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Wolfspeed | 8-K: Wolfspeed Reports Financial Results for the Second Quarter of Fiscal Year 2024

Wolfspeed | 8-K:Wolfspeed公布2024财年第二季度的财务业绩

美股sec公告 ·  01/31 16:10
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Wolfspeed, Inc. reported its financial results for the fiscal second quarter ended December 31, 2023, on January 31, 2024. The company saw a 20% year-over-year revenue growth, reaching $208.4 million, with significant contributions from its Mohawk Valley Fab, which tripled its revenue sequentially. The quarter also marked a record in design-wins totaling $2.9 billion, with over 75% related to automotive applications. Despite these gains, GAAP gross margin declined to 13.3% from 32.6% in the previous year, impacted by $35.6 million of underutilization costs. The non-GAAP gross margin also decreased to 16.4% from 35.8%. Wolfspeed completed the sale of its RF Business to MACOM Technology Solutions Holdings, Inc. for $75 million in cash and shares. Looking ahead, Wolfspeed targets a revenue range of $185 million to $215 million for the third quarter of fiscal 2024, with a GAAP net loss from continuing operations projected between $134 million to $155 million. The company continues to focus on scaling up its 200mm wafer production and meeting the growing demand for silicon carbide technology in the EV sector.
Wolfspeed, Inc. reported its financial results for the fiscal second quarter ended December 31, 2023, on January 31, 2024. The company saw a 20% year-over-year revenue growth, reaching $208.4 million, with significant contributions from its Mohawk Valley Fab, which tripled its revenue sequentially. The quarter also marked a record in design-wins totaling $2.9 billion, with over 75% related to automotive applications. Despite these gains, GAAP gross margin declined to 13.3% from 32.6% in the previous year, impacted by $35.6 million of underutilization costs. The non-GAAP gross margin also decreased to 16.4% from 35.8%. Wolfspeed completed the sale of its RF Business to MACOM Technology Solutions Holdings, Inc. for $75 million in cash and shares. Looking ahead, Wolfspeed targets a revenue range of $185 million to $215 million for the third quarter of fiscal 2024, with a GAAP net loss from continuing operations projected between $134 million to $155 million. The company continues to focus on scaling up its 200mm wafer production and meeting the growing demand for silicon carbide technology in the EV sector.
Wolfspeed, Inc.于2024年1月31日公布了截至2023年12月31日的第二财季财务业绩。该公司的收入同比增长20%,达到2.084亿美元,其中莫霍克谷工厂的巨额捐款,该工厂的收入连续增长了三倍。本季度还创下了总额为29亿美元的设计胜利记录,其中超过75%与汽车应用有关。尽管取得了这些增长,但受3560万美元未充分利用成本的影响,GAAP毛利率从上一年的32.6%下降至13.3%。非公认会计准则毛利率也从35.8%降至16.4%。Wolfspeed以7500万美元的现金和股票完成了向MACOM Technology Solutions Holdings, Inc.出售其射频业务的...展开全部
Wolfspeed, Inc.于2024年1月31日公布了截至2023年12月31日的第二财季财务业绩。该公司的收入同比增长20%,达到2.084亿美元,其中莫霍克谷工厂的巨额捐款,该工厂的收入连续增长了三倍。本季度还创下了总额为29亿美元的设计胜利记录,其中超过75%与汽车应用有关。尽管取得了这些增长,但受3560万美元未充分利用成本的影响,GAAP毛利率从上一年的32.6%下降至13.3%。非公认会计准则毛利率也从35.8%降至16.4%。Wolfspeed以7500万美元的现金和股票完成了向MACOM Technology Solutions Holdings, Inc.出售其射频业务的交易。展望未来,Wolfspeed的目标是2024财年第三季度的收入在1.85亿美元至2.15亿美元之间,持续经营业务的GAAP净亏损预计在1.34亿美元至1.55亿美元之间。该公司继续专注于扩大其200mm晶圆产量,满足电动汽车领域对碳化硅技术不断增长的需求。
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