{"schema_version":"secwatch.filing_event.v1","accession":"0000895419-24-000034","form_type":"8-K","ticker":"WOLF","cik":"0000895419","company_name":"WOLFSPEED, INC.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.361851+00:00","generated_at":"2026-06-03T03:43:16.728753+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Wolfspeed Q3 FY2024 revenue $201M, gross margin drops to 11%, Mohawk Valley Fab revenue doubles","bullets":["Revenue $201M vs $193M YoY; GAAP gross margin fell to 11% from 31%, due to $30M underutilization costs.","Mohawk Valley Fab revenue $28M, more than doubled sequentially; reached 16% utilization in April, target 20% by June.","Power device design-ins of $2.8B (second highest quarter); design-wins $0.9B, 70% for EV applications.","Q4 FY2024 guidance: revenue $185-215M; GAAP net loss $166-189M ($1.32-$1.50 per diluted share).","Q3 start-up costs $14.4M, underutilization costs $30.4M; Q4 expected ~$20M start-up and ~$29M underutilization."],"urls":{"canonical":"https://secwatch.observer/filing/0000895419-24-000034","json":"https://secwatch.observer/filing/0000895419-24-000034.json","markdown":"https://secwatch.observer/filing/0000895419-24-000034.md","text":"https://secwatch.observer/filing/0000895419-24-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/895419/000089541924000034/0000895419-24-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/895419/000089541924000034/wolf-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:43:16.728753+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":"288f484ce1ea5c599083f47b3250d688b6632bdd","claim":"WOLFSPEED, INC. reported its fourth quarter of fiscal 2024 results: revenue $185 million to $215 million, net income $166 million to $189 million, EPS $1.32 to $1.50 per diluted share. Guidance initiated.","evidence_excerpt":"For its fourth quarter of fiscal 2024, Wolfspeed targets revenue from continuing operations in a range of $185 million to $215 million. GAAP net loss from continuing operations is targeted at $166 million to $189 million, or $1.32 to $1.50 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541924000034/0000895419-24-000034-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"its fourth quarter of fiscal 2024"},{"label":"Revenue","value":"$185 million to $215 million"},{"label":"Net income","value":"$166 million to $189 million"},{"label":"EPS","value":"$1.32 to $1.50 per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"2f8c4b4f5f8913132ff1eb8d3ee5eb8dd15eff8c","claim":"WOLFSPEED, INC. reported financial results for the fiscal third quarter ended March 31, 2024.","evidence_excerpt":"On May 1, 2024 , Wolfspeed, Inc. (the \"Company\") issued a press release announcing results for the fiscal third quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/895419/000089541924000034/0000895419-24-000034-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal third quarter ended March 31, 2024"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}