Wolfspeed (WOLF) Soars to All-Time High as Losses Slashed

Wolfspeed Inc. (NYSE:WOLF) is one of the 10 Stocks With Stunning Gains.

Wolfspeed rallied for a 6th consecutive day on Tuesday to reach a fresh all-time high, as investors resumed buying positions after posting improved earnings in the third quarter of fiscal year 2026.

In intra-day trading, the stock climbed to its highest price of $53.98 before trimming gains to end the session just up by 6.78 percent at $53.72 apiece.

Wolfspeed’s Silicon Carbide 200mm semiconductor wafer. Photo from Wolfspeed

In an updated report, Wolfspeed Inc. (NYSE:WOLF) said that it slashed its net losses by 58 percent in the three months ending March 2026, at $119.9 million versus $285.5 million in the same period last year.

Revenues declined by 18.9 percent to $150.2 million from $185.4 million year-on-year, but fell within its earlier guidance of $140 million to $160 million.

CEO Robert Feurle said that Wolfspeed Inc. (NYSE:WOLF) continued to make meaningful progress against its priorities, improving long-term growth trajectory and financial flexibility to execute strategic priorities.

Looking ahead, the company expects to generate revenues of $140 million to $160 million for the fourth quarter ending June 2026, or a decline of 18.8 percent to 29 percent from the $197 million posted in the same comparable period.

Operating expenses are projected to remain flat on a quarter-on-quarter basis, while gross margins are expected to end in the red.

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