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.

Wolfspeed Inc. WOLFshares declined more than 5% in after-hours trading Wednesday, after Tesla Inc. TSLA executives said their next-generation car will require less silicon carbide. Wolfspeed, a semiconductor company previously known as Cree, specializes in silicon-carbide chips, which have found a home in electric vehicles because of their resistance to heat.

Wolfspeed stock falls after Tesla suggests next-gen car will cut silicon-carbide use

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Three semiconductor investors discuss Wolfspeed's earnings and future outlook.

This Chip Manufacturing Stock Has Big Plans for the EV Market, but Is It a Buy?

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced the expansion of the company's senior leadership team (SLT) with the promotion of four Global Operations leaders, as part of its accelerated growth and capacity expansion plan.

Wolfspeed Expands Senior Leadership Team to Support Company Growth

The chipmaking race may be about to see a powerful new player. Wolfspeed (NYSE: WOLF ) stock doesn't receive as much attention as some of the sector's bigger names.

WOLF Stock Alert: Wolfspeed Will Build Advanced Facility in Germany

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DURHAM, N.C. & ENSDORF, Germany--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production, today announced plans to build a highly-automated, cutting-edge 200mm wafer fabrication facility in Saarland, Germany. The company's first fab in Europe will be its most advanced, creating a breakthrough innovation Silicon Carbide development and production facility in the European Union to support growing demand for a wide variety of automotive, industrial and energy applications. The Wolfspeed facility is planned as part of a collaboration within the IPCEI for Microelectronics and Communication Technologies framework, and is dependent upon state aid approval from the European Commission. IPCEI funding is intended to support technology development and initial deployment within this project. ZF Friedrichshafen also intends to support the new construction by making a sizable financial investment as part of a new strategic partnership announced separately.

Wolfspeed Announces Plan to Construct World's Largest, Most Advanced Silicon Carbide Device Manufacturing Facility in Saarland, Germany

DURHAM, N.C. & ENSDORF, Germany--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and ZF, a global technology company enabling next generation mobility, today announced a strategic partnership that includes the creation of a joint innovation lab to drive advances in Silicon Carbide systems and devices for mobility, industrial and energy applications. The partnership also includes a significant investment by ZF to support the planned construction of the world's most advanced and largest 200mm Silicon Carbide device fab in Ensdorf, Germany. Both the joint innovation lab and the Wolfspeed device fab are planned as part of the Important Project of Common European Interest (IPCEI) for Microelectronics and Communication Technologies framework, and are dependent upon state aid approval from the European Commission.

Wolfspeed and ZF Announce Partnership for Future Silicon Carbide Semiconductor Devices

German chip supplier ZF and American chipmaker Wolfspeed Inc are expected to announce on Wednesday plans to build an electric vehicle (EV) chip plant in the Saarland region, according to three sources close to the matter.

Wolfspeed to announce new electric vehicle chip plant in Germany - sources

Wolfspeed posted another quarter of disappointing results marked by ongoing operational and execution issues. The bulls may be overestimating future market share for Wolfspeed in SiC materials and power devices, but I expect Wolfspeed will be a player in these rapidly-growing markets.

The Battle Between Bulls And Bears Over Wolfspeed Is Well Worth Watching

Wolfspeed's (WOLF) second-quarter fiscal 2022 results reflect strong top-line growth, partially offset by contracting gross margin.

Wolfspeed (WOLF) Q2 Loss Narrows, Revenues Increase Y/Y

Wolfspeed, Inc. (NYSE:WOLF ) Q2 2023 Earnings Conference Call January 25, 2023 5:00 PM ET Company Participants Tyler Gronbach - Vice President, Investor Relations Gregg Lowe - Chief Executive Officer Neill Reynolds - Chief Financial Officer Conference Call Participants Harsh Kumar - Piper Sandler Brian Lee - Goldman Sachs Samik Chatterjee - JPMorgan Gary Mobley - Wells Fargo Colin Rusch - Oppenheimer Jed Dorsheimer - William Blair Blake Friedman - Bank of America Matt Ramsay - Cowen Katya Evstratyeva - Canaccord Genuity Edward Snyder - Charter Equity Research Matthew Prisco - Evercore David O'Connor - BNP Paribas Operator Good afternoon. Thank you for standing by.

Wolfspeed, Inc. (WOLF) Q2 2023 Earnings Call Transcript

Wolfspeed (WOLF) delivered earnings and revenue surprises of 21.43% and 4.22%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Wolfspeed (WOLF) Reports Q2 Loss, Misses Revenue Estimates

Shares of Wolfspeed Inc. fell about 6% in after-hours action Wednesday after the semiconductor company fell short with its revenue and forecast for the current quarter.

Wolfspeed whiffs on sales and forecast, and its stock is falling

DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the second quarter of fiscal 2023.

Wolfspeed Reports Financial Results for the Second Quarter of Fiscal Year 2023

DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, announced today that Stacy Smith has been appointed to the Company's Board of Directors, effective January 23, 2023. Mr. Smith is the Executive Chairman of Kioxia Corporation (formerly Toshiba Memory Corporation), a leading flash memory company, and Non-Executive Chair of the Board at Autodesk, Inc., a global leader in design and make technology.

Wolfspeed Appoints Stacy Smith to Board of Directors

U.S. power chip maker Wolfspeed Inc is planning to build a factory in Germany for more than 2 billion euros ($2.17 billion), Handelsblatt reported on Saturday.

Wolfspeed plans multi-billion dollar chip factory in Germany - Handelsblatt

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 2023 results and business outlook on January 25, 2023, at 5:00 p.m. Eastern Time.

Wolfspeed, Inc. to Report Second Quarter Fiscal 2023 Earnings on January 25, 2023

The mean of analysts' price targets for Wolfspeed (WOLF) points to a 31.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 31.08% Upside in Wolfspeed (WOLF): Here's What You Should Know

DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced the promotion of Elif Balkas to Chief Technology Officer, succeeding the late Dr. John Palmour, a co-founder of Wolfspeed.

Wolfspeed Appoints Elif Balkas as New Chief Technology Officer

DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF) today announced the company will be supplying Silicon Carbide devices to power future Mercedes-Benz® Electric Vehicle (EV) platforms, enabling greater efficiency in the powertrain. Wolfspeed's semiconductors will be incorporated into next generation powertrain systems for several Mercedes-Benz vehicle lines.

Wolfspeed Silicon Carbide Devices Power Future Mercedes-Benz Electric Vehicle Platforms

DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production, today announced that members of its senior management team will present at the following investor conference:

Wolfspeed to Participate in Upcoming Investor Conference

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DURHAM, N.C.--( BUSINESS WIRE )--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced the expansion of an existing multi-year, long-term Silicon Carbide wafer supply agreement, now worth approximately $225 million, with a leading power device company. The expanded agreement calls for Wolfspeed to supply the company with 150 mm Silicon Carbide bare and epitaxial wafers, reinforcing the company's vision for an industry-wide transition from silicon to Silicon Carbide semiconductor power devices.

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