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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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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Activist investor Jana Partners recently disclosed a stake in the semiconductor company.

Activist Jana Partners calls for a strategic review at Wolfspeed. Here's how it may develop

Wolfspeed (WOLF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Wolfspeed (WOLF) Moves 7.9% Higher: Will This Strength Last?

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today issued the following statement in response to the letter from JANA Partners (“JANA”) to Wolfspeed's Board of Directors: Wolfspeed's Board of Directors and management team maintain an open dialogue with, and value constructive input from, our shareholders. The company continually evaluates options to enhance long-term value and is committed to acting in the best interests of all ou.

Wolfspeed Comments on Letter from JANA Partners

Wolfspeed (NYSE: WOLF) was one of the best performers on Wall Street today.

Why Wolfspeed Stock Rallied 10% Today

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

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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?

News for Wolfspeed Stock (WOLF)