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.

Chipmaker Wolfspeed got a bullish endorsement from a Wall Street research firm on Tuesday. The post Wolfspeed Called Great Way To Invest In Electric Vehicle Revolution appeared first on Investor's Business Daily.

Wolfspeed Called Great Way To Invest In Electric Vehicle Revolution

Wolfspeed Inc (NYSE:WOLF) is down 1.3% at $115.29 at last glance, pulling back from its premarket gains despite a bull note from Evercore ISI.

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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced it will build a new, state-of-the-art, multi-billion-dollar Materials manufacturing facility in Chatham County, North Carolina. The investment is targeted to generate a more than 10 fold increase from Wolfspeed's current Silicon Carbide production capacity on its Durham campus, supporting the company's long-term growth strategy, accelerating the adoption of Silicon Carbi

Wolfspeed Selects North Carolina for World's Largest Silicon Carbide Materials Facility

U.S. power chip maker Wolfspeed Inc on Friday said it will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles as demand surges.

Chip maker Wolfspeed to build new U.S. factory to meet surging EV demand

Wolfspeed continues to report surging demand with FQ4'22 revenue smashing estimates. The company announced $2.6 billion in quarterly design-in wins and $6.4 billion for the last FY.

Wolfspeed: Full Speed Ahead

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The semiconductor manufacturer posted strong fourth-quarter and full-year financial results.

Why Wolfspeed Stock Popped as Much as 25.2% This Week

Wolfspeed's (WOLF) fourth-quarter fiscal 2022 results reflect rising demand for its silicon carbide required for electronic vehicles.

Wolfspeed (WOLF) Q4 Loss Narrows, Revenues Increase Y/Y

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Why Wolfspeed Stock Was Surging Today

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Why Are Semiconductor Stocks WOLF, ON Up Today?

Wolfspeed Inc (NYSE:WOLF) is soaring today, up 25.7% at $107.66 at last glance, after the semiconductor concern posted narrower-than-expected fiscal fourth-quarter losses per share, a revenue beat, and a strong current-quarter forecast.

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Wolfspeed Stock Surges 29% as Revenue Outlook Tops Forecasts

Wolfspeed Stock Surges 22% as Revenue Outlook Tops Forecasts

Wolfspeed, Inc. (NYSE:WOLF ) Q4 2022 Earnings Conference Call August 17, 2022 5:00 PM ET Company Participants Tyler Gronbach - Vice President, Investor Relations Gregg Lowe - Chief Executive Officer Neill Reynolds - Chief Financial Officer Conference Call Participants Harsh Kumar - Piper Sandler Joe Cardoso - JPMorgan Brian Lee - Goldman Sachs Matt Ramsay - Cowen Colin Rusch - Oppenheimer Ben Harwood - New Street Research Edward Snyder - Charter Equity Research Vivek Arya - Bank of America Amanda Scarnati - Citi Operator Good afternoon. Thank you for standing by, and welcome to the Wolfspeed, Inc. Q4 Full Year 2022 Earnings Call.

Wolfspeed, Inc. (WOLF) CEO Gregg Lowe on Q4 2022 Results - Earnings Call Transcript

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the fourth quarter and full year of fiscal 2022. Quarterly Financial Highlights (all comparisons are to the prior year period, unless otherwise noted. Figures are continuing operations only) Revenue of $228.5 million, compared to $145.8 million GAAP gross margin of 34.5%, compared to 30.0% Non-GAAP gross margin of 36.5%, compared to 32.2% GAAP net loss of $61.8 million, or $0.50 per diluted share, compar

Wolfspeed Reports Financial Results for the Fourth Quarter of Fiscal Year 2022

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 fourth quarter and full year fiscal 2022 results and first quarter fiscal 2023 business outlook on August 17, 2022, at 5:00 p.m. Eastern Time. After the close of the market on August 17, and prior to the conference call, Wolfspeed will issue a copy of the earnings press release via Business Wire. The press release may also

Wolfspeed, Inc. to Report Fourth Quarter Fiscal 2022 Earnings on August 17, 2022

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