It has been about a month since the last earnings report for Wolfspeed (WOLF) . Shares have lost about 31.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Wolfspeed due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Wolfspeed Reports Loss in Q4 Earnings, Revenues ...

Wolfspeed (WOLF) shares have underperformed the Zacks Computer & Technology sector and its Zacks Semiconductor - Discretes industry peers Tokyo Electron (TOELY) and Vishay Intertechnology (VSH) on a year-to-date (YTD) basis. While WOLF's shares have plunged 81.3%, the same for Tokyo Electron and Vishay Intertechnology have declined 7.7% and 24.9%, respectively. The broader sector has appreciated 14.5% over the same timeframe. The underperformance can be attributed to the increasing competitive pressure, per ...

JadeThaiCatwalk Back in May, I believed that Wolfspeed, Inc. (WOLF) was showing anything, but progress. Shares fell to fresh lows as anticipated improvements in the results did not materialize, nor come through in the outlook. The transition to become a silicon carbide supplier has gone hand in hand with huge losses and capital spending needs. Despite promising EV developments and touted designed wins, the cold hard financial numbers tell an entirely different situation, as the company is quickly running ou ...

| --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|--------------|------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3alexd/E+ via Getty Images Wolfspeed, Inc. (NYSE:WOLF) has been stuck in neutral for a few years no ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40863 __________________________________________ WOLFSPEED, INC. (Exact name o ...

Wolfspeed (WOLF) reported a fourth-quarter fiscal 2024 non-GAAP loss of 89 cents per share, wider than the Zacks Consensus Estimate of a loss of 84 cents per share but narrower than the year-ago quarter's loss of 36 cents per share. Revenues of $200.7 million decreased 1% year over year but lagged the consensus mark by 0.2%. Mohawk Valley Fab contributed $41 million in revenues in the reported quarter. Power Products accounted for 52.1%, while Materials Products contributed 47.9%. Power Products revenues de ...

Wolfspeed (NYSE:WOLF) just reported results for the fourth quarter of 2024. Wolfspeed reported earnings per share of -89 cents. This was below the analyst estimate for EPS of -85 cents. The company reported revenue of $200.70 million. This was 0.24% worse than the analyst estimate for revenue of $201.19 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share ...

Wolfspeed, Inc. (NYSE:WOLF) Q4 2024 Earnings Conference Call August 21, 2024 5:00 PM ET Company Participants Tyler Gronbach - VP, External Affairs Gregg Lowe - President & CEO Neill Reynolds - CFO Conference Call Participants Brian Lee - Goldman Sachs Harsh Kumar - Piper Sandler Joseph Cardoso - JPMorgan Colin Rusch - Oppenheimer Jed Dorsheimer - William Blair Joshua Buchalter - TD Cowen Joseph Moore - Morgan Stanley Christopher Rolland - Susquehanna Financial Group Operator Good afternoon. Thank you for at ...

Wolfspeed (WOLF) came out with a quarterly loss of $0.89 per share versus the Zacks Consensus Estimate of a loss of $0.84. This compares to loss of $0.42 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.95%. A quarter ago, it was expected that this maker of energy-efficient lighting would post a loss of $0.64 per share when it actually produced a loss of $0.62, delivering a surprise of 3.13%. Over the last four quarters, th ...

Exhibit 99.1 Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2024 Mohawk Valley Momentum Driving 100% Year-over-Year Growth in EV Revenue Mohawk Valley Fab Targeted to Reach 25% Utilization in Q1FY25, One Quarter Ahead of Schedule Company Plans to Accelerate Shift of Device Fabrication to 200mm Mohawk Valley Fab, Assess Timing of Closure of 150mm Durham Device Fab Reducing FY25 net CapEx Spend by $200 Million DURHAM, N.C. August 21, 2024 -- Wolfspeed, Inc. (NYSE: WOLF) today ...