Wolfspeed (WOLF) Tops Q3 EPS by 2c; Offers FY22 Guidance

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Go back to Wolfspeed (WOLF) Tops Q3 EPS by 2c; Offers FY22 Guidance

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

May 4, 2022 4:05 PM EDT

DURHAM, N.C.--(BUSINESS WIRE)-- Wolfspeed, Inc. (NYSE: WOLF), formerly known as Cree, Inc., today announced revenue of $188.0 million for its third quarter of fiscal 2022, ended March 27, 2022. This represents a 37% increase compared to revenue from continuing operations of $137.3 million reported for the third quarter of fiscal 2021, and a 9% increase compared to the second quarter of fiscal 2022. GAAP net loss from continuing operations was $66.5 million for the third quarter of fiscal 2022 and the third quarter of fiscal 2021. GAAP net loss per diluted share from continuing operations was $0.54 and $0.59 for the third... More