Wolfspeed Reports Financial Results for the Third Quarter of Fiscal Year 2025

About this update from Wolfspeed, Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1200,"height":393,"url":"https://media.zenfs.com/en/business-wire.com/2b6cc13f60749ca5d5003828cdf7b4d1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nv4zpuhdUzUEsG83tmUWgw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMxNDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/2b6cc13f60749ca5d5003828cdf7b4d1","width":960,"height":314},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/tRBBPiY4X8ThSmI7N_NICA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD03ODY7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/2b6cc13f60749ca5d5003828cdf7b4d1","width":1200,"height":393}},"lazy":false},{"type":"text","content":"DURHAM, N.C., May 08, 2025--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2025.","length":139,"tagName":"p"},{"type":"text","content":"Quarterly Financial Highlights (Continuing operations only. All comparisons are to the third quarter of fiscal 2024.)","length":117,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Consolidated revenue of $185 million, as compared to $201 million","length":65,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Mohawk Valley Fab contributed $78 million in revenue, as compared to $28 million","length":80,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":80,"olType":false}]},{"val":[{"type":"text","content":"GAAP gross margin of (12)%, compared to 11%","length":43,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Non-GAAP gross margin of 2%, compared to 15%","length":44,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"GAAP and non-GAAP gross margin includes the impacts of underutilization costs primarily in connection with the start of production at the Mohawk Valley Fab. Underutilization was $26.3 million as compared to $30.4 million.","length":221,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":221,"olType":false}]},{"val":[{"type":"text","content":"GAAP loss per share of ($1.86), compared to ($1.18)","length":51,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Non-GAAP loss per share of ($0.72), compared to ($0.62)","length":55,"tagNam...

More updates from Wolfspeed, Inc.