Wolfspeed Inc.


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SKU: WOLF Category:


Wolfspeed, Inc. delivered a strong result and managed an all-around beat in the last quarter, surpassing expectations with revenue, gross margin, and EPS results at the upper end of the guidance range. Notably, the quarter saw a significant revenue increase of $4 million from Mohawk Valley, reaching $197 million in total revenue from continuing operations. This exceeded the updated guidance range of $185 million to $205 million, reflecting a 4.2% YoY growth. The power device revenue faced challenges due to slower industrial and energy demand, primarily in China and Asia, although partially offset by the successful revenue ramp in Mohawk Valley. The 150-millimeter substrate revenue achieved a significant quarter, surpassing expectations and driven by the Durham materials operations team’s strong demand and exceptional manufacturing performance. Ending the quarter with over $3.3 billion in cash and liquidity, Wolfspeed’s team remains well-positioned for its growth plans. The second quarter outlook targets revenue from $192 million to $222 million, driven by incremental revenue from Mohawk Valley.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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