Wolfspeed Hits $53.98 as Wolf Stock Extends Six-Day Rally

Wolf stock hit a fresh all-time high on Tuesday, climbing to $53.98 in intraday trading before ending the session at $53.72 after a sixth consecutive day of gains. The move followed Wolfspeed’s third-quarter report, where the chipmaker cut its net loss and kept revenue within its earlier range.

Wolfspeed said it reduced its net loss by 58% in the three months ending March 2026 to $119.9 million from $285.5 million a year earlier. Revenue fell 18.9% to $150.2 million from $185.4 million, but the company still landed inside its prior guidance of $140 million to $160 million.

Feurle’s Priorities Drive

Robert Feurle said Wolfspeed continued to make meaningful progress against its priorities, improving long-term growth trajectory and financial flexibility to execute strategic priorities. The quote fits the trading pattern: buyers kept pressing the stock higher even as sales declined, suggesting the quarter’s narrower loss carried more weight than the top-line drop.

That combination is the tension in the report. Wolfspeed is still losing money and revenue is shrinking, yet the scale of the loss improvement gave the market enough to push the shares to an all-time high.

June 2026 Revenue Range

Wolfspeed expects revenue of $140 million to $160 million for the fourth quarter ending June 2026, implying a decline of 18.8% to 29% from the $197 million posted in the same comparable period. Operating expenses are projected to remain flat quarter on quarter, while gross margins are expected to end in the red.

For investors, that leaves the valuation debate tied to execution rather than a clean recovery in sales. If Wolfspeed keeps narrowing losses while staying inside guidance, Tuesday’s move shows the stock can keep attracting buyers even before revenue turns higher.