secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0000895419-23-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541923000006/0000895419-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541923000006/wolf-20230125.htm
  HTML page:      https://secwatch.observer/filing/0000895419-23-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer