WOLF
Another quarter, another attempt at the turnaround
Wolfspeed just dropped its third-quarter fiscal 2026 results, and the headline is basically: the company is still in the lab, but at least one part of the experiment is working.
The most interesting bit? AI data center applications grew about 30% sequentially. That’s not “we solved everything” growth, but it does suggest Wolfspeed is finding some traction in a buzzy corner of the market where power efficiency matters a lot.
The product push keeps getting louder
The company also said it launched its first commercially available 10 kV SiC power MOSFET. In plain English: Wolfspeed is trying to be the cool kid supplying the plumbing for grid modernization, industrial electrification, and AI infrastructure.
That matters because the stock story here has always been bigger than one quarter’s numbers. If Wolfspeed can keep landing higher-value designs and build a real customer base around silicon carbide, you get a business with more leverage than a simple component supplier. If not, you’re left with lots of promising jargon and not enough revenue juice.
Why investors are watching
For investors, this is a classic “show me” moment:
- AI demand is giving the company a little momentum
- New product launches could widen its addressable market
- But the market still wants proof that the growth can compound instead of just sounding good in a release
Big picture: Wolfspeed is still trying to prove it can turn technical bragging rights into durable business momentum. The market tends to be patient right up until it isn’t.