jiefeng jiang
In this analysis of Wolfspeed, Inc. (NYSE:WOLF), we examine the company following its strong growth in Q4 2022 of 42.0% YoY and following its announcement of its capacity expansion in Chatham County, North Carolina. We examine the
Wolfspeed: Superb 45% Revenue Growth
Summary
- Following Wolfspeed's announcement of its expansions to its SiC production facilities, we estimate its revenue (supply) in FY2026 to be about $4.59 bln.
- Based on our revenue projections by SiC materials and devices, we forecasted its revenue growth to have an average of 45% through 2026.
- However, we expect it to remain cash flow negative with an average FCF margin of -79.3% despite improving with government incentives.
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of WOLF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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