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Wolfspeed | 8-K: Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2024

Wolfspeed | 8-K: Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2024

Wolfspeed | 8-K:Wolfspeed公佈了第四季度和2024財年的財務業績
美股SEC公告 ·  08/21 16:10

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Wolfspeed, Inc. reported its financial results for the fourth quarter and full fiscal year 2024 on August 21, 2024. The company, a leader in silicon carbide technologies, saw a 100% year-over-year growth in EV revenue, driven by momentum at its Mohawk Valley Fab. The facility is expected to reach 25% utilization in Q1FY25, ahead of schedule. Wolfspeed plans to accelerate the transition of device fabrication to the 200mm Mohawk Valley Fab and is assessing the timing for closing the 150mm Durham Device Fab, which is anticipated to reduce FY25 net CapEx spend by $200 million. The fourth quarter saw consolidated revenue of approximately $201 million, a slight decrease from $203 million in the same quarter of the previous year. The company reported a GAAP gross margin of 1%, down from 29%, and...Show More
Wolfspeed, Inc. reported its financial results for the fourth quarter and full fiscal year 2024 on August 21, 2024. The company, a leader in silicon carbide technologies, saw a 100% year-over-year growth in EV revenue, driven by momentum at its Mohawk Valley Fab. The facility is expected to reach 25% utilization in Q1FY25, ahead of schedule. Wolfspeed plans to accelerate the transition of device fabrication to the 200mm Mohawk Valley Fab and is assessing the timing for closing the 150mm Durham Device Fab, which is anticipated to reduce FY25 net CapEx spend by $200 million. The fourth quarter saw consolidated revenue of approximately $201 million, a slight decrease from $203 million in the same quarter of the previous year. The company reported a GAAP gross margin of 1%, down from 29%, and a non-GAAP gross margin of 5%, down from 31%. The full fiscal year revenue was approximately $807 million, up from $759 million, with a GAAP gross margin of 10% and a non-GAAP gross margin of 13%. CEO Gregg Lowe highlighted the company's focus on optimizing capital structure and driving performance at the state-of-the-art Mohawk Valley fab. For Q1FY25, Wolfspeed targets revenue from continuing operations in the range of $185 million to $215 million, with a GAAP net loss targeted at $226 million to $194 million, or $1.79 to $1.54 per diluted share. Non-GAAP net loss from continuing operations is targeted to be in a range of $138 million to $114 million, or $1.09 to $0.90 per diluted share.
Wolfspeed公司於2024年8月21日公佈了2024財年第四季度和全年財務業績。該公司是碳化硅技術的領先者,電動車營業收入同比增長100%,受益於Mohawk Valley工廠的勢頭。該工廠預計在2025財年第一季度達到25%的利用率,提前完成計劃。Wolfspeed計劃加速將器件製造轉移到直徑200mm的Mohawk Valley工廠,並正在評估關閉預計可減少2025財年淨資本支出2億元的直徑150mm Durham器件工廠的時間。第四季度的合併營業收入約爲2.01億美元,略低於去年同期的2.03億美元。公司報告的按照美國通用會計準則(GAAP)的毛利率爲1%,低於去年同期的29%,非...展開全部
Wolfspeed公司於2024年8月21日公佈了2024財年第四季度和全年財務業績。該公司是碳化硅技術的領先者,電動車營業收入同比增長100%,受益於Mohawk Valley工廠的勢頭。該工廠預計在2025財年第一季度達到25%的利用率,提前完成計劃。Wolfspeed計劃加速將器件製造轉移到直徑200mm的Mohawk Valley工廠,並正在評估關閉預計可減少2025財年淨資本支出2億元的直徑150mm Durham器件工廠的時間。第四季度的合併營業收入約爲2.01億美元,略低於去年同期的2.03億美元。公司報告的按照美國通用會計準則(GAAP)的毛利率爲1%,低於去年同期的29%,非通用會計準則(非GAAP)的毛利率爲5%,低於去年同期的31%。全財年營業收入約爲8.07億美元,高於7.59億美元,按照GAAP的毛利率爲10%,非GAAP的毛利率爲13%。首席執行官Gregg Lowe強調了公司優化資本結構,並在Mohawk Valley工廠實現業績提升的重點。對於2025財年第一季度,Wolfspeed的持續營運業務收入目標區間爲1.85億美元至2.15億美元,按照GAAP的淨虧損目標爲2.26億至1.94億美元,每股稀釋盈利爲1.79至1.54美元。非GAAP持續營運業務淨虧損目標爲1.38億至1.14億美元,每股稀釋盈利爲1.09至0.90美元。
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