Wolfspeed stock fell 4.96 percent on October 5 after weak revenue

Published on 10/06/2026 at 13:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wolfspeed stock posted USD 149.60 million in Q4 FY2026 revenue, down 24.1 percent year over year. Its October 5 close was USD 33.53 after a 4.96 percent drop.

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Wolfspeed stock (ISIN US97785W1062) fell 4.96 percent to USD 33.53 at the October 5, 2026 close on the NYSE, while the company's latest quarterly revenue showed a sharper operational challenge. For the quarter ended June 28, 2026, Wolfspeed reported USD 149.60 million in revenue, down 24.1 percent from the prior-year quarter, according to MarketBeat.

Revenue remains the central problem

The revenue decline contrasts with the earnings line. Wolfspeed reported an EPS loss of USD 2.26 for Q4 fiscal 2026, compared with the USD 2.45 loss analysts expected, a USD 0.19 improvement versus consensus, according to MarketBeat.

The comparison with the prior-year quarter is less favorable: EPS was a loss of USD 0.77 in that period, while revenue fell from the prior-year level by 24.1 percent. The figures show why a narrower loss did not offset weaker sales for the market.

Analyst target stays below the stock

MarketBeat listed one Buy, three Hold and one Sell rating, producing a consensus Hold from five analysts and an average target of USD 25.00. That target sat below the October 5 NYSE close of USD 33.53, leaving a clear gap between the published consensus and the market price.

Susquehanna had cut its target from USD 40.00 to USD 30.00 and set a Neutral rating on July 21, 2026, while TD Cowen maintained a Hold rating and USD 25.00 target on August 20, 2026, according to MarketBeat. Those dated calls frame execution and revenue recovery as the main valuation test.

Annual meeting adds a dated checkpoint

Wolfspeed's 2026 annual meeting is scheduled for October 27, 2026, at 12:00 p.m. ET in a virtual format, according to the company's proxy filing at SEC. Stockholders are set to vote on seven director seats, an employee stock purchase plan and auditor ratification.

The meeting gives shareholders a defined corporate date, but the financial evidence remains the sharper signal: USD 149.60 million in quarterly revenue, a USD 2.26 EPS loss and a USD 25.00 consensus target against the USD 33.53 close.

Wolfspeed stock stays above its target

Wolfspeed stock closed at USD 33.53 on the NYSE on October 5, 2026, with a 52-week range of USD 13.48 to USD 80.82 and market capitalization of USD 1.8 billion. The stock's next test is whether revenue can stabilize before the October 27 shareholder meeting.