Welcome to our dedicated page for Wolfspeed news (Ticker: WOLF), a resource for investors and traders seeking the latest updates and insights on Wolfspeed stock.
Wolfspeed, Inc. develops and manufactures silicon carbide semiconductor technologies for power electronics applications. News about WOLF commonly centers on SiC MOSFETs, Schottky diodes, power modules, 300mm substrate development, and product launches such as high-voltage SiC power MOSFETs and the TOLT portfolio for AI data center infrastructure.
Recurring company updates also cover quarterly operating results, demand trends in automotive, industrial, energy and data center markets, balance-sheet actions involving secured and convertible debt, equity issuance, and regional commercial leadership across Asia Pacific and Greater China.
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Wolfspeed, Inc. reported a 22% year-over-year revenue growth in Q3 fiscal 2023, achieving $228.7 million in revenue compared to $188.0 million last year. The GAAP gross margin declined to 29.8%, down from 34.0%, while the net loss widened to $99.5 million, or $0.80 per diluted share. Non-GAAP metrics showed a net loss of $16.0 million, with a gross margin of 32.3%. Design-ins totaled $1.7 billion for the quarter. Looking ahead, Wolfspeed anticipates Q4 revenue between $212 million and $232 million and projects fiscal 2024 revenue of $1 billion to $1.1 billion.