Slide 1: Wolfspeed FY26 Q4 Earnings
Wolfspeed FY26 Q4 Earnings August 2026 © 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc.
Slide 2: Non-GAAP Measures & Forward Looking Statements
NON-GAAP MEASURES & FORWARD LOOKING STATEMENTS Non-GAAP Financial Measures: This presentation highlights the Company's financial results on both a GAAP and a non-GAAP basis. The GAAP results include certain costs, charges and expenses that are excluded from non-GAAP results. By publishing the non-GA
Slide 3: Focused Strategy Building Momentum – Fiscal 4Q26 Highlights
FOCUSED STRATEGY BUILDING MOMENTUM – FISCAL 4Q26 HIGHLIGHTS Delivered FY26 Q4 revenue of $150 million, in line with guidance midpoint AI data center revenue more than doubled year on year and increased ~20% sequentially Launched fifth-generation SiC MOSFET 10kV MOSFET named “Top Innovation” at PCIM
Slide 4: New Era New Energy: Strategic Objectives
STRATEGIC OBJECTIVES 1. Advance Technology Leadership – by significantly improving the pace of innovation NEW ERA 2. Diversify Revenue & Customer Base – in emerging, mid- and high-voltage verticals and materials NEW ENERGY 3. Drive Operational Excellence – through increased execution rigor in qualit
Slide 5: Continuously Improving Technology Leadership
CONTINUOUSLY IMPROVING TECHNOLOGY LEADERSHIP Launched fifth-generation SiC MOSFET • Running in our highly-automated Mohawk Valley facility – quick conversion from design-in to volume production • Enables more compact traction inverters, extended EV driving range, right-sized battery systems and impr
Slide 6: Application-Focused Go-to-Market Gaining Traction
APPLICATION-FOCUSED GO-TO-MARKET GAINING TRACTION Positioning Wolfspeed for growth as end-market demand accelerates Automotive Industrial & Energy Aerospace & Defense Materials E- ✓ Awarded business from tier 1 ✓ Grew AI data center revenue ✓ Growth supported by mining ✓ Continuing to qualify Europe
Slide 7: FY26 Q4 Financials
FY26 Q4 Financials © 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc.
Slide 8: FY26 Q4 Financial Highlights
FY26 Q4 FINANCIAL HIGHLIGHTS Financial discipline while investing in technology leadership Income Statement Revenue Adj. EBITDA1 Op. Cash Flow & Cash $150M $(62)M $(54)M Flow Balance Cash Gross CapEx Net Debt Sheet $1.1B $5M ~$600M © 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfs
Slide 9: Significantly Improved Balance Sheet & Financial Flexibility in FY26
SIGNIFICANTLY IMPROVED BALANCE SHEET & FINANCIAL FLEXIBILITY IN FY26 SIGNIFICANT TOTAL DEBT REDUCTION1 1400 NO DEBT MATURITY UNTIL 20302 ~$615M US GAAP Liability Reduction ~$35M US GAAP 1200 $1.1B $337 Liability Reduction 1000 $534 2L convertible 2L 800 convertible $798 $756 $636M ~$2.3B ~$1.7B ~$1.
Slide 10: Fiscal 1Q27 Financial Outlook
FISCAL 1Q27 FINANCIAL OUTLOOK Revenue $140 million - $160 million Non-GAAP gross margin1 Expected to remain negative Non-GAAP operating expenses1 $62 million - $66 million © 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered trademarks and the Wolfspeed logo
Slide 11: © 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered
© 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc.
Slide 12: Non-GAAP Reconciliation – Gross Margin
NON-GAAP RECONCILIATION – GROSS MARGIN © 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 12
Slide 13: Non-GAAP Reconciliation – Non-GAAP Operating Expenses
NON-GAAP RECONCILIATION – NON-GAAP OPERATING EXPENSES © 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 13
Slide 14: Non-GAAP Reconciliation – Adj. EBITDA
NON-GAAP RECONCILIATION – ADJ. EBITDA © 2026 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. 14