Wolfspeed, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
January 31, 2024 at 04:06 pm EST
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Wolfspeed, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 208.4 million compared to USD 173.8 million a year ago. Net loss was USD 144.7 million compared to USD 90.9 million a year ago. Basic loss per share from continuing operations was USD 1 compared to USD 0.58 a year ago. Diluted loss per share from continuing operations was USD 1 compared to USD 0.58 a year ago. Basic loss per share was USD 1.15 compared to USD 0.73 a year ago. Diluted loss per share was USD 1.15 compared to USD 0.73 a year ago.
For the six months, sales was USD 405.8 million compared to USD 363.2 million a year ago. Net loss was USD 540.4 million compared to USD 117.1 million a year ago. Basic loss per share from continuing operations was USD 1.99 compared to USD 0.69 a year ago. Diluted loss per share from continuing operations was USD 1.99 compared to USD 0.69 a year ago. Basic loss per share was USD 4.31 compared to USD 0.94 a year ago. Diluted loss per share was USD 4.31 compared to USD 0.94 a year ago.
Wolfspeed, Inc. is a semiconductor company focused on silicon carbide technologies. The Company provides solutions for efficient energy consumption and a sustainable future. Its product families include silicon carbide material and power devices targeted for various applications such as electric vehicles, fast charging, and renewable energy and storage. Its products include Discrete MOSFETs, Discrete Schottky Diodes, Bare Die MOSFETs, Bare Die Schottky Diodes, Power Modules, Gate Driver Boards, Evaluation Kits, Reference Designs and Materials Products. The Companyâs silicon carbide fabrication facility is located in Marcy, New York.
WOLFSPEED, INC. 
