Wolfspeed (WOLF) PT Raised to $89 at BofA Securities
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Wolfspeed Reports Financial Results for the Fourth Quarter of Fiscal Year 2022
August 17, 2022 4:05 PM EDTAnnual Revenue Growth of 42 Percent; Record Quarter of Design-Ins Totaling $2.6 Billion
DURHAM, N.C.--(BUSINESS WIRE)-- Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the fourth quarter and full year of fiscal 2022.
Quarterly Financial Highlights (all comparisons are to the prior year period, unless otherwise noted. Figures are continuing operations only)
Revenue of $228.5 million, compared to $145.8 million GAAP gross margin of 34.5%, compared to 30.0% Non-GAAP gross margin of 36.5%, compared to 32.2% GAAP net loss of $61.8 million, or $0.50 per diluted... More