News

• Wolfspeed dropped 25% to $10.31 after the advanced chipmaker reported lower-than-expected revenue in its latest quarter, and the company's outlook fell short of market expectations. 
  
  Revenue in the fiscal first quarter ending in September decreased to $194.7 million from $197.4 million, net loss from continuing operations expanded to $282.2 million from $123.4 million, and diluted loss per share rose to $2.23 from 99 cents a year ago. 
  
  The company estimated sharply lower revenue in the fiscal second quarter as the organization transitions to more advanc More
  
  Nov 7, 2024
• Wolfspeed dropped 25% to $10.31 after the advanced chipmaker reported lower-than-expected revenue in its latest quarter, and the company's outlook fell short of market expectations. 
  
  Revenue in the fiscal first quarter ending in September decreased to $194.7 million from $197.4 million, net loss from continuing operations expanded to $282.2 million from $123.4 million, and diluted loss per share rose to $2.23 from 99 cents a year ago. 
  
  The company estimated sharply lower revenue in the fiscal second quarter as the organization transitions to more advanced production technology. 
  
  For its second quarter of fiscal 2025, Wolfspeed targets revenue from continuing operations in a range of $160 million to $200 million and GAAP net loss at $401 million to $362 million, or $3.14 to $2.84 per diluted share. 
  
  The company also won a federal grant of $750 million under CHIPS and Science and an additional $750 million from its lending group, increasing its access to $2.5 billion of capital.   Less
  
  Nov 7, 2024

Executive/
Director

Links

YTD

Earnings

Annual Returns

52 Week
High/Low

Annual
Earnings

Chart

Trading Volume

Outstanding Shares
(In Millions) +

Financial Statements
+

Financial Ratios