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.

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

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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

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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?

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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

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Wolfspeed, the global leader in silicon carbide semiconductors, is poised for super-charged growth due to SiC's superior characteristics over silicon. The company has faced challenges with production delays and an accounting change, but these issues have been resolved. Wolfspeed's production at the Mohawk fab will accelerate in 2024, and funding assistance for the new Saarland fab is expected by the end of 2023.

Wolfspeed: Poised For Supercharged Growth

LOS ANGELES, CA / ACCESSWIRE / September 27, 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 NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm

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LOS ANGELES, CA / ACCESSWIRE / September 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.

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

The chipmaker's earnings report had a lot of noise and tepid revenue growth. Future design-ins and customer pre-payments show confidence in its future.

News for Wolfspeed Stock (WOLF)