Wolfspeed (WOLF) PT Raised to $89 at BofA Securities

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Go back to Wolfspeed (WOLF) PT Raised to $89 at BofA Securities

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

August 17, 2022 4:05 PM EDT

Annual 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