Wolfspeed (WOLF) Misses Q4 EPS by 22c, Guidance Misses
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/22/2026
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- Pennsylvania measles cases near 800 as outbreak grows
- A timeline of Trump administration moves to weaken endangered species protections
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2023
August 16, 2023 4:05 PM EDTAnnual Revenue Growth of 24 Percent; Full Fiscal Year Design-Ins Totaling $8.3 Billion
DURHAM, N.C.--(BUSINESS WIRE)-- Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the fourth quarter of fiscal 2023 and the full 2023 fiscal year.
Quarterly Financial Highlights (all comparisons are to the fourth quarter of fiscal 2022)
Revenue of $235.8 million, compared to $228.5 million GAAP gross margin of 27.4%, compared to 34.5% Non-GAAP gross margin of 29.0%, compared to 36.5% GAAP net loss from continuing operations of $113.3 million, or $0.91 per diluted share, compared to... More