Wolfspeed stock gained 13.19 percent on October 2
Published on 10/05/2026 at 13:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Wolfspeed stock (ISIN US97785W1062) gained 13.19 percent to USD 35.28 on the NYSE on October 2, 2026. The latest company outlook calls for first-quarter fiscal 2027 revenue of USD 140 million to USD 160 million and negative non-GAAP gross margin, according to Investing.com.
Revenue falls as AI demand expands
Wolfspeed reported fiscal 2026 revenue of USD 665.1 million, down from USD 757.6 million in fiscal 2025, while net income from continuing operations was USD 4.4 million. The figures cover the fiscal year ended June 28, 2026, according to Moomoo.
The latest quarter was weaker on sales but better on the earnings comparison. Wolfspeed reported revenue of USD 149.6 million and a quarterly EPS loss of USD 2.26, versus a consensus loss of USD 2.45, while revenue declined 24.1 percent year over year, according to MarketBeat.
Guidance keeps margins under pressure
The fiscal 2027 first-quarter revenue range of USD 140 million to USD 160 million sits below the USD 149.6 million reported for the latest quarter at its midpoint only marginally, while the negative gross-margin outlook keeps factory utilization central to the investment case. The same outlook also calls for non-GAAP operating expenses of USD 62 million to USD 66 million, as reported by Investing.com.
Five analysts set a Hold consensus
Five brokerages give Wolfspeed a Hold consensus, consisting of one Buy, three Hold ratings and one Sell rating. Their average 12-month price target is USD 25.00, according to MarketBeat. Susquehanna previously cut its target from USD 40.00 to USD 30.00 and assigned a Neutral rating on July 21, 2026, adding a cautious counterweight to the stock's recent advance.
Upcoming dates for Wolfspeed stock
Wolfspeed's annual meeting is scheduled for October 27, 2026, according to Moomoo. Investing.com lists October 28, 2026, as the next earnings date.
Wolfspeed stock stays below its yearly high
Wolfspeed stock stood at USD 35.28 on the NYSE on October 2, 2026, with a 52-week range of USD 13.48 to USD 80.82 and volume of 7,337,058 shares. Its market capitalization was USD 1.8 billion on that date.
Wolfspeed stock key facts
- Company: Wolfspeed, Inc.
- ISIN: US97785W1062
- Ticker: WOLF
- Trading venue: NYSE
- Closing price (October 2, 2026): USD 35.28
- Market capitalization: USD 1.8 billion (as of October 2, 2026)
- 52-week range: USD 13.48-80.82 (as of October 2, 2026)
- Sector / Industry: Technology / Semiconductors
Upcoming dates for Wolfspeed stock
- October 27, 2026: Annual meeting of stockholders
- October 28, 2026: Next earnings date
