WOLFSPEED, Inc. (WOLF) intrinsic value & 10-year financials
WOLFSPEED, Inc. (WOLF) has a Graham intrinsic value of $75.27 per share. At $23.22 on Oct 17, 2026, the stock trades 69% below that value. Over the last 10 fiscal years revenue shrank 8.1% a year to $757.6M, with an average return on invested capital of -12.6%.
- Graham intrinsic value
- $75.27
- Share price (Oct 17, 2026)
- $23.22
- Price vs Graham value
- 69% below
- Market cap
- $3.3B
- Revenue (FY2025)
- $757.6M
- Revenue growth (10-yr CAGR)
- -8.1%
- ROIC (10-yr avg)
- -12.6%
- Free cash flow (FY2025)
- -$2.0B
WOLF 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $757.6M | -$1.6B | -$11.39 | -$2.0B | -175.4% | -14.3% |
| FY2024 | $807.2M | -$864.2M | -$6.88 | -$3.0B | -55.2% | -14.6% |
| FY2023 | $921.9M | -$329.9M | -$2.65 | -$1.1B | -41.3% | -37.4% |
| FY2022 | $746.2M | -$200.9M | -$1.67 | -$799.1M | -33.2% | -13.0% |
| FY2021 | $525.6M | -$523.9M | -$4.66 | -$696.0M | -59.7% | -18.4% |
| FY2020 | $470.7M | -$191.7M | -$1.78 | -$266.1M | -44.5% | -13.1% |
| FY2019 | $538.2M | -$375.1M | -$3.62 | $59.9M | -3.0% | -0.8% |
| FY2018 | $924.9M | -$280.0M | -$2.81 | -$18.3M | -35.6% | -13.0% |
| FY2017 | $771.5M | -$98.1M | -$1.00 | $129.0M | -2.4% | -0.8% |
| FY2016 | $1.6B | -$21.5M | -$0.21 | $83.3M | -0.6% | -0.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
WOLFSPEED, INC. is facing top-line stagnation, with revenue contracting over the decade.
WOLFSPEED, INC. has historically struggled to out-earn its cost of capital, averaging just -12.6% ROIC.
WOLFSPEED, INC. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, WOLFSPEED, INC. is modeled at -8.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $75.27 per share.