{"schema_version":"secwatch.filing_event.v1","accession":"0000895419-23-000121","form_type":"8-K","ticker":"WOLF","cik":"0000895419","company_name":"WOLFSPEED, INC.","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.320702+00:00","generated_at":"2026-06-09T06:29:20.214058+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Wolfspeed Q1 FY2024 revenue up 4% to $197.4M; GAAP gross margin drops to 12.5% on $34.4M underutilization costs","bullets":["Revenue $197.4M (+4% YoY); Mohawk Valley Fab contributed $4M; design-ins $2.2B; record design-wins >$1B.","GAAP gross margin 12.5% vs 35.7% YoY; non-GAAP 15.6% vs 38.8%; underutilization costs $34.4M (1740 bps impact).","Q2 FY2024 guidance: revenue $192-222M; GAAP net loss $131-153M ($1.04-$1.22/share); adj. net loss $0.56-$0.70.","Sale of RF product line to MACOM for ~$125M ($75M cash + stock); expected close by end of calendar 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000895419-23-000121","json":"https://secwatch.observer/filing/0000895419-23-000121.json","markdown":"https://secwatch.observer/filing/0000895419-23-000121.md","text":"https://secwatch.observer/filing/0000895419-23-000121.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000121/0000895419-23-000121-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000121/wolf-20231030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:29:20.214058+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"50314dd955b90cffbe336deadf5e71fcb511898a","claim":"WOLFSPEED, INC. reported first quarter of fiscal 2024 results: revenue $197.4 million.","evidence_excerpt":"Consolidated revenue of $197.4 million, compared to $189.4 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000121/0000895419-23-000121-index.htm","confidence":0.96,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal 2024"},{"label":"Revenue","value":"$197.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"504567cd9b075eb27178fc3f53f76242eca132cc","claim":"WOLFSPEED, INC. reported second quarter of fiscal 2024 results: revenue $192 million to $222 million, net income $131 million to $153 million, EPS $1.04 to $1.22 per diluted share.","evidence_excerpt":"For its second quarter of fiscal 2024, Wolfspeed targets revenue from continuing operations in a range of $192 million to $222 million. GAAP net loss from continuing operations is targeted at $131 million to $153 million, or $1.04 to $1.22 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541923000121/0000895419-23-000121-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of fiscal 2024"},{"label":"Revenue","value":"$192 million to $222 million"},{"label":"Net income","value":"$131 million to $153 million"},{"label":"EPS","value":"$1.04 to $1.22 per diluted share"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}