Rabizo/iStock via Getty ImagesIntroduction The stock of Wolfspeed (NYSE:WOLF), a business that was previously noted for its specialization in RF (Radio-frequency) devices but is now a pure-play silicon carbide materials entity, has experienced a disastrous 12 months; over the past year, when the Nasdaq has been resilient, generating returns of +36%, WOLF has proven to be a source of significant wealth destruction, contracting by 63%. YChartsWOLF’s dismal performance for a while now may have prompted som ...

Investors can contact the law firm at no cost to learn more about recovering their losses Wolfspeed, Inc. Investors: Class action lawsuit filed on behalf of investors; the Portnoy Law Firm, June 24, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Wolfspeed, Inc. ("Wolfspeed" or the "Company") (NYSE: WOLF) investors that a class action has been filed on behalf of investors. Wolfspeed investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to ...

NEW YORK, May 16, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or the "Company") (NYSE: WOLF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Wolfspeed and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On August 16, 2023, Wolf ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40863 __________________________________________ WOLFSPEED, INC. (Exact name of registrant as specified in its ...

Wolfspeed (WOLF) reported a third-quarter fiscal 2024 non-GAAP loss of 62 cents per share, narrower than the Zacks Consensus Estimate of a loss of 64 cents per share but broader than the year-ago quarter’s loss of 34 cents per share. Revenues of $200.7 million increased 4.2% year over year but lagged the consensus mark by 0.39%. Mohawk Valley Fab contributed $28 million in revenues in the reported quarter. Power Products accounted for 50.9%, while Materials Products contributed 49.1%. Power Products revenue ...

财务数据和关键指标变化 - 公司第三季度营收为2.01亿美元,环比下降4%,同比增长4% [67] - 材料业务营收为9900万美元,创历史第二高 [67] - 摩尔维尔工厂营收为2800万美元,环比增长超过一倍 [19][33] - 毛利率为15%,受到工厂产能利用不足的影响 [69] - 非GAAP每股亏损为0.62美元,略高于中值预期 [72] 各条业务线数据和关键指标变化 - 电力业务营收为1.02亿美元 [67] - 电动车业务营收同比增长约48% [68] - 工业和能源市场需求持续疲软,公司将产能转移至电动车领域 [36][64] 各个市场数据和关键指标变化 - 中国市场方面,公司认为中国企业在200毫米碳化硅材料和器件方面仍有一定差距 [126][127] - 电动车市场需求强劲,公司设计赢单达8.7亿美元,支持未来3-5年内超过125个车型 [40] - 工业和能源市场需求疲软,预计至少到2025年上半年才会恢复 [36][64] 公司战略和发展方向及行业竞争 - 公司是全球唯一一家垂直整合的碳化硅公司,专注于碳化硅技术的发展 [9][32] - 公司正在建设世界最大的200毫米碳化硅生态系统,包括摩尔维尔工厂和JP工厂 [24][27][85] - 公司认为中国企业在碳化硅材料和器件方面仍有差距,但正在大幅投资 [126][127] - 公司看好电动车市场的长期需求,并将持续扩大在该领域的市场份额 [86][87][90] 管理层对经营环境和未来前景的评论 - 管理层认为公司当前股价未能充分反映公司的真实价值 [12] - 公司将专注于摩尔维尔和JP工厂的建设和产能爬坡,在达到目标前不会启动新的绿地项目 [13][14][15] - 公司有信心在2025财年实现正EBITDA和经营现金流正转 [61] - 管理层对公司长期需求前景保持乐观,认为电动车市场转型是汽车历史上最大的颠覆性变革 [86][87][90] 问答环节重要的提问和回答 问题1 **George Gianarikas 提问** 询问公司对中国企业在碳化硅材料和器件方面的竞争态势的看法 [99] **Gregg Lowe 回答** 公司认为中国企业在高质量、高产量的汽车级碳化硅衬底方面仍有一定差距,但正在大幅投资 [100][101] 问题2 **Brian Lee 提问** 询问公司在电动车市场的市场份额变化情况,以及工业和能源业务的前景 [102] **Gregg Lowe 和 Neill Reynolds 回答** 公司电动车业务营收同比增长48%,设计赢单创历史第二高,显示市场份额持续提升 [104] 工业和能源业务短期内仍将疲软,但长期来看公司有信心恢复增长 [105][106] 问题3 **Jed Dorsheimer 提问** 询问公司各业务线的毛利率情况 [110] **Neill Reynolds 回答** 公司正在从工业和能源产品向电动车产品转移,这在短期内会对毛利率产生一定压力,但长期来看有望改善 [111][112][113]

Wolfspeed (WOLF) came out with a quarterly loss of $0.62 per share versus the Zacks Consensus Estimate of a loss of $0.64. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.12%. A quarter ago, it was expected that this maker of energy-efficient lighting would post a loss of $0.63 per share when it actually produced a loss of $0.55, delivering a surprise of 12.70%. Over the last four quarters, th ...

营收情况 - 第三季度财报显示，Wolfspeed的营收约为2.01亿美元，较去年同期的1.93亿美元增长[2] - Mohawk Valley Fab贡献约2800万美元营收，较上一季度增长超过2倍[2] - 电源器件设计收入达到28亿美元[2] 财务表现 - 非GAAP毛利率为15%，较去年同期的34%下降[2] - Wolfspeed CEO表示，Mohawk Valley Fab在第三季度实现了显著的运营里程碑，4月份的晶圆启动利用率超过16%，对于2024年6月实现20%的利用率目标充满信心[3] - Wolfspeed预计2024财年第四季度的营收范围为1.85亿至2.15亿美元[3] - 预计2024财年第四季度的非GAAP净亏损范围为9100万至1.09亿美元[4] 资产和现金流 - 2024年3月31日，WOLFSPEED, INC.的总资产为7696.2亿美元，较2023年6月25日的6586.7亿美元有所增长[22] - 2024年3月31日至2023年3月26日的九个月内，WOLFSPEED, INC.的经营活动现金流为负486.1亿美元，较去年同期的负90.7亿美元有所增加[23] 非GAAP财务指标 - 公司使用非GAAP财务表现指标，包括非GAAP毛利率、非GAAP营业（亏损）收入、非GAAP非营业收入（费用）、净（亏损）收入、非GAAP摊薄（亏损）每股收益、EBITDA、调整后的EBITDA和自由现金流[24] - 非GAAP财务指标不代表或替代按照GAAP准则编制的指标，可能与其他公司使用的非GAAP指标不同[26] - 公司认为非GAAP指标与相应的GAAP指标一起展示，有助于增强投资者和管理层对公司当前财务表现和未来前景的整体理解[27] - 公司的管理在内部预算过程中使用不包括特定项目和相关所得税影响的财务报表，同时使用非GAAP指标审查公司的财务结果[28] - 公司从适用时的一个或多个非GAAP指标中排除以下项目：股权补偿费用、收购相关无形资产的摊销或减值、项目、转型和交易成本、裁员成本[29][30][31][32] - 公司排除与法律诉讼相关的损益、折扣和债务发行成本的摊销、股权投资的损益等项目，因为它们不反映公司的持续经营结果[33][34][35][36] - 公司还使用自由现金流作为运营绩效和流动性的衡量标准，以提供有关业务产生的现金量的有用信息[38]

Activist Commentary: Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein. The firm made its name taking deeply researched activist positions with well-conceived plans for long term value. Rosenstein called his activist strategy "V cubed." The three "Vs" were" (i) Value: buying at the right price; (ii) Votes: knowing whether you have the votes before commencing a proxy fight; and (iii) Variety of ways to win: having more than one strategy to enhance value and exit an investment. ...

Wolfspeed股价表现 - Wolfspeed股价在最近一个交易日上涨了7.9%，收于23.94美元[1] - 股价通常不会在没有盈利预期修订趋势的情况下持续上涨，因此需要密切关注WOLF的未来走势[5] Wolfspeed发展前景 - Wolfspeed通过组合优化举措已发展成为纯硅碳化物供应商，预计在未来五年内将成为顶尖的硅碳化物器件供应商[2] Wolfspeed财务预测 - Wolfspeed预计在即将发布的季度报告中每股亏损0.64美元，预计收入为2.0149亿美元，同比下降11.9%[3]