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. 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. 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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