Wolfspeed (WOLF) Tops Q3 EPS by 1c, Offers Guidance

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Go back to Wolfspeed (WOLF) Tops Q3 EPS by 1c, Offers Guidance

Wolfspeed Reports Financial Results for the Third Quarter of Fiscal Year 2024

May 1, 2024 4:06 PM EDT

Mohawk Valley Fab Revenue more than Doubled Sequentially; On Track for 20% Utilization in Fourth Quarter of Fiscal 2024

$2.8 Billion of Design-Ins, Second Highest Quarter on Record

DURHAM, N.C.--(BUSINESS WIRE)-- Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2024.

Quarterly Financial Highlights (Continuing operations only. All comparisons are to the third quarter of fiscal 2023)

Consolidated revenue of approximately $201 million, compared to approximately $193 million Mohawk Valley Fab contributed... More