Back to News
May 6, 2026 4:00 PM

Wolfspeed Stock Surges Despite Weak Q3 Financials

Wolfspeed Inc (NYSE:WOLF) shares are bouncing on Wednesday after getting hit hard yesterday when the company posted a weak fiscal third quarter and issued soft guidance for the fourth quarter.

Wolfspeed stock is challenging resistance. What’s driving WOLF to record levels?

Today's move looks like a classic rebound: the stock sold off on the headline numbers, and now traders are stepping back in as the dust settles.

The Setup: A Bad Quarter Yesterday, A Relief Move Today

The company reported a third-quarter loss of $3.26 per share, much deeper than the $2.02 loss analysts expected and far worse than the 72 cent loss in the same quarter last year. Revenue came in at $150.2 million, well below the $194.8 million consensus and down nearly 19% ...