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WOLF
ACCE-researched

Wolfspeed Inc. Common Stock New (WOLF) fair value

Technology · Semiconductors · NYSE · United States
$22.93+1.33%
Market cap $1.2BNext earnings 2026-11-04Updated Oct 17, 2026
Add earnings to calendarGoogle
Our verdict
Trades 363% above our fair value
Price
$22.93
Model fair valueConfidence: low
about $4.95
Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Valued as a cyclical company: Discounted cash flow and Graham number.
ACCE opinionWolfspeed Inc. Common Stock New (WOLF)
Fair value
Not available
ACCE price target
$22.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST; previously $35.00 since 3 Oct 2026, 00:00 CEST.
Price used: $22.93 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
18
out of 100
Analysts
0% buy
2 covering
P/E
0.0x
forward 714.3x
1-year return
-22.5%
Dividend yield
0.00%

Wolfspeed Inc. Common Stock New in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Wolfspeed makes silicon carbide materials and power devices for electric vehicles, renewable energy and industrial systems. It is one of the few vertically integrated suppliers, from substrate to chip. The driver is the ramp of its large new wafer fab and demand from carmakers. Revenue fell 24.1% and the gross margin is -28.2%, so reaching positive margins is the central question.

AI-assisted·How I use AIWritten Oct 14, 2026
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
  • severe
    Negative free cash flow and deteriorating profitability
    FCF of -$380M, gross margin -28.2%, operating margin -31.6%. Company is burning cash while unprofitable.
  • severe
    Revenue collapse and leverage
    Revenue down 24.1% YoY, down 10.9% QoQ. Debt/Equity 1.93 with negative FCF creates refinancing risk.
  • high
    Extreme valuation disconnect
    Forward P/E 714.3 on near-zero earnings. Fair value range $12-$65 is very wide; current price $30.61 sits mid-range despite deterioration.
  • high
    High short interest and institutional selling
    Short interest 28.9%, institutional ownership +137.2% (likely passive index inclusion). Suggests crowded short and weak fundamental conviction.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Five-year revenue growth of 4.8% per year shows the core business has expanded despite current headwinds.
Why it could disappoint
  • Revenue collapsed 24.1% year over year with net margin of only 0.7%, indicating severe operational distress.
  • Negative free cash flow of $380M and a forward P/E of 714.3x signal the stock is priced for a recovery that may not materialize.
  • Debt to equity of 1.93 combined with negative cash flow and 9.7% share dilution leaves little financial flexibility.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 4, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where WOLF's valuation models land
Price
$22.93
Model fair valueConfidence: low
about $4.95
Model
Fair value
Upside
Discounted cash flow
Graham number
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bearish0% buy · 2 covering analysts
● Strong buy 0● Buy 0● Hold 2● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
-1.2%
1 month
-15.5%
3 months
-0.7%
6 months
-26.6%
YTD
+31.7%
1 year
-22.5%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
15 Oct 2026, 00:00 CESTACCE price target$22.00$35.00$24.58
3 Oct 2026, 00:00 CESTACCE price target$35.00first publication$35.28

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth7Value29Quality20Momentum17Total18
Valuation
Trailing P/E
0.0x
Forward P/E
714.3x
PEG
2.55
P/B
1.54x
EV / Revenue
2.8x
Book value/sh
$17.83
Enterprise value
$2.1B
Profitability
ROE
1.8%
FCF yield
-29.14%
ROIC
0.1%
Health and risk
Debt / equity
1.93
Dividend yield
0.00%
Beta
no data

Price

-22.5% · 1Y

Ask anything about WOLF

Answered from Wolfspeed Inc. Common Stock New fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 100% of peers
low 0.0x0.0xhigh 821.8x
ROEbetter than 20% of peers
low 1%2%high 17%
Div yieldbetter than 50% of peers
low 0.0%0.0%high 3.5%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
WOLF Wolfspeed Inc. Common Stock New$22.93---1.8%2018
6963.T ROHM Co., Ltd.¥3758.00----4558
SITM SiTime Corporation Common Stock$462.72--821.8x1.3%5946
MTSI MACOM Technology Solutions Holdings Inc. Common Stock$229.73--75.2x17.2%7860
TSEM Tower Semiconductor Ltd. Ordinary Shares$167.71$59184% above66.2x10.0%7055
SWKS Skyworks Solutions Inc. Common Stock$82.39$9715% below42.7x5.1%6755
GFS GlobalFoundries Inc. Ordinary Shares$43.37$455% below34.7x6.2%6346

Sector report card

Where WOLF ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Oct 15, 2026
    Wolfspeed, Inc. Announces Date of Fiscal First Quarter Earnings Call for November 4, 2026
  • Business Wire•Oct 15, 2026
    Infineon and Wolfspeed Expand and Extend Long-Term Silicon Carbide Wafer Supply Agreement to Include 200 mm
  • Business Wire•Oct 7, 2026
    Wolfspeed Announces Conditional 30-Year, $1.5 Billion Loan Commitment from U.S. Department of War to Advance Domestic Wide Bandgap Supply Chain
4 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 19
Form 4Insider transactionPeriod 2026-10-15
View on SEC →
Oct 19
Form 4Insider transactionPeriod 2026-10-15
View on SEC →
Oct 19
Form 4Insider transactionPeriod 2026-10-15
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR