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

Wolfspeed | 8-K:Wolfspeed公佈2024財年第二季度的財務業績

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.於2024年1月31日公佈了截至2023年12月31日的第二財季財務業績。該公司的收入同比增長20%,達到2.084億美元,其中莫霍克谷工廠的巨額捐款,該工廠的收入連續增長了三倍。本季度還創下了總額爲29億美元的設計勝利記錄,其中超過75%與汽車應用有關。儘管取得了這些增長,但受3560萬美元未充分利用成本的影響,GAAP毛利率從上一年的32.6%下降至13.3%。非公認會計准則毛利率也從35.8%降至16.4%。Wolfspeed以7500萬美元的現金和股票完成了向MACOM Technology Solutions Holdings, Inc.出售其射頻業務的...展開全部
Wolfspeed, Inc.於2024年1月31日公佈了截至2023年12月31日的第二財季財務業績。該公司的收入同比增長20%,達到2.084億美元,其中莫霍克谷工廠的巨額捐款,該工廠的收入連續增長了三倍。本季度還創下了總額爲29億美元的設計勝利記錄,其中超過75%與汽車應用有關。儘管取得了這些增長,但受3560萬美元未充分利用成本的影響,GAAP毛利率從上一年的32.6%下降至13.3%。非公認會計准則毛利率也從35.8%降至16.4%。Wolfspeed以7500萬美元的現金和股票完成了向MACOM Technology Solutions Holdings, Inc.出售其射頻業務的交易。展望未來,Wolfspeed的目標是2024財年第三季度的收入在1.85億美元至2.15億美元之間,持續經營業務的GAAP淨虧損預計在1.34億美元至1.55億美元之間。該公司繼續專注於擴大其200mm晶圓產量,滿足電動汽車領域對碳化硅技術不斷增長的需求。
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