---
schema_version: "secwatch.filing_event.v1"
accession: "0000895419-24-000006"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:31:29.423900+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed Q2 rev $208.4M (+20% YoY); GAAP gross margin falls to 13.3%; Mohawk Valley fab rev triples QoQ

## Summary
- Revenue of $208.4M up 20% YoY; GAAP gross margin 13.3% vs 32.6% YoY, hurt by $35.6M underutilization costs.
- Mohawk Valley Fab revenue $12M, tripled sequentially; on track for 20% utilization by Q4 FY2024.
- Record quarterly design-wins of $2.9B, over 75% from automotive; power device design-ins $2.1B.
- Q3 FY2024 guidance: revenue $185-215M, GAAP net loss $1.07-$1.23/sh, non-GAAP net loss $0.57-$0.69/sh.
- Completed sale of RF Business to MACOM for $75M cash plus 711,528 MACOM shares.

## SEC filing metadata
- accession: 0000895419-24-000006
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2024-01-31T23:59:59+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/895419/000089541924000006/0000895419-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000089541924000006/wolf-20240131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000895419-24-000006
- JSON: https://secwatch.observer/filing/0000895419-24-000006.json
- Plain text: https://secwatch.observer/filing/0000895419-24-000006.txt

## Key facts
- Earnings Releases
  WOLFSPEED, INC. reported financial results for second quarter of fiscal 2024.
  - Period: second quarter of fiscal 2024
  - Result: reported results
  source text: On January 31, 2024, Wolfspeed, Inc. (the "Company") issued a press release announcing results for the fiscal second quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895419/000089541924000006/0000895419-24-000006-index.htm

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