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.

Shares of semiconductor developer Wolfspeed Inc (NYSE:WOLF) have given back their earlier gains, last seen down 0.7% at $105.13, even after a bull note from J.P.

Analyst: Wolfspeed Stock Could Jump 50% or More

Following Wolfspeed's announcement of its expansions to its SiC production facilities, we estimate its revenue (supply) in FY2026 to be about $4.59 bln. Based on our revenue projections by SiC materials and devices, we forecasted its revenue growth to have an average of 45% through 2026.

Wolfspeed: Superb 45% Revenue Growth

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Chipmakers Treating Silicon Carbide Like It's The Next Gold Rush

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EV market growth creates a strong opportunity for silicon carbide and leads to tighter competition in the market. Despite pressing rivalry, I believe Wolfspeed's market is well-protected by manufacturing complexities and its dominant position in the supply chain.

Wolfspeed: Buy At The Pullback Despite Increasing Competition

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With plans to build the world's largest silicon carbide plant and big EPS estimates ahead, Wolfspeed looks to charge up a fresh breakout. The post Silicon Carbide Leader Drives EVs, 5G — And Strong Sales appeared first on Investor's Business Daily.

Silicon Carbide Leader Drives EVs, 5G — And Strong Sales

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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 first quarter fiscal 2023 results on Wednesday, October 26th, 2022, at 5:00 pm Eastern Time. The Company will also host an Investor Day event at the New York Stock Exchange on Monday, October 31st, at 8:00 am Eastern Time. Wolfspeed's executive leadership team will provide an update on the business and the Company's long-te

Wolfspeed, Inc. Announces Date of Fiscal First Quarter Earnings Call and Investor Day for October 2022

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Wolfspeed (WOLF) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Wolfspeed (WOLF) is Attracting Investor Attention: Here is What You Should Know

Wolfspeed believes the semiconductor industry is in the early stages of a once-in-a-generation technology shift. The post Wolfspeed Leads The Pack Of Next-Generation Chipmakers appeared first on Investor's Business Daily.

Wolfspeed Leads The Pack Of Next-Generation Chipmakers

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Chipmaker Wolfspeed got a bullish endorsement from a Wall Street research firm on Tuesday. The post Wolfspeed Called Great Way To Invest In Electric Vehicle Revolution appeared first on Investor's Business Daily.

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Wolfspeed Inc (NYSE:WOLF) is down 1.3% at $115.29 at last glance, pulling back from its premarket gains despite a bull note from Evercore ISI.

Wolfspeed Stock Brushes Off Brand-New Bull Note

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DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced it will build a new, state-of-the-art, multi-billion-dollar Materials manufacturing facility in Chatham County, North Carolina. The investment is targeted to generate a more than 10 fold increase from Wolfspeed's current Silicon Carbide production capacity on its Durham campus, supporting the company's long-term growth strategy, accelerating the adoption of Silicon Carbi

Wolfspeed Selects North Carolina for World's Largest Silicon Carbide Materials Facility

U.S. power chip maker Wolfspeed Inc on Friday said it will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles as demand surges.

Chip maker Wolfspeed to build new U.S. factory to meet surging EV demand

Wolfspeed continues to report surging demand with FQ4'22 revenue smashing estimates. The company announced $2.6 billion in quarterly design-in wins and $6.4 billion for the last FY.

Wolfspeed: Full Speed Ahead

This niche semiconductor company is growing like a weed.

Is Wolfspeed Stock a Buy?

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News for Wolfspeed Stock (WOLF)