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.

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LOS ANGELES--(BUSINESS WIRE)--WOLF Investors Have Opportunity to Join Wolfspeed, Inc. Fraud Investigation with the Schall Law Firm.

WOLF Investors Have Opportunity to Join Wolfspeed, Inc. Fraud Investigation with the Schall Law Firm

NEW YORK, Aug. 03, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Wolfspeed, Inc. (“Wolfspeed” or the “Company”) (NYSE: WOLF). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com  or 646-581-9980, ext. 7980.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Wolfspeed, Inc. - WOLF

NEW YORK, NY / ACCESSWIRE / July 31, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Wolfspeed, Inc. ("Wolfspeed") (NYSE:WOLF) concerning possible violations of federal securities laws. On August 16, 2023, Wolfspeed issued a press release reporting its financial results for the fourth quarter and full fiscal year 2023.

Did Wolfspeed, Inc. Mislead Investors? Shareholder Rights Advocates at Levi & Korsinsky Investigate- WOLF

NEW YORK, NY / ACCESSWIRE / July 26, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Wolfspeed, Inc. ("Wolfspeed") (NYSE:WOLF) concerning possible violations of federal securities laws. On August 16, 2023, Wolfspeed issued a press release reporting its financial results for the fourth quarter and full fiscal year 2023.

Lost Money on Wolfspeed, Inc. (WOLF)? Contact Levi & Korsinsky Regarding an Ongoing Investigation

NEW YORK, NY / ACCESSWIRE / July 24, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Wolfspeed, Inc. ("Wolfspeed") (NYSE:WOLF) concerning possible violations of federal securities laws. On August 16, 2023, Wolfspeed issued a press release reporting its financial results for the fourth quarter and full fiscal year 2023.

WOLF ALERT- Levi & Korsinsky Has Commenced an Investigation on Behalf of Wolfspeed, Inc. Shareholders Who Lost Money

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Wolfspeed stock has experienced a significant decline of 63% over the past year. The company's vertical integration in SiC manufacturing could lead to increased manufacturing yields and margins, even as CAPEX commitments drop next year. Despite short-term challenges such as inventory buildup and gross margin pressures, Wolfspeed's strong EV-related design momentum and future revenue projections make it an attractive investment opportunity.

Wolfspeed: Down, But Not Out

Investors can contact the law firm at no cost to learn more about recovering their losses

Wolfspeed, Inc. Investors: Class action lawsuit filed on behalf of investors; the Portnoy Law Firm

NEW YORK--(BUSINESS WIRE)---- $WOLF #classaction--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Wolfspeed, Inc. (“Wolfspeed” or “the Company”) (NYSE: WOLF). Investors who purchased Wolfspeed securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/WOLF. Investigation Details On August 16, 2023, Wolfspeed issued a press release reporting its financial results for the fourth quarter and full fisc.

Wolfspeed, Inc. (WOLF) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today provided an update on key milestones and an operational update. Wolfspeed's Mohawk Valley silicon carbide fab has reached 20% wafer start utilization, a critical step in the Company's efforts to meet the growing demand for silicon carbide power devices. Additionally, Wolfspeed's Building 10 Materials facility has achieved its 200mm wafer production target to support approximately.

Wolfspeed Announces Key Milestones and Operational Update

Wolfspeed has delayed plans to build a $3 billion plant in Germany, highlighting the European Union's struggle to increase semiconductor production and reduce its reliance on Asian chips.

Focus: Wolfspeed plant delayed as EU's chipmaking plans flounder

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

Wolfspeed (WOLF) Up 10.1% Since Last Earnings Report: Can It Continue?

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today announced that members of its senior management team will present at the following investor conferences in May and June: Gregg Lowe, chief executive officer, and Neill Reynolds, chief financial officer, will be participating in a fireside chat at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference at 1:10pm ET on May 20, 2024. Neill Reynolds, chief f.

Wolfspeed To Participate in Upcoming Investor Conferences

Wolfspeed missed analyst estimates in the first quarter. Moreover, it guided for a softer second quarter than expected amid the EV slowdown.

Why Wolfspeed Sank Today

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Wolfspeed's (WOLF) third-quarter fiscal 2024 results benefit from robust Power Products and Material Products revenues, offset by higher factory start-up costs and underutilization costs.

Wolfspeed (WOLF) Reports Loss in Q3 Earnings, Revenues Up Y/Y

Wolfspeed, Inc. (NYSE:WOLF ) Q3 2024 Earnings Conference Call May 1, 2024 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 George Gianarikas - Canaccord Genuity Brian Lee - Goldman Sachs Joseph Cardoso - JPMorgan Jed Dorsheimer - William Blair Joshua Buchalter - TD Cowen Colin Rusch - Oppenheimer Jack Egan - Charter Equity Research Operator Hello all and welcome to Wolfspeed's Third Quarter Fiscal 2024 Conference Call. My name is Lydia and I'll be your operator today.

Wolfspeed, Inc. (WOLF) Q3 2024 Earnings Call Transcript

Wolfspeed (WOLF) came out with a quarterly loss of $0.62 per share versus the Zacks Consensus Estimate of a loss of $0.64. This compares to loss of $0.13 per share a year ago.

Wolfspeed (WOLF) Reports Q3 Loss, Misses Revenue Estimates

Chipmaker Wolfspeed forecast current-quarter revenue below estimates on Wednesday as automakers grapple with high inventory levels due to slower-than-expected EV sales growth.

Chipmaker Wolfspeed forecasts quarterly revenue below estimates as EV sales growth slows

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2024. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the third quarter of fiscal 2023) Consolidated revenue of approximately $201 million, compared to approximately $193 million Mohawk Valley Fab contributed approximately $28 million in revenue, over a 2x increase from the prior quarter Materials revenue of approximately $99 million - second.

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

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News for Wolfspeed Stock (WOLF)