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Wolfspeed (WOLF) Q3 FY26 earnings results (third quarter fiscal 2026)

10-Q filed May 7, 2026

Wolfspeed (WOLF) reported revenue of $150M for the third quarter fiscal 2026 (Q3 FY26), -19% from a year earlier and -11% from the quarter before. Operating margin was -76.1%, net loss $120M (79.8% of revenue).

Revenue$150M
Year over year-19%
Quarter over quarter-11%
Operating margin-76.1%
Net earnings−$120M

Wolfspeed, Q3 FY26: revenue $150M (-19% year over year), operating margin -76.1%, net loss $120M, operating cash flow −$83.8M. The chart follows the revenue to costs, profit and cash.

Q3 FY26AmountQ/QY/Y
Revenue$150M-11%-19%
Operating profit−$114M——
Net earnings−$120M——
Operating cash flow−$83.8M——

What changed

Revenue was $150.2M in Q3 FY26, down 19% year over year and down 11% from the previous quarter. Power Products was the largest line at 67% of revenue. Materials Products lost $27.8M year over year (down 36%), 79% of the total change.

Operating costs exceeded revenue by $114.3M, an operating margin of -76.1%. Total costs fell 30% while revenue fell 19%. The quarter ended with a net loss of $119.9M, narrower than the previous quarter's $150.6M loss.

Operating cash flow was −$83.8M. Non-cash charges added back $30.9M of depreciation and amortization and $10.3M of share-based compensation. Working capital and other items used $5.1M. Capital expenditures of $37.8M exceeded it, leaving free cash flow of −$121.6M.

Questions

What was Wolfspeed's revenue in the third quarter fiscal 2026?

Wolfspeed (WOLF) reported revenue of $150M for the third quarter fiscal 2026 (Q3 FY26), -19% from a year earlier and -11% from the quarter before.

Was Wolfspeed profitable in the third quarter fiscal 2026?

Operating loss was $114M (-76.1% of revenue) and net loss $120M.

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Source: Wolfspeed 10-Q on SEC EDGAR.