secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000895419-23-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541923000023/0000895419-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541923000023/wolf-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000895419-23-000023

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