Wolfspeed affirms Q3 revenue outlook $170M-$200M, consensus $185.66M

Wolfspeed (WOLF) reaffirmed its business outlook for Q3 The company sees revenue from continuing operations of $170M to $200M, non-GAAP gross margin of (3)% to 7%, non-GAAP operating expenses of $99M to $104M, and a non-GAAP net loss (88c) to (76c) per share. The consensus revenue estimate is $185.66M and earnings estimate is (82c).