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 reports Q4 revenue growth, anticipates strong 2024 performance

Wolfspeed's Q4 2023 showed revenue growth and strong liquidity. The company faced challenges with yield and capacity, particularly in the automotive segment. However, they are well-positioned to capitalize on opportunities in the silicon carbide market and anticipate strong revenue for fiscal year 2024.

Wolfspeed excels in Q3, anticipates strong growth in silicon carbide

Wolfspeed's Q3 results were strong, with a focus on silicon carbide technology and robust demand for materials. The company is well-positioned for growth, targeting revenue of $192-222 million in Q2 and aiming for non-GAAP gross margin of 12-20%.

Wolfspeed Inc. reports strong Q2 performance and focuses on EV market growth

Wolfspeed Inc. reported strong financial performance, with a focus on scaling operations and strategic initiatives. The company's position as a leader in silicon carbide material production and its focus on the EV market present significant growth opportunities. However, challenges related to operational ramp-up and industrial weakness impact the company's outlook.

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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.

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

Lowe's

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

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

Increase in losses forced Wolfspeed to divest its Cree-LED business. Smart Global Holdings' revenue improvement after Cree-LED acquisition brings to focus Wolfspeed's management on LED production.

Wolfspeed: Potential High-Growth Disruptor In The Semiconductor Industry

Wolfspeed (WOLF) doesn't possess 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) May Report Negative Earnings: Know the Trend Ahead of Q2 Release

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 second quarter fiscal 2022 results and business outlook on January 26, 2022, at 5:00 p.m. Eastern Time. After the close of the market on January 26, 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 ht

Wolfspeed, Inc. to Report Second Quarter Fiscal 2022 Earnings on January 26, 2022

Piper Sandler analysts upgraded Wolfspeed Inc (NYSE:WOLF) to Overweight from Neutral and increased the price target to $160 from $125, implying a 33.4% upside. "After being on the sidelines for the last few years, we feel investors should own the stock now," said Harsh Kumar, an analyst at Piper Sandler.

Wolfspeed Shares Gain As Piper Sandler Bumps Up Price Target By 28%

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced that Joe Roybal has joined the company as the Vice President of Backend Operations. Mr. Roybal joins Wolfspeed from Texas Instruments and has over 20 years of operations and leadership experience. “Joe comes to Wolfspeed with a wealth of knowledge in fab, probe and assembly/test operations and we look forward to his contributions as we continuously improve,” said Rex Fel

Wolfspeed Announces Expansion of Global Operations Team to Support Long-Term Growth Strategy

Wolfspeed (WOLF) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Why Wolfspeed (WOLF) Stock Might be a Great Pick

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Good things could be on the horizon when a stock experiences a golden cross event. How should investors react?

Wolfspeed (WOLF) Just Flashed Golden Cross Signal: Do You Buy?

The silicon carbide materials company held its analyst day today. Apparently, investors weren't impressed.

Why Wolfspeed Dropped Today

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, will host an Investor Day on Wednesday, Nov. 17, 2021 at the New York Stock Exchange in New York City. Wolfspeed CEO Gregg Lowe, CFO Neill Reynolds, and other members of the senior management team will provide an update on industry trends, new developments in the business and update the company's long-term outlook. In-person attendance is limited to the investment community and registra

Wolfspeed to Host Investor Day in New York City on Wednesday, November 17, 2021

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Wolfspeed is the world leader in Silicon Carbide and Gallium Nitride electronics. The hi-tech company Cree Inc. sold its LED division to devote itself solely to these two technologies.

Wolfspeed Is A Warp Speed Chip Company

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The company recently known as Cree crushed the Street's consensus targets in the first quarter of fiscal year 2022.

Why Wolfspeed Stock Skyrocketed Today

Analysts bumped their price targets on Wolfspeed Inc (NYSE: WOLF) following its Q1 results. The manufacturer of wide bandgap semiconductors reported Q1 revenue of $156.6 million, up 36% year-on-year, above the consensus of $149.2 million.

News for Wolfspeed Stock (WOLF)