---
schema_version: "secwatch.filing_event.v1"
accession: "0000895419-23-000023"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:56:30.692086+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed Q3 FY2023 revenue up 22% to $228.7M; GAAP net loss widens to $99.5M; first Mohawk Valley product shipped

## Summary
- Revenue $228.7M (+22% YoY); GAAP net loss $99.5M ($0.80 loss per share) vs $66.5M loss last year.
- Non-GAAP net loss $16.0M ($0.13 loss per share); Non-GAAP gross margin 32.3% vs 36.3% a year ago.
- Design-ins totaled $1.7B in Q3, $6.7B year-to-date.
- First product shipped from Mohawk Valley 200mm silicon carbide fab; adjusting FY2024 revenue target to $1B-$1.1B.
- Q4 FY2023 guidance: revenue $212M-$232M; GAAP net loss $98M-$108M.

## SEC filing metadata
- accession: 0000895419-23-000023
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/895419/000089541923000023/0000895419-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000089541923000023/wolf-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000895419-23-000023
- JSON: https://secwatch.observer/filing/0000895419-23-000023.json
- Plain text: https://secwatch.observer/filing/0000895419-23-000023.txt

## Key facts
- Earnings Releases
  WOLFSPEED, INC. reported the fourth quarter of fiscal 2023 results: revenue in a range of $212 million to $232 million, net income at $98 million to $108 million, EPS $0.79 to $0.87 per diluted share. Guidance initiated.
  - Period: the fourth quarter of fiscal 2023
  - Revenue: in a range of $212 million to $232 million
  - Net income: at $98 million to $108 million
  - EPS: $0.79 to $0.87 per diluted share
  - Guidance: initiated
  - Result: guidance update
  source text: For its fourth quarter of fiscal 2023, Wolfspeed targets revenue in a range of $212 million to $232 million. GAAP net loss is targeted at $98 million to $108 million, or $0.79 to $0.87 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000089541923000023/0000895419-23-000023-index.htm
- Earnings Releases
  WOLFSPEED, INC. reported fiscal 2024 results: revenue in a range of $1 billion to $1.1 billion.
  - Period: fiscal 2024
  - Revenue: in a range of $1 billion to $1.1 billion
  - Result: guidance update
  source text: For fiscal 2024, Wolfspeed now targets revenue in a range of $1 billion to $1.1 billion, based on the current ramp plan for 200mm silicon carbide substrate capacity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000089541923000023/0000895419-23-000023-index.htm
- Earnings Releases
  WOLFSPEED, INC. reported the fiscal third quarter ended March 26, 2023 results: revenue $228.7 million, net income $99.5 million, EPS $0.80 per diluted share.
  - Period: the fiscal third quarter ended March 26, 2023
  - Revenue: $228.7 million
  - Net income: $99.5 million
  - EPS: $0.80 per diluted share
  - Result: reported results
  source text: Quarterly Financial Highlights (all comparisons are to the third quarter of fiscal 2022, unless otherwise noted) • Revenue of $228.7 million, compared to $188.0 million • GAAP gross margin of 29.8%, compared to 34.0% • Non-GAAP gross margin of 32.3%, compared to 36.3% • GAAP net loss of $99.5 million, or $0.80 per diluted share, compared to $66.5 million, or $0.54 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000089541923000023/0000895419-23-000023-index.htm

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