Wolfspeed Q4 FY2023: revenue $235.8M, GAAP EPS loss $0.91, design-ins $1.6B

WOLFSPEED, INC.

2023-FY EPS reported -$2.65 revenue$921,900,000

Revenue of $235.8M, up 3% YoY from $228.5M; full-year revenue $921.9M (+24% YoY).
GAAP gross margin fell to 27.4% from 34.5%; non-GAAP gross margin 29.0% from 36.5%.
GAAP net loss from continuing ops $113.3M ($0.91 per share) vs $61.8M loss a year ago.
Non-GAAP net loss $52.8M (-$0.42 per share) vs $26.0M loss a year ago.
Full fiscal year design-ins totaled $8.3B; quarterly design-ins $1.6B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

WOLFSPEED, INC. reported the full 2023 fiscal year results: revenue $921.9 million, net income GAAP net loss from continuing operations of $329.9 million, or $2.65 per diluted share, EPS $2.65 per diluted share.

Period: the full 2023 fiscal year
Revenue: $921.9 million
Net income: GAAP net loss from continuing operations of $329.9 million, or $2.65 per diluted share
EPS: $2.65 per diluted share
Result: reported results

Exact text from the filing

Revenue of $921.9 million, compared to $746.2 million • GAAP gross margin of 30.3%, compared to 33.4% • Non-GAAP gross margin of 32.6%, compared to 35.6% • GAAP net loss from continuing operations of $329.9 million, or $2.65 per diluted share, compared to $295.1 million, or $2.46 per diluted share • Non-GAAP net loss from continuing operations of $180.7 million, or $1.45 per diluted share, compared to $115.4 million*, or $0.96* per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

WOLFSPEED, INC. reported the fiscal fourth quarter ended June 25, 2023 results: revenue $235.8 million, net income GAAP net loss from continuing operations of $113.3 million, or $0.91 per diluted share, EPS $0.91 per diluted share.

Period: the fiscal fourth quarter ended June 25, 2023
Revenue: $235.8 million
Net income: GAAP net loss from continuing operations of $113.3 million, or $0.91 per diluted share
EPS: $0.91 per diluted share
Result: reported results

Exact text from the filing

Revenue of $235.8 million, compared to $228.5 million • GAAP gross margin of 27.4%, compared to 34.5% • Non-GAAP gross margin of 29.0%, compared to 36.5% • GAAP net loss from continuing operations of $113.3 million, or $0.91 per diluted share, compared to $61.8 million, or $0.50 per diluted share • Non-GAAP net loss from continuing operations of $52.8 million, or $0.42 per diluted share, compared to $26.0 million*, or $0.21* per diluted share

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Source: SEC EDGAR

accession 0000895419-23-000053

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