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.

Wolfspeed's revenue growth has slowed down, with a YoY decline of 18.2% in Q1 FY2023, attributed to the sale of its RF business and sluggish telecom demand. The company's focus on SiC power devices and wafer market remains positive, with higher growth forecasts compared to RF power semiconductors. Despite losing ground in the SiC power market, Wolfspeed's SiC materials segment shows potential growth with new supply agreements, but competition from top competitors may impact its growth trajectory.

Wolfspeed: Lower Growth Already Priced In

LOS ANGELES, CA / ACCESSWIRE / January 9, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm

In the closing of the recent trading day, Wolfspeed (WOLF) stood at $43.24, denoting a -0.62% change from the preceding trading day.

Wolfspeed (WOLF) Suffers a Larger Drop Than the General Market: Key Insights

Wolfspeed (WOLF) reachead $43.33 at the closing of the latest trading day, reflecting a +0.02% change compared to its last close.

Wolfspeed (WOLF) Rises But Trails Market: What Investors Should Know

LOS ANGELES, CA / ACCESSWIRE / December 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm

MACOM Technology Solutions Holdings

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced it completed the sale of its radio frequency business (“Wolfspeed RF”) to MACOM Technology Solutions Holdings, Inc. (Nasdaq: MTSI) effective December 2, 2023. Under the transaction terms, Wolfspeed received approximately $75 million in cash, subject to a customary purchase price adjustment, and 711,528 shares of MACOM common stock, which shares had a market value of approximately $60.8 million based on the closing price.

Wolfspeed Completes Sale of RF Business to MACOM

Ameresco

QUALCOMM

A new inflation report is out, and markets have reacted positively. Headline U.S. inflation essentially stalled in October, while the core consumer price index, which excludes food and energy costs, increased 0.2% from September.

3 Tattered Tech Stocks With Zero Hope Left

Wolfspeed reported good progress on its expanded manufacturing operation. Unfortunately, Wolfspeed's aggressive expansion comes at a steep cost.

Be Cautious With Wolfspeed Stock -- the Business Isn't Out of the Woods Yet

Wolfspeed's shares surged after a better-than-expected Q1 earnings report with soft sales but also limited bottom-line losses. The stock had been down 60% year-to-date before this rebound, and investors are still on the losing end after Tuesday's big jump.

Why Wolfspeed Stock Soared More Than 25% Higher Today

Wolfspeed Inc is set to surge more than 15% when US markets open on Tuesday after the Nasdaq-listed semiconductor designer and manufacturer outperformed in the first quarter. Though the mid cap posted losses, they weren't as bad as the Street expected, with consolidated revenues coming in a $197.4 million compared to $189.4 million in the first quarter of 2022.

Semiconductor maker Wolfspeed rallies following better-than-expected losses

Wolfspeed, Inc. (NYSE:WOLF ) Q1 2024 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants Tyler Gronbach - Vice President of External Affairs Gregg Lowe - President and Chief Executive Officer Neill Reynolds - Chief Financial Officer Conference Call Participants Joseph Cardoso - JPMorgan Harsh Kumar - Piper Sandler George Gianarikas - Canaccord Genuity Brian Lee - Goldman Sachs Joshua Buchalter - Cowen Jed Dorsheimer - William Blair Colin Rusch - Oppenheimer Vivek Arya - Bank of America Christopher Rolland - Susquehanna Natalia Winkler - Jefferies Matthew Prisco - Evercore Edward Snyder - Charter Equity Research Operator Hello, everyone, and welcome to the Wolfspeed First Quarter Fiscal 2024 Conference Call. My name is Nadia and I'll be coordinating the call today.

Wolfspeed, Inc. (WOLF) Q1 2024 Earnings Call Transcript

Wolfspeed Inc. shares rose 8% in after-hours trading Monday after the silicon-carbide company forecast a slimmer-than-expected loss for its ongoing quarter.

Wolfspeed's stock gains as company notches smaller loss than expected

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the first quarter of fiscal 2024. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the first quarter of fiscal 2023) Consolidated revenue of $197.4 million, compared to $189.4 million Mohawk Valley Fab contributed $4.0 million in revenue Device design-ins of $2.2 billion and quarterly record of over $1 billion in device design-wins GAAP gross margin of 12.5%, compared to.

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

Wolfspeed (WOLF) closed the most recent trading day at $30.64, moving +0.2% from the previous trading session.

Wolfspeed (WOLF) Rises As Market Takes a Dip: Key Facts

Lantronix

Marqeta

Nerdy

Skillsoft

Telos

Vuzix

With so much hype baked into compelling innovations such as artificial intelligence, it's only natural that certain tech stocks exploded higher in the market. However, some of the bravado has been fading for the once-screaming-hot enterprises.

Silent Movers: 7 Under-the-Radar Tech Stocks You Need to Start Watching

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, announced today that Thomas Werner, a board member since 2006, has been elected the new Chairman of the Board, effective immediately. Werner succeeds Darren Jackson, who stepped down as chair after five years in the role. Jackson will continue to serve as a member of the Wolfspeed Board. In addition, Board Member Stacy Smith will replace John Replogle as the Chair of the Governance and.

Wolfspeed Appoints Thomas Werner as New Board Chair

Wolfspeed (WOLF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Wolfspeed (WOLF) Expected to Beat Earnings Estimates: Should You Buy?

Micron Technology

SiTime Corporation

Nvidia Corp. NASDAQ: NVDA has been the S&P 500's big winner this year on the strength of its AI chips, but other chip stocks are also going along for the ride.

Can These 3 Semiconductor Stocks Outpace Nvidia's Growth?

Wolfspeed (WOLF) closed the most recent trading day at $33.28, moving -1.25% from the previous trading session.

Here's Why Wolfspeed (WOLF) Fell More Than Broader Market

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 first quarter 2024 results on Monday, October 30th, 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 https://investor.wolfspeed.com. About Wolfspeed, Inc. Wolfspeed (NYSE: WOLF) leads the market.

Wolfspeed, Inc. Announces Date of Fiscal First Quarter Earnings Call for October 30th, 2023

Wolfspeed (WOLF) closed at $33.15 in the latest trading session, marking a +1.07% move from the prior day.

Wolfspeed (WOLF) Ascends But Remains Behind Market: Some Facts to Note

LOS ANGELES, CA / ACCESSWIRE / October 6, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm

Axcelis Technologies

Aehr Test Systems

Silicon carbide stocks fell in September, along with most tech stocks. Surging bond yields especially hurt expensive growth stocks and unprofitable companies.

Why Electric Vehicle Chip Stocks Aehr Test Systems, Axcelis Technologies, and Wolfspeed Fell in September

Hertz

Plug Power

Mid-cap companies are ones that typically have a market cap between $2-10 billion. They can be an essential addition to an investment portfolio in that it increases exposure to a broader range of companies with different market capitalization.

3 Mid-Cap Stocks to Sell Before They Slide

Enovix Corporation

Kohl's

Williams-Sonoma

A look at the short sale lists is always interesting because there are usually as many names worthy of buying as selling. Marketbeat.com's list of high-short-interest stocks is no different than usual in early October; many names are trending lower for a reason, but also a few potential candidates for a short squeeze.

News for Wolfspeed Stock (WOLF)