Wolfspeed (WOLF) reported a second-quarter fiscal 2024 non-GAAP loss of 55 cents per share, narrower than the Zacks Consensus Estimate of a loss of 63 cents per share but broader than the year-ago quarter’s loss of 11 cents per share.Revenues of $208.4 million increased 20% year over year and beat the consensus mark by 1.19%. Mohawk Valley Fab contributed $12 million in revenues in the reported quarter.Power Products accounted for 51.7%, while Materials Products contributed 48.3%. Power Products revenues in ...

Yes. So I think, Jed, what that means that there's no real change to the outlook right now. The key driver here, as we have talked about, is just ramping the revenue to $100 million by December quarter coming out of Mohawk Valley. And clearly, the inventory that we see coming out of Durham and Building 10, gives us good strength and good confidence that we'll have an available number of substrates to go drive that revenue through. So it will really be about how quickly can we get that throughput through the ...

Wolfspeed (WOLF) came out with a quarterly loss of $0.55 per share versus the Zacks Consensus Estimate of a loss of $0.63. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.70%. A quarter ago, it was expected that this maker of energy-efficient lighting would post a loss of $0.68 per share when it actually produced a loss of $0.53, delivering a surprise of 22.06%.Over the last four quarters, the ...

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the second quarter of fiscal 2024. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the second quarter of fiscal 2023) Consolidated revenue of $208.4 million, compared to $173.8 million Mohawk Valley Fab contributed $12 million in revenue, a 3x increase from the prior quarter Power device design-ins of $2.1 billion Quarterly record design-wins of $2.9 billion - over 75% re ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 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 of registrant as specified in ...

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today announced the expansion of an existing long-term silicon carbide wafer supply agreement with a leading global semiconductor company. The expanded agreement, which is now worth approximately $275 million in total, calls for Wolfspeed to supply the company with 150mm silicon carbide bare and epitaxial wafers, reinforcing both companies’ visions for an industry-wide transition from silicon to sil ...

Wolfspeed (WOLF) and Infineon Technologies AG recently announced an extension and expansion of their long-term 150-millimeter (mm) silicon carbide wafer supply agreement, originally established in February 2018.The strategic move will help address the escalating demand for silicon carbide (SiC) semiconductor products. The partnership also incorporates a multi-year capacity reservation agreement.Silicon carbide, with its ability to enable smaller, lighter and more cost-effective designs, has become pivotal i ...

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fiscal second quarter 2024 results on Wednesday, January 31st, 2024, at 5:00 pm Eastern Time. The call will be hosted by Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed’s Investor Relations web ...

mesh cubeIn our previous analysis, we anticipated Wolfspeed, Inc.'s (NYSE:WOLF) revenues to sustain a CAGR of approximately 45% due to the company's focus on expanding manufacturing facilities for SiC materials and wafers. However, considering projected supply growth surpassing demand, despite state and US CHIPS Act subsidies for manufacturing facilities, we foresee Wolfspeed maintaining a cash flow negative status. In this analysis, we covered the company again as its revenue growth had slowed down bel ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 24, 2023 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 of registrant as specified in its charter) Nort ...