Wolfspeed Inc

WOLF

Equity

ISIN US9778521024 / Valor 113979053

New York Stock Exchange, Inc (2025-04-04)

USD 2.64-2.58%

Wolfspeed Inc
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About company

Wolfspeed Inc. is a pioneering company in the semiconductor industry, specializing in the production and supply of silicon carbide (SiC) materials and devices. The company is recognized for its leadership in developing SiC MOSFETs, Schottky Diodes, and Power Modules, which are integral components for high-power applications across various industries. With over 35 years of experience, Wolfspeed has been at the forefront of commercializing silicon carbide technology, offering innovative solutions that enhance the performance of next-generation applications and devices. The company has significantly expanded its manufacturing capabilities, including the opening of the world's largest Silicon Carbide fabrication facility in Marcy, New York, which is designed to meet automotive qualifications and is capable of producing 200mm wafers. This expansion is supported by the company's efforts to increase its materials production through factory expansions in Durham, North Carolina, and the construction of the largest materials manufacturing facility in Siler City, North Carolina. Wolfspeed's commitment to advancing silicon carbide technology is evident in its comprehensive offerings, including Reference Designs, Evaluation Kits, and Gate Driver Boards, which facilitate the adoption of SiC products in high-power applications.

Summarized from source with an LLMView SourceSector: Technology

Revenue Outlook

Wolfspeed Inc. has provided a revenue outlook for the second quarter of fiscal 2025, targeting a range between $160 million and $200 million. This projection reflects the company's expectations for its ongoing operations and market conditions.

Net Loss Projections

For the second quarter of fiscal 2025, Wolfspeed Inc. anticipates a GAAP net loss ranging from $401 million to $362 million, translating to a loss of $3.14 to $2.84 per diluted share. The non-GAAP net loss is expected to be between $145 million and $114 million, or $1.14 to $0.89 per diluted share.

Restructuring Costs

During the first quarter of fiscal 2025, Wolfspeed Inc. incurred $87.1 million in restructuring-related costs as part of its facility closure and consolidation plan. These costs are part of the company's strategy to optimize its cost structure and transition to 200mm silicon carbide devices.

Factory Start-up and Underutilization Costs

In the first quarter of fiscal 2025, Wolfspeed Inc. reported $19.7 million in factory start-up costs and $26.4 million in underutilization costs. These expenses are associated with the company's efforts to ramp up new facilities and achieve expected utilization levels.

Automotive Business Growth

Wolfspeed Inc. experienced significant growth in its automotive business, with a 2.5 times year-over-year increase in the first quarter of fiscal 2025. The company expects continued growth in its EV revenue through calendar 2025, driven by an increase in car models using Wolfspeed's silicon carbide solutions.

Summarized from source with an LLMView Source

Key figures

-90.2%1Y

-97.7%3Y

-92.2%5Y

Performance

145%1Y

103%3Y

88.9%5Y

Volatility