A wire stripper includes a housing and a bushing coupled to the housing and having a tooth engageable with a wire for stripping an insulation jacket therefrom. The wire stripper also includes a drive mechanism configured to rotate the bushing about a longitudinal axis. The wire stripper also includes a depth adjustment mechanism arranged in the housing along the longitudinal axis. The depth adjustment mechanism includes a depth stop member and a telescoping shaft to which the depth stop member is coupled. The telescoping shaft is configured to telescope within the housing as the depth stop member moves between a first position, in which a first distance is defined between the depth stop member and the tooth, and a second position, in which a second distance is defined between the depth stop member and the tooth. The first distance is greater than the second distance.