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Wolfspeed (WOLF) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 6, 2026
Wolfspeed (WOLF) reported revenue of $168M for the second quarter fiscal 2026 (Q2 FY26), -7% from a year earlier and -14% from the quarter before. Operating margin was -94.0%, net loss $151M (89.4% of revenue).
Wolfspeed, Q2 FY26: revenue $168M (-7% year over year), operating margin -94.0%, net loss $151M, operating cash flow −$42.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $168M | -14% | -7% |
| Operating profit | −$158M | — | — |
| Net earnings | −$151M | — | — |
| Operating cash flow | −$42.6M | -847% | — |
What changed
Revenue was $168.5M in Q2 FY26, down 7% year over year and down 14% from the previous quarter. Power Products was the largest line at 70% of revenue. Materials Products lost $39.5M year over year (down 44%), 329% of the total change.
Operating costs exceeded revenue by $158.4M, an operating margin of -94.0%. Total costs fell 35% while revenue fell 7%. The fastest-growing cost line was Cost of revenue (+13%). The quarter ended with a net loss of $150.6M, narrower than the previous quarter's $643.6M loss.
Operating cash flow was −$42.6M. Non-cash charges added back $37.4M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items added $63.0M. Capital expenditures of $30.0M exceeded it, leaving free cash flow of −$72.6M.
Questions
What was Wolfspeed's revenue in the second quarter fiscal 2026?
Wolfspeed (WOLF) reported revenue of $168M for the second quarter fiscal 2026 (Q2 FY26), -7% from a year earlier and -14% from the quarter before.
Was Wolfspeed profitable in the second quarter fiscal 2026?
Operating loss was $158M (-94.0% of revenue) and net loss $151M.
Source: Wolfspeed 10-Q on SEC EDGAR.