Wolfspeed, Inc. (WOLF) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 150.2M | 168.5M | 196.8M | 197M | 185.4M | 180.5M | 194.7M | 200.7M | 200.7M | 208.4M | 197.4M | 202.7M | 192.6M | 173.8M | 189.4M | 228.5M | 188M | 173.1M | 156.6M | 145.8M |
| Revenue Growth % | -18.99% | -6.65% | 1.08% | -1.84% | -7.62% | -13.39% | -1.37% | -0.99% | 4.21% | 19.91% | 4.22% | -11.29% | 2.45% | 0.4% | 20.95% | 56.72% | 36.93% | 36.3% | 35.58% | 34.5% |
| Cost of Goods Sold | 190.2M | 246.8M | 273.9M | 222.7M | 207.9M | 218M | 231.2M | 198.5M | 178.5M | 180.9M | 173M | 144.4M | 133M | 117.7M | 122.2M | 152.6M | 127.4M | 119.7M | 110.8M | 105.6M |
| COGS % of Revenue | 126.63% | 146.47% | 139.18% | 113.05% | 112.14% | 120.78% | 118.75% | 98.9% | 88.94% | 86.8% | 87.64% | 71.24% | 69.06% | 67.72% | 64.52% | 66.78% | 67.77% | 69.15% | 70.75% | 72.43% |
| Gross Profit | -40M | -78.3M | -77.1M | -25.7M | -22.5M | -37.5M | -36.5M | 2.2M | 22.2M | 27.5M | 24.4M | 58.3M | 59.6M | 56.1M | 67.2M | 75.9M | 60.6M | 53.4M | 45.8M | 40.2M |
| Gross Margin % | -26.63% | -46.47% | -39.18% | -13.05% | -12.14% | -20.78% | -18.75% | 1.1% | 11.06% | 13.2% | 12.36% | 28.76% | 30.95% | 32.28% | 35.48% | 33.22% | 32.23% | 30.85% | 29.25% | 27.57% |
| Gross Profit Growth % | -77.78% | -108.8% | -111.23% | -1268.18% | -201.35% | -236.36% | -249.59% | -96.23% | -62.75% | -50.98% | -63.69% | -23.19% | -1.65% | 5.06% | 46.72% | 88.81% | 50.37% | 41.64% | 43.57% | 57.65% |
| Operating Expenses | 64.2M | 80.1M | 84.3M | 555.9M | 172M | 95.5M | 114.5M | 121.6M | 108.3M | 110.2M | 108.2M | 103.9M | 98.1M | 90.1M | 90.3M | 101.4M | 99.6M | 98.2M | 98.9M | 91.7M |
| OpEx % of Revenue | 42.74% | 47.54% | 42.84% | 282.18% | 92.77% | 52.91% | 58.81% | 60.59% | 53.96% | 52.88% | 54.81% | 51.26% | 50.93% | 51.84% | 47.68% | 44.38% | 52.98% | 56.73% | 63.15% | 62.89% |
| Selling, General & Admin | 37M | 29.4M | 37.9M | 91.9M | 41.1M | 51.1M | 62.2M | 61.6M | 55.8M | 64.9M | 64.1M | 58.8M | 55.1M | 50.4M | 50M | 55M | 51.5M | 48M | 49M | 46.6M |
| SG&A % of Revenue | 24.63% | 17.45% | 19.26% | 46.65% | 22.17% | 28.31% | 31.95% | 30.69% | 27.8% | 31.14% | 32.47% | 29.01% | 28.61% | 29% | 26.4% | 24.07% | 27.39% | 27.73% | 31.29% | 31.96% |
| Research & Development | 27.2M | 24.9M | 31.7M | 37.6M | 42.2M | 44.4M | 50.9M | 60M | 52.5M | 45.3M | 44.1M | 43.6M | 42.4M | 39.4M | 40.3M | 48.2M | 48.1M | 50.2M | 49.9M | 45.1M |
| R&D % of Revenue | 18.11% | 14.78% | 16.11% | 19.09% | 22.76% | 24.6% | 26.14% | 29.9% | 26.16% | 21.74% | 22.34% | 21.51% | 22.01% | 22.67% | 21.28% | 21.09% | 25.59% | 29% | 31.86% | 30.93% |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 0 | 0 | 0 | 0 | 1000K | 600K | 300K | 0 | -1000K | 0 | 0 | 0 | 0 |
| Operating Income | -104.2M | -158.4M | -161.4M | -581.6M | -194.5M | -133M | -151M | -119.4M | -86.1M | -82.7M | -83.8M | -45.6M | -38.5M | -34M | -23.1M | -25.5M | -39M | -44.8M | -53.1M | -51.5M |
| Operating Margin % | -69.37% | -94.01% | -82.01% | -295.23% | -104.91% | -73.68% | -77.56% | -59.49% | -42.9% | -39.68% | -42.45% | -22.5% | -19.99% | -19.56% | -12.2% | -11.16% | -20.74% | -25.88% | -33.91% | -35.32% |
| Operating Income Growth % | 46.43% | -19.1% | -6.89% | -387.1% | -125.9% | -60.82% | -80.19% | -161.84% | -123.64% | -143.24% | -262.77% | -78.82% | 1.28% | 24.11% | 56.5% | 50.49% | 26% | 17.95% | 0.38% | 14.17% |
| EBITDA | -73.3M | -121M | -92.1M | -521.2M | -140.6M | -66.3M | -79.9M | -74.1M | -39.1M | -34.1M | -43.7M | -4.5M | -2M | 500K | 10.4M | 6.4M | -8.6M | -11.9M | -18.5M | -19.2M |
| EBITDA Margin % | -48.8% | -71.81% | -46.8% | -264.57% | -75.84% | -36.73% | -41.04% | -36.92% | -19.48% | -16.36% | -22.14% | -2.22% | -1.04% | 0.29% | 5.49% | 2.8% | -4.57% | -6.87% | -11.81% | -13.17% |
| EBITDA Growth % | 47.87% | -82.5% | -15.27% | -603.37% | -259.59% | -94.43% | -82.84% | -1546.67% | -1855% | -6920% | -520.19% | -170.31% | 76.74% | 104.2% | 156.22% | 133.33% | 57.64% | 63.16% | 28.57% | 47.54% |
| D&A (Non-Cash Add-back) | 30.9M | 37.4M | 69.3M | 60.4M | 53.9M | 66.7M | 71.1M | 45.3M | 47M | 48.6M | 40.1M | 41.1M | 36.5M | 34.5M | 33.5M | 31.9M | 30.4M | 32.9M | 34.6M | 32.3M |
| EBIT | -101.3M | -91.4M | -642.8M | -594.6M | -200M | -133M | -151M | -119.4M | -86.1M | -82.7M | -83.8M | -45.6M | -38.5M | -34M | -23.1M | -25.5M | -39M | -44.8M | -53.1M | -51.5M |
| Net Interest Income | -52.1M | -48.4M | 8.2M | -75.8M | -66M | -63.5M | -42.3M | -34.7M | -29.4M | -26.1M | -21.1M | 4.2M | 8.1M | 3.8M | -500K | -4M | -2.3M | -2.9M | -4.1M | -5.9M |
| Interest Income | 0 | 9.6M | 8.9M | 9M | 19.4M | 17M | 22.2M | 26.1M | 30.1M | 38.2M | 40.6M | 20.1M | 22.2M | 11.6M | 4.3M | 4M | 2.8M | 2.4M | 2.6M | 3.3M |
| Interest Expense | 52.1M | 58M | 700K | 84.8M | 85.4M | 80.5M | 64.5M | 60.8M | 59.5M | 64.3M | 61.7M | 15.9M | 14.1M | 7.8M | 4.8M | 8M | 5.1M | 5.3M | 6.7M | 9.2M |
| Other Income/Expense | -16M | 9M | -482.1M | -97.8M | -90.9M | -239.3M | -130.8M | -55M | -62.7M | -43.2M | -39.6M | -45.4M | -44.3M | -38M | 9.1M | -36M | -27.1M | -43.9M | -16.7M | -88.6M |
| Pretax Income | -120.2M | -149.4M | -643.5M | -679.4M | -285.4M | -372.3M | -281.8M | -174.4M | -148.8M | -125.9M | -123.4M | -91M | -82.8M | -72M | -14M | -61.5M | -66.1M | -88.7M | -69.8M | -140.1M |
| Pretax Margin % | -80.03% | -88.66% | -326.98% | -344.87% | -153.94% | -206.26% | -144.74% | -86.9% | -74.14% | -60.41% | -62.51% | -44.89% | -42.99% | -41.43% | -7.39% | -26.91% | -35.16% | -51.24% | -44.57% | -96.09% |
| Income Tax | -300K | 1.2M | 100K | -10.1M | 100K | -100K | 400K | 500K | 100K | 300K | 200K | 200K | 300K | 100K | 100K | 300K | 400K | 8M | 300K | 5.1M |
| Effective Tax Rate % | 0.25% | -0.8% | -0.02% | 1.49% | -0.04% | 0.03% | -0.14% | -0.29% | -0.07% | -0.24% | -0.16% | -0.22% | -0.36% | -0.14% | -0.71% | -0.49% | -0.61% | -9.02% | -0.43% | -3.64% |
| Net Income | -119.9M | -150.6M | -643.6M | -669.3M | -285.5M | -372.2M | -282.2M | -174.9M | -148.9M | -144.7M | -395.7M | -113.3M | -99.5M | -90.9M | -26.2M | 32.4M | -66.5M | -96.7M | -70.1M | -147.6M |
| Net Margin % | -79.83% | -89.38% | -327.03% | -339.75% | -153.99% | -206.21% | -144.94% | -87.14% | -74.19% | -69.43% | -200.46% | -55.9% | -51.66% | -52.3% | -13.83% | 14.18% | -35.37% | -55.86% | -44.76% | -101.23% |
| Net Income Growth % | 58% | 59.54% | -128.07% | -282.68% | -91.74% | -157.22% | 28.68% | -54.37% | -49.65% | -59.19% | -1410.31% | -449.69% | -49.62% | 6% | 62.62% | 121.95% | 38.93% | -16.51% | 61.98% | -273.67% |
| Net Income (Continuing) | -119.9M | -150.6M | -643.6M | -669.3M | -285.5M | -372.2M | -282.2M | -174.9M | -148.9M | -126.2M | -123.6M | -91.2M | -83.1M | -72.1M | -14.1M | -61.8M | -66.5M | -96.7M | -70.1M | -145.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 0 | 0 | 0 | -1000K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.31 | -2.90 | -12.36 | -12.90 | -5.58 | 16.89 | -6.69 | -4.17 | -3.54 | -3.45 | -9.48 | -2.73 | -2.40 | -2.19 | -0.63 | 0.78 | -1.62 | -2.46 | -1.80 | -3.84 |
| EPS Growth % | 94.44% | -117.17% | -84.75% | -209.35% | -57.63% | 589.57% | 29.43% | -52.75% | -47.5% | -57.53% | -1404.76% | -450% | -48.15% | 10.98% | 65% | 120.31% | 43.75% | -9.33% | 64.29% | -255.56% |
| EPS (Basic) | -0.31 | -2.90 | -12.36 | -12.90 | -5.58 | 20.43 | -6.69 | -4.17 | -3.54 | -3.45 | -9.48 | -2.73 | -2.40 | -2.19 | -0.63 | 0.78 | -1.62 | -2.46 | -1.80 | -3.84 |
| Diluted Shares Outstanding | 392.82M | 52.22M | 52.17M | 51.98M | 51.4M | 63.11M | 42.33M | 42.17M | 42.03M | 41.95M | 41.79M | 41.64M | 41.56M | 41.53M | 41.43M | 41.33M | 41.28M | 39.15M | 38.72M | 38.62M |
| Basic Shares Outstanding | 392.82M | 52.22M | 52.17M | 51.98M | 51.4M | 52.17M | 42.33M | 42.17M | 42.03M | 41.95M | 41.79M | 41.64M | 41.56M | 41.53M | 41.43M | 41.33M | 41.28M | 39.15M | 38.72M | 38.62M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |