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, 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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Shares of semiconductor company Wolfspeed slid in extended trading Wednesday following a wider-than-expected loss in its fiscal fourth quarter. The company reported an adjusted loss of $0.42 per share, double its loss from a year earlier and compared to expectations of a $0.20 per share loss.

Wolfspeed shares shrink on fiscal 4Q earnings miss

Wolfspeed Inc. shares were falling 13% in Wednesday's after-hours action after the company posted a wider-than-expected loss for the latest quarter and also forecast steeper-than-anticipated losses in the current period.

Wolfspeed's stock sinks as silicon-carbide chip company sees swelling losses

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the fourth quarter of fiscal 2023 and the full 2023 fiscal year. Quarterly Financial Highlights (all comparisons are to the fourth quarter of fiscal 2022) Revenue of $235.8 million, compared to $228.5 million GAAP gross margin of 27.4%, compared to 34.5% Non-GAAP gross margin of 29.0%, compared to 36.5% GAAP net loss from continuing operations of $113.3 million, or $0.91 per diluted share, compared to $6.

Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2023

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Wolfspeed's (WOLF) fourth-quarter fiscal 2023 results are expected to reflect benefits from strong power devices and material product lines.

Wolfspeed (WOLF) to Report Q4 Earnings: What's in Store?

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 2023 results on Wednesday, August 16th, 2023, at 5:00 pm Eastern Time. A live webcast of the earnings conference call along with the earnings release will be available on Wolfspeed's Investor Relations website at investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE: WOLF) leads t.

Wolfspeed, Inc. Announces Date of Fiscal Fourth Quarter Earnings Call for August 16, 2023

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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, announced today that CEO Gregg Lowe has been elected to serve on North Carolina Agricultural and Technical State University's (N.C. A&T) Board of Trustees. N.C. A&T is the nation's No. 1-ranked historically black college or university (HBCU). “North Carolina A&T is proud of our continued strong partnership with Wolfspeed and the appointment of CEO Gregg Lowe to our Board of.

Wolfspeed CEO Gregg Lowe Appointed to North Carolina Agricultural and Technical State University Board of Trustees

DURHAM, N.C.--(BUSINESS WIRE)--Today, Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, is pleased to announce the promotion of Priya Almelkar to Senior Vice President, IT and Chief Information Officer. Almelkar succeeds David Costar and becomes the fifth female member of Wolfspeed's esteemed senior leadership team. “Over her two-and-a-half-year tenure with Wolfspeed, Priya has consistently showcased exceptional technical expertise and inspiring leadership skills,”.

Wolfspeed Appoints Priya Almelkar as Senior Vice President, IT and Chief Information Officer

DURHAM, N.C.--(BUSINESS WIRE)--Today, Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, issued the following statement regarding the recent decision by the Chinese Ministry of Commerce to restrict the export of gallium and germanium which is scheduled to take effect on August 1, 2023. The statement can be attributed to Wolfspeed spokesperson Melinda Walker. “Following an internal review, the company has confirmed that its supply chain will not be impacted by the pro.

Wolfspeed Supply Chain Not Impacted by China Export License Control of Gallium and Germanium

Wolfspeed has secured much-needed funding for its manufacturing expansion

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WOLF shares spiked 20% higher at the open before traders took profits, driving gains down to 11%.

The Future of Power Semiconductors Is Built Into Historic Wolfspeed-Renesas Deal

Wolfspeed (WOLF) and Renesas Electronics enter into a 10-year wafer supply agreement, signaling a major step forward in the adoption of silicon carbide technology.

Wolfspeed (WOLF), Renesas Ink Partnership for Wafer Supply

Wolfspeed (WOLF) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Wolfspeed (WOLF) Surges 11.0%: Is This an Indication of Further Gains?

Apollo Global Management

Wolfspeed got support from lenders to improve its silicon carbide wafers production facilities.

This Silicon Carbide Stock Just Got a Billion-Dollar Lifeline

Wolfspeed inked a 10-year agreement with chipmaker Renesas. Renesas is pre-paying with a $2 billion deposit that will help Wolfspeed expand its manufacturing capacity.

Why Wolfspeed Skyrocketed Today

Wolfspeed shares jumped more than 17% in early trading on Wednesday after signing a 10-year, $2 billion agreement to supply wafers for Japan's Renesas Electronics Corporation.

Wolfspeed Shares Jump Following $2 Billion Silicon Carbide Wafer Deal

Wolfspeed (NYSE: WOLF ) stock is soaring today on news that the chipmaker locked in a 10-year deal with Japanese semiconductor manufacturing company Renesas Electronics (OTCMKTS: RNECY ). What do you need to know about Wolfspeed's latest high-flying deal?

WOLF Stock: Wolfspeed Jumps 15% on New 10-Year Deal

Wolfspeed Inc (NYSE: WOLF) opened about 20% up on Wednesday after announcing a decade-long deal with the Japanese semiconductor giant Renesas Electronics Corp (TYO: 6723). Renesas paid $2.0 billion for the deal The Durham-headquartered firm has agreed to supply Renesas with its silicon carbide bare and epitaxial wafers for ten years.

Wolfspeed just announced a decade-long deal with Renesas

Shares of semiconductor producer Wolfspeed soared Wednesday after the company announced a decade-long deal to supply materials to Tokyo-based semiconductor maker Renesas Electronics.  The company received a $2 billion deposit from Renesas in exchange for a 10-year supply commitment of silicon carbide bare and epitaxial wafers.

News for Wolfspeed Stock (WOLF)