---
schema_version: "secwatch.filing_event.v1"
accession: "0000895419-23-000006"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T10:15:24.307649+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed Q2 FY2023 revenue up 25% to $216.1M; net loss $0.73/sh; guides Q3 rev $210M-$230M

## Summary
- Revenue of $216.1M, up 25% YoY from $173.1M; GAAP gross margin 31.0% vs 32.9% YoY.
- GAAP net loss $90.9M ($0.73/diluted share); non-GAAP net loss $14.2M ($0.11/diluted share).
- Quarterly design-ins totaled $1.5B; new partnerships with Jaguar Land Rover, Mercedes, BorgWarner, ZF.
- Closed $1.75B convertible note offering to support capacity expansion; Mohawk Valley fab revenue expected H2 FY2023.
- Q3 FY2023 guidance: revenue $210M-$230M; GAAP net loss $81M-$88M; non-GAAP net loss $15M-$20M.

## SEC filing metadata
- accession: 0000895419-23-000006
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895419/000089541923000006/0000895419-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000089541923000006/wolf-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000895419-23-000006
- JSON: https://secwatch.observer/filing/0000895419-23-000006.json
- Plain text: https://secwatch.observer/filing/0000895419-23-000006.txt

## Key facts
- Earnings Releases
  WOLFSPEED, INC. reported the second quarter of fiscal 2023 results: revenue $216.1 million, net income net loss of $90.9 million, EPS $0.73 per diluted share.
  - Period: the second quarter of fiscal 2023
  - Revenue: $216.1 million
  - Net income: net loss of $90.9 million
  - EPS: $0.73 per diluted share
  - Result: reported results
  source text: Revenue of $216.1 million, compared to $173.1 million • GAAP gross margin of 31.0%, compared to 32.9% • Non-GAAP gross margin of 33.6%, compared to 35.4% • GAAP net loss of $90.9 million, or $0.73 per diluted share, compared to $96.7 million, or $0.82 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000089541923000006/0000895419-23-000006-index.htm
- Earnings Releases
  WOLFSPEED, INC. reported the third quarter of fiscal 2023 results: revenue $210 million to $230 million, net income $81 million to $88 million, EPS $0.65 to $0.71 per diluted share. Guidance initiated.
  - Period: the third quarter of fiscal 2023
  - Revenue: $210 million to $230 million
  - Net income: $81 million to $88 million
  - EPS: $0.65 to $0.71 per diluted share
  - Guidance: initiated
  - Result: guidance update
  source text: For its third quarter of fiscal 2023, Wolfspeed targets revenue in a range of $210 million to $230 million. GAAP net loss is targeted at $81 million to $88 million, or $0.65 to $0.71 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000089541923000006/0000895419-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.