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.

Shares of Wolfspeed Inc (NYSE: WOLF) closed more than 10% up after a Goldman Sachs analyst turned bullish on the Durham-based company, which produces specialty semiconductors that are broadly used in electric vehicles. Wolfspeed shares could climb to $108 Brian Lee now rates Wolfspeed at “buy” and has a price objective of $108 a share […] The post Buy this semiconductor stock for a 50% return over the next 12 months appeared first on Invezz.

Buy this semiconductor stock for a 50% return over the next 12 months

An analyst's glowing note shines a light on the specialty chip maker.

Why Wolfspeed Was a Howler of a Stock Today

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Wolfspeed Inc (NYSE:WOLF) stock is up 7% to trade at $67.30 at last check, after Goldman Sachs upgraded it to "buy" from "neutral.

Analyst: Wolfspeed Stock is a "Buy"

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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced the promotion of Rick Madormo to Senior Vice President of Sales and Marketing, succeeding Thomas Wessel, who plans to retire at the end of June. In anticipation of Madormo's promotion, Wolfspeed has hired Owen DeLeon as the company's new Vice President of Sales for the Americas. "For the past four years, Rick has led our Americas sales team, and with his deep experience

Wolfspeed Announces Appointment of New Global Sales and Marketing Leadership

WOLF recently opened a $1.2 billion state-backed factory to produce silicon carbide chips. The components produced from the factory will be used in consumer electronics, electric vehicles, and 5G infrastructure.

Wolfspeed: New Factory Sets Bullish Expectations

DURHAM, N.C. & SAN DIEGO--(BUSINESS WIRE)--Rhombus Energy Solutions, a leader in electric vehicle (EV) charging and power conversion technology, today announced that Wolfspeed, Inc., (NYSE: WOLF), the global leader in Silicon Carbide technology, will supply its EV2flex™ line of charging infrastructure products with Silicon Carbide MOSFETs, which will offer the products greater efficiency, higher power density and faster charging times. Rhombus' EV2flex™ infrastructure includes a family of produ

Rhombus Energy Solutions to Leverage Wolfspeed's Silicon Carbide Devices for Faster EV Charging Infrastructure

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The U.S. economy is headed for a recession that warrants switching to high growth stocks, says the CEO of Firsthand Funds. The U.S. GDP fell at an annualised pace of 1.4% in the first quarter of 2022.

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The silicon carbide producer fell after its first-quarter earnings report came in a little light.

Why Wolfspeed Plunged Today

The semiconductor company reports quarterly sales that missed Wall Street estimates.

Wolfspeed's Revenue Takes a Hit From China Shutdowns

Wolfspeed, Inc. (NYSE:WOLF ) Q3 2022 Earnings Conference Call May 4, 2022 5:00 PM ET Company Participants Tyler Gronbach - VP, IR Gregg Lowe - President, CEO & Director Neill Reynolds - EVP & CFO Conference Call Participants Gary Mobley - Wells Fargo Securities Jonathan Dorsheimer - Canaccord Genuity Craig Irwin - ROTH Capital Partners Ambrish Srivastava - BMO Capital Markets Jack Egan - Charter Equity Research Pierre Ferragu - New Street Research Operator Good evening. Thank you for standing by, and welcome to the Wolfspeed, Inc. Third Quarter Fiscal Year 2022 Earnings Call.

Wolfspeed, Inc. (WOLF) CEO Gregg Lowe on Q3 2022 Results - Earnings Call Transcript

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), formerly known as Cree, Inc., today announced revenue of $188.0 million for its third quarter of fiscal 2022, ended March 27, 2022. This represents a 37% increase compared to revenue from continuing operations of $137.3 million reported for the third quarter of fiscal 2021, and a 9% increase compared to the second quarter of fiscal 2022. GAAP net loss from continuing operations was $66.5 million for the third quarter of fiscal 2022 an

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

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production, today officially opened its state-of-the-art, Mohawk Valley Silicon Carbide fabrication facility in Marcy, N.Y. with a ribbon cutting ceremony featuring Federal and State Officials. The 200mm wafer fab will help lead the industry-wide transition from silicon to Silicon Carbide-based semiconductors. New York Governor Kathy Hochul was on site to officially welcome Wolfspeed

Wolfspeed Opens the World's Largest 200mm Silicon Carbide Fab Enabling Highly Anticipated Device Production

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced that Lucid Motors deploys its Silicon Carbide power device solutions in the automaker's high-performance, pure-electric car – the Lucid Air. Wolfspeed and Lucid have a multiyear agreement for Wolfspeed to produce and supply Silicon Carbide devices. “Lucid's proprietary powertrain technology – engineered and produced in-house – is at the core of what makes Lucid Air the most ad

Lucid Motors Integrates Wolfspeed's Silicon Carbide Semiconductors into the Award-Winning Lucid Air

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 third quarter fiscal 2022 results and business outlook on May 4, 2022, at 5:00 p.m. Eastern Time. After the close of the market on May 4, and prior to the conference call, Wolfspeed will issue a copy of the earnings press release via Business Wire. The press release may also be viewed on Wolfspeed's website at http://www.wo

Wolfspeed, Inc. to Report Third Quarter Fiscal 2022 Earnings on May 4, 2022

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced that Jeff Ferraro has joined the company as Vice President of Enterprise Supply Chain and Procurement, effective March 14. Mr. Ferraro joins Wolfspeed from Texas Instruments and has more than 20 years of experience in the semiconductor industry, including supply chain and financial management. Based out of Durham, North Carolina, Mr. Ferraro will report directly to Rex F

Wolfspeed Adds to Global Operations Leadership Team to Support Rapid Company Growth

Wolfspeed is a market leader in the SiC wafer market with a market share of 62% with customer relationships with major power semiconductor suppliers we believe are key to its.

Wolfspeed: EV Catalyst To Drive Revenue Growth

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DURHAM, N.C.--(BUSINESS WIRE)--The National Academy of Engineering has elected Wolfspeed, Inc. (NYSE: WOLF) co-founder and Chief Technology Officer (CTO) Dr. John Palmour into the organization's 2022 class for the development of Silicon Carbide-based advanced electronic devices. Palmour was one of the graduate students from North Carolina State University who founded the company (then, Cree) in 1987 with the belief that Silicon Carbide could enable superior semiconductor technology. With his kn

Wolfspeed Co-Founder and Chief Technology Officer, Dr. John Palmour Elected to the National Academy of Engineering

The stock price of Wolfspeed Inc (NYSE: WOLF) increased by 3.41% in the most recent trading session. This is why it happened.

Wolfspeed (WOLF) Stock: Why The Price Went Up

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed”) today announced the pricing of $650.0 million aggregate principal amount of its 0.25% Convertible Senior Notes due 2028 (the “Notes”) in a private offering (the “Offering”) to 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 $500.0 million aggregate principal amount of not

Wolfspeed Announces Pricing of Upsized $650.0 Million Convertible Senior Notes Offering

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) (“Wolfspeed”) today announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of its Convertible Senior Notes due 2028 (the “Notes”) in a private offering (the “Offering”) to 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

Wolfspeed Announces Offering of $500 Million of Convertible Senior Notes

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Wolfspeed, Inc. (WOLF) CEO Gregg Lowe on Q2 2022 Results - Earnings Call Transcript

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), formerly known as Cree, Inc., today announced revenue of $173.1 million for its second quarter of fiscal 2022, ended December 26, 2021. This represents a 36% increase compared to revenue from continuing operations of $127.0 million reported for the second quarter of fiscal 2021, and a 11% increase compared to the first quarter of fiscal 2022. GAAP net loss from continuing operations for the second quarter of fiscal 2022 was $96.7 mill

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