Wolfspeed (WOLF) Reports Q1 Loss of $0.21, Offers Q2 Guidance

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Go back to Wolfspeed (WOLF) Reports Q1 Loss of $0.21, Offers Q2 Guidance

Wolfspeed Reports Financial Results for the First Quarter of Fiscal Year 2022

October 27, 2021 4:05 PM EDT

DURHAM, N.C.--(BUSINESS WIRE)-- Wolfspeed, Inc. (NYSE: WOLF), formerly known as Cree, Inc., today announced revenue of $156.6 million for its first quarter of fiscal 2022, ended September 26, 2021. This represents a 36% increase compared to revenue from continuing operations of $115.5 million reported for the first quarter of fiscal 2020, and a 7% increase compared to the fourth quarter of fiscal 2021. GAAP net loss from continuing operations for the first quarter of fiscal 2022 was $70.1 million, or $0.60 per diluted share, compared to GAAP net loss from continuing operations of $75.3 million, or $0.69 per diluted share, for the first... More