Wolfspeed (WOLF) Misses Q4 EPS by 22c, Guidance Misses

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Go back to Wolfspeed (WOLF) Misses Q4 EPS by 22c, Guidance Misses

Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2023

August 16, 2023 4:05 PM EDT

Annual 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