Picture of Wolfspeed (Pre-Reincorporation) logo

WOLF — Wolfspeed (Pre-Reincorporation) News Story

0.000.00%
us flag iconLast trade - 00:00
TechnologySpeculativeMid CapTurnaround

Wolfspeed Q4 revenue beats expectations

Overview

Wolfspeed fiscal Q4 rev of $197 mln beats analyst expectations, per LSEG data

Adjusted EPS for fiscal Q4 meets analyst expectations

Co is undergoing restructuring to emerge from Chapter 11 with stronger finances

Result Drivers

MOHAWK VALLEY FAB - Contributed $94.1 mln in revenue, up from $41 mln in the same qtr last yr

UNDERUTILIZATION COSTS - GAAP and non-GAAP gross margins include impacts of $23.6 mln in underutilization costs due to start of production at Mohawk Valley Fab

Key Details

MetricBeat/MissCurrentConsensus Estimate
Q4 RevenueBeat$197 million$191.80 mln (6 Analysts)
Q4 Adjusted EPSMeet-$0.77-$0.77 (6 Analysts)
Q4 Net Income-$669.30 million
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 3 "sell" or "strong sell" The average consensus recommendation for the semiconductors peer group is "buy." Wall Street's median 12-month price target for Wolfspeed Inc is $4.00, about 65.8% above its August 22 closing price of $1.37 Press Release: ID:nBw9NkZGva (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Wolfspeed (Pre-Reincorporation)

See all news