The following day, shares rose to $29.05, representing a 31.45% increase. The company plans to accelerate its SiC growth strategy to meet demand in electric vehicles, renewable energy, and industrial power markets.
