---
schema_version: "secwatch.filing_event.v1"
accession: "0000895419-24-000058"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2024-08-21T23:59:59+00:00"
generated_at: "2026-05-31T08:22:59.382653+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed Q4 rev $201M, GAAP gross margin 1%; Q1 guidance: rev $185-215M, loss $1.54-1.79/share

## Summary
- Revenue $201M (down ~1% YoY); Mohawk Valley fab contributed $41M revenue at 20% utilization, ahead of schedule.
- GAAP gross margin 1% vs 29% YoY, hit by $24M underutilization costs; non-GAAP gross margin 5%.
- EV revenue from Mohawk Valley up 100% YoY; accelerating shift to 200mm fab; assessing closure of Durham 150mm fab.
- Q1 FY2025 guidance: revenue $185-215M; GAAP net loss per diluted share $1.54-1.79; non-GAAP loss $0.90-1.09.
- FY25 net CapEx reduced by ~$200M; $640M in Section 48D tax credits accrued; CHIPS Act capital grant talks ongoing.

## SEC filing metadata
- accession: 0000895419-24-000058
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2024-08-21T23:59:59+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/895419/000089541924000058/0000895419-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000089541924000058/wolf-20240821.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000895419-24-000058
- JSON: https://secwatch.observer/filing/0000895419-24-000058.json
- Plain text: https://secwatch.observer/filing/0000895419-24-000058.txt

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