Wolfspeed (WOLF) Tops Q2 EPS by 2c, Offers Guidance

January 26, 2022 4:26 PM EST

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Wolfspeed (NYSE: WOLF) reported Q2 EPS of ($0.16), $0.02 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $173.1 million versus the consensus estimate of $169.3 million.


Wolfspeed sees Q3 2022 EPS of ($0.12)-($0.16), versus the consensus of ($0.17). Wolfspeed sees Q3 2022 revenue of $185-195 million, versus the consensus of $182 million.

  • For its third quarter of fiscal 2022, Wolfspeed targets revenue in a range of $185 million to $195 million. GAAP net loss is targeted at $66 million to $71 million, or $0.53 to $0.57 per diluted share. Non-GAAP net loss is targeted to be in a range of $15 million to $20 million, or $0.12 to $0.16 per diluted share. Targeted non-GAAP net loss excludes $51 million of estimated expenses, net of tax, related to stock-based compensation expense, amortization or impairment of acquisition-related intangibles, factory optimization restructuring and start-up costs, interest income from transaction-related note receivable and project, transformation, transaction and transition costs.

For earnings history and earnings-related data on Wolfspeed (WOLF) click here.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance

Related Entities

Earnings, Definitive Agreement