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 (WOLF) delivered earnings and revenue surprises of 21.43% and 4.22%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Wolfspeed (WOLF) Reports Q2 Loss, Misses Revenue Estimates

Shares of Wolfspeed Inc. fell about 6% in after-hours action Wednesday after the semiconductor company fell short with its revenue and forecast for the current quarter.

Wolfspeed whiffs on sales and forecast, and its stock is falling

DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the second quarter of fiscal 2023.

Wolfspeed Reports Financial Results for the Second Quarter of Fiscal Year 2023

DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, announced today that Stacy Smith has been appointed to the Company's Board of Directors, effective January 23, 2023. Mr. Smith is the Executive Chairman of Kioxia Corporation (formerly Toshiba Memory Corporation), a leading flash memory company, and Non-Executive Chair of the Board at Autodesk, Inc., a global leader in design and make technology.

Wolfspeed Appoints Stacy Smith to Board of Directors

U.S. power chip maker Wolfspeed Inc is planning to build a factory in Germany for more than 2 billion euros ($2.17 billion), Handelsblatt reported on Saturday.

Wolfspeed plans multi-billion dollar chip factory in Germany - Handelsblatt

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 second quarter fiscal 2023 results and business outlook on January 25, 2023, at 5:00 p.m. Eastern Time.

Wolfspeed, Inc. to Report Second Quarter Fiscal 2023 Earnings on January 25, 2023

The mean of analysts' price targets for Wolfspeed (WOLF) points to a 31.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 31.08% Upside in Wolfspeed (WOLF): Here's What You Should Know

DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced the promotion of Elif Balkas to Chief Technology Officer, succeeding the late Dr. John Palmour, a co-founder of Wolfspeed.

Wolfspeed Appoints Elif Balkas as New Chief Technology Officer

DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF) today announced the company will be supplying Silicon Carbide devices to power future Mercedes-Benz® Electric Vehicle (EV) platforms, enabling greater efficiency in the powertrain. Wolfspeed's semiconductors will be incorporated into next generation powertrain systems for several Mercedes-Benz vehicle lines.

Wolfspeed Silicon Carbide Devices Power Future Mercedes-Benz Electric Vehicle Platforms

DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production, today announced that members of its senior management team will present at the following investor conference:

Wolfspeed to Participate in Upcoming Investor Conference

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DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced the expansion of an existing multi-year, long-term Silicon Carbide wafer supply agreement, now worth approximately $225 million, with a leading power device company. The expanded agreement calls for Wolfspeed to supply the company with 150 mm Silicon Carbide bare and epitaxial wafers, reinforcing the company's vision for an industry-wide transition from silicon to Silicon Carbide semiconductor power devices.

Wolfspeed Expands and Extends Silicon Carbide Wafer Supply Agreement with a Leading Global Semiconductor Company

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DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced its sponsorship of the FIRST® Robotics Competition , a hands-on STEM (Science, Technology, Engineering, and Math) program that combines the excitement of athletics with the rigors of science and technology for high school students. This sponsorship builds upon the company's relationship with FIRST Robotics Competition, with Wolfspeed first announcing a $25,000 donation in November 2019 to the SUNY Poly Foundation to provide support for SUNY Polytechnic Institute FIRST® (For the Inspiration and Recognition of Science and Technology) teams and the Muccbots, a team in Utica, New York.

Wolfspeed Partners with FIRST to Sponsor Robotics Competitions in North Carolina, California, Arkansas, and Arizona

Wolfspeed, Inc. is down around 23% YTD. We believe the stock is a high-reward high-risk stock. We're bullish on the stock as we expect the demand tailwinds for Silicon Carbide content for EVs, Wolfspeed's specialty, to drive growth going forward.

Wolfspeed: Joining The Pack

As the title suggests, the stock of silicon-carbide semiconductor company Wolfspeed is not for the faint of heart. I say that because the company is suffering growing pains: it is not yet profitable and cannot satisfy demand.

Wolfspeed Is Not For Little Red Riding Hood

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DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed”) today announced the pricing of $1,525.0 million aggregate principal amount of its 1.875% Convertible Senior Notes due 2029 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $1,300.0 million aggregate principal amount of notes. In addition, Wolfspeed has granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date on which the Notes are first issued, up to an additional $225.0 million aggregate principal amount of the Notes.

Wolfspeed Announces Pricing of Upsized $1,525 Million Convertible Senior Notes Offering

BorgWarner

Ready for a double-shot of news? First, BorgWarner (NYSE: BWA ) is making a huge investment in Wolfspeed (NYSE: WOLF ) that's worth hundreds of millions of dollars.

WOLF Stock Alert: What to Know as BorgWarner Invests in Wolfspeed

BorgWarner will participate in Wolfspeed's financing transaction announced earlier today to support Wolfspeed's multi-year capacity expansion plan Access to a dedicated supply of silicon carbide (SiC) devices is significant to BorgWarner's inverter growth plan and Charging Forward objectives Wolfspeed and BorgWarner are also exploring a deeper collaboration for the purpose of accelerating technology development DURHAM, N.C. and AUBURN HILLS, Mich.

BorgWarner to Invest $500 Million in Wolfspeed, Securing up to $650 Million in Annual Capacity for Silicon Carbide Devices

Wolfspeed Inc. WOLF, +5.18% , a maker of silicon carbide and gallium nitride technologies for use in power-switching devices, EVs, 5G and renewable energy among other applications, said Wednesday it is planning to offer $1.3 billion of convertible bonds that mature in 2029. Proceeds will be used to fund capped call transactions that aim to reduce dilution on conversion, as well as for general corporate purposes.

Wolfspeed to offer $1.3 billion of convertible bonds due 2029

DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed”) today announced that it intends to offer, subject to market conditions and other factors, $1,300 million aggregate principal amount of its Convertible Senior Notes due 2029 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, Wolfspeed expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date on which the Notes are first issued, up to an additional $200 million aggregate principal amount of the Notes.

Wolfspeed Announces Offering of $1,300 Million of Convertible Senior Notes

DURHAM, N.C. and LOS ANGELES , Nov. 9, 2022 /PRNewswire/ -- AMP, a global leader in connected energy management and charging technologies for electric mobility, today announced the integration of Wolfspeed's E-Series Silicon Carbide MOSFETs into AMP's Energy Management Unit.

News for Wolfspeed Stock (WOLF)