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 September 29, 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 __________________________________________ Wolfsnee WOLFSPEED, INC. (Exact name of registrant as spe ...

Wolfspeed's recent quarterly report arrived with some worrying news for investors.Wolfspeed (WOLF -34.21%) stock is crashing in Thursday's trading following the company's recent quarterly report. The chip specialist's share price was down 33.2% as of 1 p.m. ET.After the market closed yesterday, Wolfspeed published results for the first quarter of its current fiscal year, which ended Sept. 29. While the company posted a smaller-than-expected loss in the quarter, sales and forward guidance fell short of Wall ...

Wolfspeed (WOLF) reported a first-quarter fiscal 2025 non-GAAP loss of 91 cents per share, which increased from the year-ago quarter’s loss of 53 cents per share. The figure missed the Zacks Consensus Estimate by 9.90%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $194.7 million decreased 1.4% year over year and lagged the consensus mark by 2.71%. Mohawk Valley Fab contributed $49 million in revenues in the reported quarter.Power Products accounted for 49.9%, while Mater ...

Key TakeawaysShares of Wolfspeed plunged Thursday after the chipmaker posted weaker-than-expected sales and guidance, and announced major job cuts as it moves to simplify its business.The company said it will lay off about 20% of its workforce and shutter two factories.The company took $87.1 million in restructuring charges in its fiscal first quarter of 2025, and expects more than double that amount in the current quarter. Shares of Wolfspeed (WOLF) plunged Thursday after the chipmaker posted weaker-than-e ...

Wolfspeed FY25 Q1 Earnings N O V E M B E R 6 , 2 0 2 4 WOLFSPEED CONFIDENTIAL & PROPRIETARY © 2024 Wolfspeed, Inc. All rights reserved. Wolfspeed® and the Wolfstreak logo are registered trademarks and the Wolfspeed logo is a trademark of Wolfspeed, Inc. . FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES Note on Forward-Looking Statements The schedules attached to this presentation are an integral part of the presentation. This presentation contains forward-looking statements involving risks and uncertaintie ...

Start Time: 17:00 January 1, 0000 5:46 PM ET Wolfspeed, Inc. (NYSE:WOLF) Q1 2025 Earnings Call November 06, 2024, 17:00 PM ET Company Participants Gregg Lowe - President and CEO Neill Reynolds - CFO Tyler Gronbach - VP, External Affairs Conference Call Participants Brian Lee - Goldman Sachs Joe Cardoso - JPMorgan Colin Rusch - Oppenheimer Jed Dorsheimer - William Blair George Gianarikas - Canaccord Genuity Operator Good afternoon. Thank you for attending the Wolfspeed, Inc. Q1 Fiscal Year '25 Earnings Call. ...

Wolfspeed (WOLF) came out with a quarterly loss of $0.91 per share versus the Zacks Consensus Estimate of a loss of $1.01. This compares to loss of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.90%. A quarter ago, it was expected that this maker of energy-efficient lighting would post a loss of $0.84 per share when it actually produced a loss of $0.89, delivering a surprise of -5.95%.Over the last four quarters, the ...

Exhibit 99.1 Wolfspeed Reports Financial Results for the First Quarter of Fiscal Year 2025 Solidifying Capital Structure, Simplifying Business to Accelerate Profitability and Continuing to Build Core Sales Demand Executed Access to Incremental $2.5 Billion in Liquidity via CHIPS, Lenders, Tax Credits Streamlining Business to 200mm Pure Play Yielding $200 Million in Cash Savings DURHAM, N.C. November 6, 2024 -- Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the first quarter of fiscal 2025. Qua ...

Wolfspeed (WOLF) is scheduled to report first-quarter fiscal 2025 results on Nov. 6.For first-quarter fiscal 2025, non-GAAP loss is expected to be between 90 cents and $1.09 per share. The consensus mark for first-quarter fiscal 2025 loss is pegged at $1.01 per share. Wolfspeed reported a loss of 53 cents per share in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Wolfspeed expects first-quarter fiscal 2025 revenues in the range of $185-$215 million. The Zacks ...

The market expects Wolfspeed (WOLF) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...