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.

The semiconductor company reports quarterly sales that missed Wall Street estimates.

Wolfspeed's Revenue Takes a Hit From China Shutdowns

Wolfspeed, Inc. (NYSE:WOLF ) Q3 2022 Earnings Conference Call May 4, 2022 5:00 PM ET Company Participants Tyler Gronbach - VP, IR Gregg Lowe - President, CEO & Director Neill Reynolds - EVP & CFO Conference Call Participants Gary Mobley - Wells Fargo Securities Jonathan Dorsheimer - Canaccord Genuity Craig Irwin - ROTH Capital Partners Ambrish Srivastava - BMO Capital Markets Jack Egan - Charter Equity Research Pierre Ferragu - New Street Research Operator Good evening. Thank you for standing by, and welcome to the Wolfspeed, Inc. Third Quarter Fiscal Year 2022 Earnings Call.

Wolfspeed, Inc. (WOLF) CEO Gregg Lowe on Q3 2022 Results - Earnings Call Transcript

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), formerly known as Cree, Inc., today announced revenue of $188.0 million for its third quarter of fiscal 2022, ended March 27, 2022. This represents a 37% increase compared to revenue from continuing operations of $137.3 million reported for the third quarter of fiscal 2021, and a 9% increase compared to the second quarter of fiscal 2022. GAAP net loss from continuing operations was $66.5 million for the third quarter of fiscal 2022 an

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

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production, today officially opened its state-of-the-art, Mohawk Valley Silicon Carbide fabrication facility in Marcy, N.Y. with a ribbon cutting ceremony featuring Federal and State Officials. The 200mm wafer fab will help lead the industry-wide transition from silicon to Silicon Carbide-based semiconductors. New York Governor Kathy Hochul was on site to officially welcome Wolfspeed

Wolfspeed Opens the World's Largest 200mm Silicon Carbide Fab Enabling Highly Anticipated Device Production

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced that Lucid Motors deploys its Silicon Carbide power device solutions in the automaker's high-performance, pure-electric car – the Lucid Air. Wolfspeed and Lucid have a multiyear agreement for Wolfspeed to produce and supply Silicon Carbide devices. “Lucid's proprietary powertrain technology – engineered and produced in-house – is at the core of what makes Lucid Air the most ad

Lucid Motors Integrates Wolfspeed's Silicon Carbide Semiconductors into the Award-Winning Lucid Air

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

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