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Wolfspeed Inc   (WOLF)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 
Price: $25.0500 $-1.03 -3.949%
Day's High: $26.0166 Week Perf: -13.5 %
Day's Low: $ 24.73 30 Day Perf: -10.6 %
Volume (M): 4,203 52 Wk High: $ 70.42
Volume (M$): $ 105,295 52 Wk Avg: $43.82
Open: $26.01 52 Wk Low: $23.54



 Market Capitalization (Millions $) 3,146
 Shares Outstanding (Millions) 126
 Employees 4,017
 Revenues (TTM) (Millions $) 869
 Net Income (TTM) (Millions $) -620
 Cash Flow (TTM) (Millions $) -181
 Capital Exp. (TTM) (Millions $) 1,777

Wolfspeed Inc
Wolfspeed, Inc. is an innovator of wide bandgap semiconductors, focused on Silicon Carbide and gallium nitride (GaN) materials and devices for power and radio-frequency (RF) applications. Our product families include Silicon Carbide and GaN materials, power devices and RF devices, and our products are targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense.

Silicon Carbide and GaN Materials

Our Silicon Carbide materials products consist of Silicon Carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on Silicon Carbide wafers. Our Silicon Carbide materials are targeted for customers who use them to manufacture products for RF, power and other applications. Corporate, government and university customers also buy Silicon Carbide and GaN materials for research and development directed at RF and power devices.
Power Devices
Our power device products consist of Silicon Carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs) and power modules. Our Silicon Carbide power products provide increased efficiency and faster switching speeds and as a result, reduced system size and weight over comparable silicon power devices. Power products are sold to customers and distributors for use in applications such as electric vehicles, including charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies and other applications.
RF Devices

Our RF devices consist of GaN-based die, high-electron mobility transistors (HEMTs), monolithic microwave integrated circuits (MMICs), and laterally diffused MOSFET (LDMOS) power transistors that are optimized for next generation telecommunications infrastructure, military and other commercial applications. Our RF devices are made from silicon, Silicon Carbide and GaN and can provide improved efficiency, bandwidths and frequency of operation as compared to silicon or gallium arsenide (GaAs). We also provide custom die manufacturing for GaN HEMTs and MMICs that allow a customer to design its own custom RF circuits to be fabricated by us, or have us design and fabricate products that meet their specific requirements.


   Company Address: 4600 Silicon Drive Durham 27703 NC
   Company Phone Number: 407-5300   Stock Exchange / Ticker: NYSE WOLF
   


Customers Net Income fell by WOLF's Customers Net Profit Margin fell to

-0.55 %

14.27 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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TXN   -3.2%    
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Wolfspeed Inc

Wolfspeed Inc Roars Despite Minor Setback: Unyielding Success Along Fiscal Time-frame Closes Dec 31, 2023



Wolfspeed Inc, a renowned leader in advanced silicon carbide technology, recently released its financial results for the fiscal year ending December 31, 2023. The company witnessed a lower revenue, resulting in diminishing returns. Additionally, there was a significant decline in earnings per share (EPS) compared to the previous year. The article examines these financial outcomes, discusses the contrasting performance of the Semiconductors sector, analyzes the impact of increased inventories and declining accounts receivable, and provides insights into a new agreement that may influence future results.
Financial Overview:
In the fiscal year 2023, Wolfspeed Inc experienced a -3.841% decrease in revenue, which amounted to $207.80 million. This decline contributed to a larger shortfall per share of $-1.15, compared to $-0.73 in the previous reporting period. The net shortfall for the year was $-18.800 million, significantly higher than the $-0.400 million reported a year ago. It is evident that the company faced challenges in generating sufficient revenue and controlling its expenses.

Product Service News

Wolfspeed Enlarges $275 Million Contract with Key Global Semiconductor Firm Despite Revenue Challenges

Published Wed, Jan 31 2024 1:00 PM UTC

Renowned for leading the industry with its advanced silicon carbide technology, Wolfspeed, Inc. (NYSE: WOLF) declared today the broadening of a long-existing silicon carbide wafer supply arrangement with a chief global semiconductor company. Initially, this extensive accord is valued at about $275 million.Under the terms of the expanded agreement, Wolfspeed is committed to f...

Contract

Infineon and Wolfspeed Supercharge Silicon Carbide Partnership, Empowering Next-Generation Power Electronics

Published Tue, Jan 23 2024 10:00 AM UTC

Infineon and Wolfspeed Expand and Extend Partnership in Silicon Carbide Wafer Supply MUNICH & DURHAM, N.C. - In a move that highlights the growing prominence of silicon carbide technology in the semiconductor industry, Infineon Technologies AG and Wolfspeed, Inc. have announced the expansion and extension of their existing long-term 150mm silicon carbide wafer supply agreeme...

Merger and Acquisition

Strategic Sale Boosts Wolfspeed's Shares and Fuels Wide Bandgap Semiconductor Advancements

Published Mon, Dec 4 2023 2:00 PM UTC



Wolfspeed Inc, a leading player in wide bandgap semiconductors, recently announced the successful completion of the sale of its radio frequency business, Wolfspeed RF, to MACOM Technology Solutions Holdings, Inc. The deal, which became effective on December 2, 2023, has brought significant financial gains and market value to Wolfspeed Inc.
As part of the transa...

Wolfspeed Inc

Wolfspeed Inc's Losses Deepen in Q3 2023, Signaling Challenges Ahead for Silicon Carbide Leader



Wolfspeed Inc, the global leader in silicon carbide technology, recently released its financial results for the July to September 24, 2023 fiscal period. The report highlighted a significant increase in losses per share compared to the previous year, along with a decline in revenue. Additionally, the company witnessed a noticeable rise in inventories, while accounts receivable decreased, possibly indicating a slowing demand. These results and trends shed light on the company's challenges and provide insight into its future financial performance.
Loss per Share:
In the Q3 2023 fiscal period, Wolfspeed Inc reported a loss per share of $-3.16, a substantial increase from $-0.21 in the same period the previous year. Moreover, the loss per share grew from $-0.90 in the preceding quarter. This significant deterioration in earnings per share raises concerns about the company's financial stability and profitability. Investors may closely monitor the company's actions to rectify this negative trend.






 

Wolfspeed Inc's Segments
 
 
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