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.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Activist investor Jana Partners has a built a "significant" position in semiconductor firm Wolfspeed, according to a Monday letter to Wolfspeed's board viewed by CNBC.

Activist investor Jana has 'significant' stake in Wolfspeed, urges semi manufacturer to consider sale

Activist investor Jana Partners is urging the world's largest maker of silicon carbide Wolfspeed Inc to explore all ways to improve shareholder value, including a potential sale, according to a letter reviewed by Reuters.

Exclusive: Activist Jana, in letter, urges Wolfspeed to eye sale, other strategic alternatives

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 fiscal third quarter 2024 results on Wednesday, May 1, 2024, at 5:00 pm Eastern Daylight Time. The call will be hosted by Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor.

Wolfspeed, Inc. Announces Date of Fiscal Third Quarter Earnings Call for May 1, 2024

Swing traders looking to grab a quick profit should turn their eyes toward semiconductor specialist Wolfspeed (NYSE: WOLF ). Offering silicon carbide and other critical materials necessary to produce components for the radio frequency and power industries, WOLF stock essentially represents a stagehand investment: It's not the headline act, but it keeps the show running.

Trade of the Day: Wolfspeed (WOLF) Stock Could Get Squeezed Higher

Axcelis Technologies

Axcelis' ion implantation systems play a valuable role in manufacturing more resilient semiconductors. Wolfspeed is producing a lot of those new chips for a wide range of industries.

Better Tech Stock: Axcelis Technologies vs. Wolfspeed

Texas Instruments

The kinds of chips that manage power and connect digital devices to the real world are easy to miss. Here are two leaders.

2 Semiconductor Stocks You May Not Know Are Buys Right Now

Wolfspeed Inc   (NYSE:WOLF) stock is down 4.9% to trade at $26.38 at last check, after a downgrade from Wells Fargo to "equal weight" from "overweight," and a price-target cut to $30 from $55.

Wolfspeed Stock Downgraded on Lower Demand

Wolfspeed (WOLF) closed the most recent trading day at $29.90, moving +1.36% from the previous trading session.

Wolfspeed (WOLF) Advances While Market Declines: Some Information for Investors

SILER CITY, N.C.--(BUSINESS WIRE)--Today, Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, hosted Senator Thom Tillis (R-NC) and other local officials, community partners, and employees at a ceremony to celebrate the topping out of construction at the $5 billion John Palmour Manufacturing Center for Silicon Carbide. Located in Chatham County, North Carolina, the JP will produce 200mm silicon carbide wafers, significantly expanding Wolfspeed's materials capacity, an.

Wolfspeed Tops Out World's Largest, Most Advanced Silicon Carbide Facility Alongside Senator Thom Tillis, Key Officials

In the closing of the recent trading day, Wolfspeed (WOLF) stood at $27.46, denoting a +0.59% change from the preceding trading day.

Wolfspeed (WOLF) Increases Despite Market Slip: Here's What You Need to Know

The latest trading day saw Wolfspeed (WOLF) settling at $26.08, representing a +0.19% change from its previous close.

Why the Market Dipped But Wolfspeed (WOLF) Gained Today

Wolfspeed signs first apprentice for Registered Apprenticeship Program to support workforce development for its Mohawk Valley Fab HANOVER, Md. , March 4, 2024 /PRNewswire/ -- Today the National Institute for Innovation and Technology and the United States Department of Labor (USDOL) applauded U.S. semiconductor manufacturing company Wolfspeed for the establishment of its New York Registered Apprenticeship Program (RAP).

Wolfspeed Launches New York Semiconductor Registered Apprenticeship Program with Support from the National Institute of Innovation and Technology

Wolfspeed (WOLF) reported earnings 30 days ago. What's next for the stock?

Why Is Wolfspeed (WOLF) Down 7.5% Since Last Earnings Report?

In the most recent trading session, Wolfspeed (WOLF) closed at $26.02, indicating a +1.84% shift from the previous trading day.

Wolfspeed (WOLF) Beats Stock Market Upswing: What Investors Need to Know

APA Corporation

Vuzix

While conservative plays can move you up the gridiron, sometimes you need the long ball, which is exactly the situation speculative stocks to buy specializes in. No, you're not going to bet your lifesavings on these ideas.

Stock Surprises: 3 Companies Ready to Beat the Odds

Microchip Technology

Valued at $591.8 billion in 2022, the global semiconductor market is expected to reach $1.88 trillion by 2032, exhibiting a CAGR of 12.28%. The rising penetration of digital technologies largely propels this growth, rapid adoption of AI and growing demand in the industrial and automotive industries have largely propelled this growth.

3 Semiconductor Stocks That Could Be Multibaggers in the Making: February Edition

Wolfspeed, Inc. remains bullish on the long-term demand for their silicon carbide products despite the recent pause in the EV revolution. The company signed another massive $2.1 billion in design-in wins leading to a cumulative total of $22.4 billion.

Wolfspeed: Still Full Speed Ahead

QUALCOMM

If you are a public equities investor betting on the digital economy, semiconductor stocks would have to be in your portfolio. While many semiconductor stocks performed well last year, especially ones connected to the rise of artificial intelligence (AI), there were a number of semiconductor stocks to sell.

3 Sorry Semiconductor Stocks to Sell in February While You Still Can

Wolfspeed's (WOLF) second-quarter fiscal 2024 results benefit from robust Power Products and Material Products revenues.

Wolfspeed (WOLF) Reports Loss in Q2 Earnings, Revenues Up Y/Y

Wolfspeed, Inc. (WOLF) Q2 2024 Earnings Call Transcript

Wolfspeed (WOLF) came out with a quarterly loss of $0.55 per share versus the Zacks Consensus Estimate of a loss of $0.63. This compares to loss of $0.11 per share a year ago.

Wolfspeed (WOLF) Reports Q2 Loss, Tops Revenue Estimates

Chipmaker Wolfspeed forecast third-quarter revenue below estimates on Wednesday, as slower sales growth for electric vehicles hurt demand for its semiconductors used in them, sending its shares down 2% in extended trading.

Wolfspeed forecasts dour quarterly revenue on weak demand for its semiconductors

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the second quarter of fiscal 2024. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the second quarter of fiscal 2023) Consolidated revenue of $208.4 million, compared to $173.8 million Mohawk Valley Fab contributed $12 million in revenue, a 3x increase from the prior quarter Power device design-ins of $2.1 billion Quarterly record design-wins of $2.9 billion - over 75%.

Wolfspeed Reports Financial Results for the Second Quarter of Fiscal Year 2024

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today announced the expansion of an existing long-term silicon carbide wafer supply agreement with a leading global semiconductor company. The expanded agreement, which is now worth approximately $275 million in total, calls for Wolfspeed to supply the company with 150mm silicon carbide bare and epitaxial wafers, reinforcing both companies' visions for an industry-wide transition from s.

Wolfspeed Expands 150mm Silicon Carbide Wafer Supply Agreement with a Leading Global Semiconductor Company

Wolfspeed (WOLF) and Infineon extend and expand their long-term 150-millimeter (mm) silicon carbide wafer supply agreement.

News for Wolfspeed Stock (WOLF)