Wolfspeed (WOLF) Misses Q4 EPS by 22c, Guidance Misses
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Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2023
August 16, 2023 4:05 PM EDTAnnual Revenue Growth of 24 Percent; Full Fiscal Year Design-Ins Totaling $8.3 Billion
DURHAM, N.C.--(BUSINESS WIRE)-- Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the fourth quarter of fiscal 2023 and the full 2023 fiscal year.
Quarterly Financial Highlights (all comparisons are to the fourth quarter of fiscal 2022)
Revenue of $235.8 million, compared to $228.5 million GAAP gross margin of 27.4%, compared to 34.5% Non-GAAP gross margin of 29.0%, compared to 36.5% GAAP net loss from continuing operations of $113.3 million, or $0.91 per diluted share, compared to... More