Wolfspeed

Wolfspeed, Inc. is an innovator of Wolfspeed power and radio frequency (RF) semiconductors. Its Wolfspeed product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging inverters, power supplies, telecom and military and aerospace. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter, and John Edmond in 1987 and is headquartered in Durham, NC.

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Wolfspeed reports revenue growth and record design-ins, faces ramping challenges

Wolfspeed's Q3 performance showed revenue growth and record design-ins, but challenges with ramping materials capacity impacted cash burn. Despite this, the company's strengths lie in its strategic vision, strong design-in conversion rate, and confidence in power device growth. Opportunities exist in expanding the silicon carbide market and reaching 20% fab utilization by 2024.

Wolfspeed faces supply chain challenges but sees growth in silicon carbide

Wolfspeed faces challenges with supply chain issues impacting revenue, but strong demand for silicon carbide presents growth opportunities. The company's focus on new facilities and cautious approach to ramp-ups position it for future success.

Wolfspeed reports robust Q3 earnings, eyes growth amid funding challenges

Wolfspeed's Q3 performance reflects strong revenue growth and record design-ins, but challenges in gross margin and cash flow management persist.
Despite these challenges, the company's solid liquidity position, revenue targets for 2024, and focus on capacity expansion present growth opportunities.
Navigating funding needs, operational expenses, and ramping delays will be key focus areas for Wolfspeed to achieve its growth targets and maintain customer loyalty.

Wolfspeed secures $5B for expansion, targets $1B revenue in 2024

Wolfspeed's strong financial position, strategic customer agreements, and focus on silicon carbide technology position them for future growth. Despite challenges in yield and start-up costs, they are making progress in expanding capacity and improving margins. The company's emphasis on R&D and operational efficiency bodes well for their long-term success.

Wolfspeed excels in Q1, anticipates supply-demand mismatch opportunities

Wolfspeed's Q1 2024 performance exceeded expectations, showcasing operational excellence and market demand.
Despite challenges in certain sectors, the company remains confident in its long-term strategy and market position.
Strong focus on capacity expansion, raw materials investment, and optimizing balance sheet to drive growth.
Anticipated supply-demand mismatch presents opportunities for revenue growth and market leadership in silicon carbide.

Wolfspeed reports robust Q2 earnings, eyes EV market growth

Wolfspeed's Q2 performance reflects strong revenue growth and operational improvements, supported by a solid financial position.
While facing challenges with underutilization costs and gross margin expectations, the company is well-positioned to capitalize on long-term demand for silicon carbide devices.
Exciting opportunities in the EV industry and a favorable market environment for materials underscore Wolfspeed's growth potential.
Operational efficiency gains and strategic customer agreements position Wolfspeed for continued success in the semiconductor market.

Wolfspeed reports robust Q3 revenue and design wins, eyes positive EBITDA

Wolfspeed's Q3 showcased strong revenue growth and design wins, but challenges in margins and design wins persist. The company's focus on silicon carbide technology and operational improvements drives confidence. Opportunities lie in positive EBITDA outlook and ramping key projects.

Wolfspeed reports $201M revenue in Q4, focuses on cost optimization

Wolfspeed's Q4 performance reflects strong revenue growth and operational improvements, despite challenges in gross margins. With a focus on cost reduction and profitability enhancement, the company aims to achieve positive EBITDA and operating cash flow by early fiscal 2026.

Wolfspeed restructures for growth, targets $3B revenue, and EV market

Wolfspeed is strategically positioning itself for growth by focusing on operational efficiency, revenue diversification, and cost-saving initiatives. While facing short-term challenges from restructuring efforts, the company aims to capitalize on EV market growth and streamline its operations for profitability.

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Wolfspeed, Inc. is an innovator of wide bandgap semiconductors, focused on silicon carbide and gallium nitride (GaN) materials and devices for power and radio-frequency (RF) applications. Its product families include silicon carbide and GaN materials, power devices and RF devices, and its products are targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter, and John Edmond in 1987 and is headquartered in Durham, NC.

Wolfspeed, the global leader in silicon carbide semiconductors, is poised for super-charged growth due to SiC's superior characteristics over silicon. The company has faced challenges with production delays and an accounting change, but these issues have been resolved. Wolfspeed's production at the Mohawk fab will accelerate in 2024, and funding assistance for the new Saarland fab is expected by the end of 2023.

Wolfspeed: Poised For Supercharged Growth

LOS ANGELES, CA / ACCESSWIRE / September 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm

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LOS ANGELES, CA / ACCESSWIRE / September 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm

The chipmaker's earnings report had a lot of noise and tepid revenue growth. Future design-ins and customer pre-payments show confidence in its future.

Why Wolfspeed Stock Plunged 27.4% in August

LOS ANGELES, CA / ACCESSWIRE / August 25, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

Wolfspeed is jettisoning one of its business units. It will receive a total of approximately $125 million in cash and stock in exchange.

Why Wolfspeed Stock Was a Winner This Week

Wolfspeed touted its ambitious plans to supply the economy with power-efficient silicon carbide chips. Wolfspeed's plan was always risky since building new chip fabs takes years and costs billions of dollars.

Wolfspeed Stock Tanks Again -- It Might Be Time to Move On If You Bought the SiC Hype

LOS ANGELES, CA / ACCESSWIRE / August 23, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

MACOM Technology Solutions Holdings

Wolfspeed (WOLF) agreed to sell its radio frequency business, Wolfspeed RF, to semiconductor products supplier MACOM Technology Solutions (MTSI) for $125 million, the companies announced on Tuesday.

MACOM Buys Wolfspeed's Radio Frequency Business for $125 Million

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Better Buy: Mobileye vs. Wolfspeed

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced that Wolfspeed has entered into a definitive agreement to sell its radio frequency business (Wolfspeed RF) to MACOM Technology Solutions Holdings, Inc. (Nasdaq: MTSI) for approximately $75 million in cash, subject to a customary purchase price adjustment, and 711,528 shares of MACOM common stock, valued at $50 million based on the 30 trading day average for MACOM's common stock through August 21, 2023. The company expec.

Wolfspeed to Sell RF Business to MACOM for $125 Million

Wolfspeed posted a significantly wider-than-expected loss driven by factory start-up costs in its fiscal fourth quarter. Management says they're "pleased" with the silicon-carbine chipmaker's progress and notes the company must stay "keenly focused" on scaling production capacity in the coming year.

Why Wolfspeed Stock Dropped 19% This Week

Wolfspeed posted a mixed Q4 report. It expects its sales growth to decelerate as its near-term expenses rise.

Is It Too Late to Buy Wolfspeed Stock?

Wolfspeed's outlook remained unchanged, but an accounting change spooked investors. Ramping up production at Mohawk Valley remains the #1 issue surrounding the company in the near to medium term. Despite its issues, WOLF remains one of the best ways to play the growth in Silicon Carbide.

Wolfspeed: Accounting Change Spooks Investors, But The Story Hasn't Changed

Wolfspeed Inc. shares dropped Thursday after Wall Street analysts reflected on a confusing quarter from the maker of silicon-carbide chips as it struggles to ramp up contributions from a major fabrication plant.

Wolfspeed's stock sinks as chip maker remains a ‘show-me' story after a confusing quarter

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Wolfspeed's (WOLF) fourth-quarter fiscal 2023 results reflect strong top-line growth, partially offset by contracting gross margin.

Wolfspeed's (WOLF) Loss Widens in Q4, Revenues Increase

Wolfspeed's Q4 report arrived with better-than-anticipated sales but a bigger-than-expected loss. The company's Q1 guidance also targeted a much larger loss than Wall Street had anticipated.

Why Wolfspeed Stock Is Crashing Today

Wolfspeed Inc (NYSE:WOLF) is down 17.9% at $44.20 premarket, following its mixed fiscal fourth-quarter report.

Disappointing Forecast Tears into Wolfspeed Stock

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Wolfspeed, whose chips are used in electric vehicles and clean energy, said that costs of building new factories has been “significant” for facilities that aren't yet generating revenue.

Wolfspeed Stock Falls After Electric Vehicle Chip Maker Disappoints on Guidance

Wolfspeed, Inc. (NYSE:WOLF ) Q4 2023 Earnings Conference Call August 16, 2023 5:00 PM ET Company Participants Tyler Gronbach - Vice President of External Affairs Gregg Lowe - Chief Executive Officer Neill Reynolds - Chief Financial Officer Conference Call Participants Harsh Kumar - Piper Sandler Jed Dorsheimer - William Blair Edward Snyder - Charter Equity Research Blake Friedman - Bank of America Colin Rusch - Oppenheimer Joshua Buchalter - TD Cowen Matthew Prisco - Evercore Natalia Winkler - Jefferies Operator Thank you for joining the Wolfspeed Q4 Fiscal 2023 Results Call. I'd now like to turn the call over to Tyler Gronbach, VP of External Affairs with Wolfspeed.

Wolfspeed, Inc. (WOLF) Q4 2023 Earnings Call Transcript

Wolfspeed (WOLF) came out with a quarterly loss of $0.42 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.02 per share a year ago.

Wolfspeed (WOLF) Reports Q4 Loss, Tops Revenue Estimates

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News for Wolfspeed Stock (WOLF)