earnings
confidence high
sentiment negative
materiality 0.80
Wolfspeed Q2 revenue $181M (-13% YoY); GAAP gross margin -21%; restructuring costs $188M
WOLFSPEED, INC.
2025-Q2 EPS
reported -$5.12
vs consensus -$0.79
▼ miss
(-549.1%)
- GAAP gross margin negative 21% vs positive 13% a year ago; non-GAAP gross margin 2% vs 16%.
- Revenue $181M, down from $208M; Mohawk Valley Fab revenue $52M vs $12M.
- Restructuring costs $188.1M in Q2; expects $72M in Q3 related to facility consolidation.
- Q3 guidance: revenue $170-200M, GAAP net loss $(295)-(270)M, non-GAAP EPS loss $(0.88)-(0.76).
- Completed $200M ATM equity offering; cites $2.5B+ liquidity including CHIPS and tax credits.