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Wolfspeed (WOLF)
NYSE:WOLF
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-1.02Last Year’s EPS
-0.55Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2018
|% Change Since: -50.69%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a strategic pivot towards long-term growth and cost efficiency with significant funding secured and operational improvements in progress. However, near-term challenges include revenue pressures, workforce reductions, and lowered CapEx guidance.Company Guidance
During the earnings call for Wolfspeed's Q1 Fiscal Year 2025, the company provided guidance on several key metrics. Wolfspeed aims to achieve an annual targeted revenue of approximately $3 billion by optimizing its capital structure and business operations. The company is focused on transitioning its entire device business to 200-millimeter silicon carbide technology, which is expected to enhance yield and reduce costs. Wolfspeed has secured $2.5 billion in funding, comprising $750 million from the CHIPS Act, $750 million in debt financing, and anticipated $1 billion in tax refunds, to support its U.S. capacity expansion. They are implementing restructuring measures to generate annual cash savings of about $200 million, which includes closing the Durham 150-millimeter fab and a 20% workforce reduction. Furthermore, Wolfspeed reported a Q1 revenue of $195 million, with power revenue at $97 million and materials revenue at $98 million. The company projects Q2 revenue to range between $160 to $200 million and expects to achieve non-GAAP EBITDA profitability in the second half of fiscal 2025.Secured $2.5 Billion in Funding
Wolfspeed secured $750 million in CHIPS Act funding, $750 million in committed debt funding, and expects $1 billion in Section 48D cash tax refunds, amounting to $2.5 billion to support U.S. capacity expansion.
200-Millimeter Fab Transition
Wolfspeed is the first company to transition its entire device business to 200-millimeter, producing superior yields and improved die costs.
EV Revenue Growth
EV revenue grew 2.5x year-over-year, with expectations for continued growth throughout calendar 2025.
Reduction in Operating Expenses
Successful implementation of workforce and facility restructuring is expected to save approximately $200 million annually.
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WOLF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WOLF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $13.71 | $8.33 | -39.24% |
| Aug 21, 2024 | $13.51 | $12.83 | -5.03% |
| May 01, 2024 | $26.11 | $23.56 | -9.77% |
| Jan 31, 2024 | $32.55 | $28.12 | -13.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wolfspeed (WOLF) report earnings?
Wolfspeed (WOLF) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Wolfspeed (WOLF) earnings time?
Wolfspeed (WOLF) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WOLF EPS forecast?
WOLF EPS forecast for the fiscal quarter 2025 (Q2) is -1.02.
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