Wolfspeed, Inc. provides silicon carbide and gallium nitride (GaN) materials, power devices, and radio frequency (RF) devices based on wide bandgap semiconductor materials and silicon. The company's silicon carbide and GaN materials comprise silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers. It offers silicon carbide materials for customers to manufacture products for RF, power, and other applications. The company's power devices include silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for customers and distributors to use in applications, such as electric vehicles comprising charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. Its RF devices comprise GaN-based die, high-electron mobility transistors, monolithic microwave integrated circuits, and laterally diffused MOSFET power transistors for telecommunications infrastructure, military, and other commercial applications. The company's products are also used in transportation, fast charging, wireless systems, 5G, motor drives, renewable energy and storage, and aerospace and defense applications; and materials products and RF devices are used in military communications, radar, satellite, and telecommunication applications. It serves customers in North America, Asia, and Europe. The company was formerly known as Cree, Inc. and changed its name to Wolfspeed, Inc. in October 2021. Wolfspeed, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.

Wolfspeed, Inc.

For more than 30 years, Wolfspeed has been the global leader in Silicon Carbide technology and production—harnessing its power to change the world for the better. Our customers leverage our disruptive technology to create products that support a more efficient, sustainable future. Our solutions allow for breakthroughs within various industries and applications, including electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. Our people dedicate themselves to creating a global semiconductor powerhouse driving the worldwide transition from silicon to Silicon Carbide. For additional product and company information, please visit www.wolfspeed.com.

Apollo

Wolfspeed

The move toward #siliconcarbide stands as a prominent trend influencing the #semiconductor industry, with high demand for #EVs serving as the pivotal force behind the transition.    

We are excited to commence the new year at CES in Las Vegas, engaging with customers and partners to explore new opportunities for harnessing energy-efficient silicon carbide to power the future of #mobility. 

The global endeavor towards a more interconnected, electrified, and environmentally responsible world is one that can only be achieved through collaboration, and we’re proud to do our part! 

 #CES2024 
#WeAreWolfspeed

Power-up your knowledge on using #siliconcarbide in heat pump and air conditioning designs to increase efficiency, while reducing system size and audible noise, during our upcoming webinar: https://ow.ly/k3rB50QsyjF  
 
Our silicon carbide #MOSFETs and power modules can enable up to 2.5% overall efficiency improvement and reduce system losses by up to 50% while meeting global efficiency standards to help future-proof our planet. 
 
#WeAreWolfspeed

Recently, we joined Munro Live with Texas Instruments to discuss how we successfully collaborated to speed up time to market for automotive design engineers.  
 
Watch the podcast now to see how our joint reference design provides a path to greater #EV range by pairing TI’s adjustable slew-rate SiC MOSFET gate drivers with our high-power density #siliconcarbide XM power modules: https://bit.ly/48ZLP56

#Siliconcarbide is driving the #electrification of the future.    

To address steepening demand, we’re committed to bolstering our global manufacturing positioning. 

With more than 35 years of demonstrated silicon carbide leadership, our investments further position us to fast-track the transition to a cleaner, more electrified tomorrow: https://ow.ly/4uKH50QrOiJ    

#WeAreWolfspeed

Just as the ABB FIA Formula E World Championship and our partnership with Jaguar TCS Racing are rooted in advancing innovation, so are the cities we’re racing in. The season begins with the #MexicoCityEPrix, and Mexico is home to one of the world’s largest urban solar farms, featuring 30,000 solar panels.    

Did you know that beyond #EVs, our #siliconcarbide technology helps power similar solar applications? Replacing traditional silicon with silicon carbide in solar energy systems can reduce losses by up to 70%: https://ow.ly/H83I50QqC9Z  

 #SiCInnovation #PoweredByWolfspeed #WeAreWolfspeed

Celebrate with us as we extend congratulations to our very own Elif Balkas for her recognition by Global Woman Leader. 
                             
Elif has proven to be a visionary, playing a pivotal role in advancing our technology and products to help power a better world. 

This recognition stands as a testament to her exceptional leadership, innovation and unwavering dedication – from fortifying our community to progressing energy-saving #siliconcarbide tech. 

Well-deserved, Elif!

Join Wolfspeed’s Guy Moxey in our upcoming webinar, where he will demonstrate how our cutting-edge #siliconcarbide devices meet global efficiency targets for heat pump and air conditioner systems, enabling up to 2.5% overall efficiency improvement while delivering notable reductions in overall system size, cost, and audible noise: https://ow.ly/TZe450Qolfq    

#WeAreWolfspeed

Named in tribute to our late founder, a pioneering figure in the semiconductor space, The John Palmour Manufacturing Center for Silicon Carbide is  poised to bolster the #siliconcarbide supply chain for our present and forthcoming device fabs. 

This project plays a crucial role in spearheading the industry-transforming, once-in-a-generation technology shift from silicon to silicon carbide.  

Learn more about the facility here: https://ow.ly/WcYA50QnvuE 

#WeAreWolfspeed

With its transformative impact on various industries, #siliconcarbide is shaping the world of tomorrow, making it smarter, more efficient and more connected than ever before.  

The revolutionary #semiconductor material is propelling us into a future of immense possibilities - a future where #energyefficiency, #sustainability, and technological advancements converge, allowing us to #PowerMoreConsumeLess.  

Explore a few of the ways our silicon carbide stands out from the rest by unleashing unprecedented performance: https://ow.ly/XL1W50QkQ3W  

#WeAreWolfspeed

Saving the world energy is at the heart of what we do, and we love that our interns and team members are just as passionate about it!  

If you’re like Matt and have a keen interest in advancing a more #sustainable future, let’s talk: https://ow.ly/qSKI50QjPSb  

#WolfspeedIntern 
#WeAreWolfspeed 
#RunWithWolfspeed

	Jun '14	Jun '15	Jun '16	Jun '17	Jun '18	Jun '19	Jun '20	Jun '21	Jun '22	Jun '23
revenue	1.65B -	1.63B 0.92%	1.62B 0.97%	1.47B 8.88%	1.49B 1.40%	1.08B 27.70%	470.70M 56.42%	525.60M 11.66%	746.20M 41.97%	921.90M 23.55%
cost of revenue	1.03B -	1.16B 12.51%	1.13B 2.42%	1.04B 8.07%	1.09B 4.58%	689M 36.56%	312.20M 54.69%	361M 15.63%	496.90M 37.65%	642.40M 29.28%
gross profit	618.79M -	474.96M 23.25%	487.07M 2.55%	434.57M 10.78%	407.64M 6.20%	391M 4.08%	158.50M 59.46%	164.60M 3.85%	249.30M 51.46%	279.50M 12.11%
selling and marketing expenses						3.70M -	3.80M 2.70%	5.10M 34.21%	7.50M 47.06%	11.50M 53.33%
general and administrative expenses						197M -	177.90M 9.70%	176.50M 0.79%	196M 11.05%	223.80M 14.18%
selling general and administrative expenses	268.46M -	290.73M 8.30%	283.05M 2.64%	277.18M 2.08%	283.49M 2.28%	200.70M 29.20%	181.70M 9.47%	181.60M 0.06%	203.50M 12.06%	235.30M 15.63%
research and development expenses	181.38M -	182.80M 0.78%	168.85M 7.63%	158.55M 6.10%	164.32M 3.64%	157.90M 3.91%	152M 3.74%	177.80M 16.97%	196.40M 10.46%	225.40M 14.77%
other expenses	13.29M -	-10.39M 178.14%	-13.04M 25.47%	14.01M 207.46%	11.64M 16.89%	43.60M 274.51%	47.40M 8.72%	43.60M 8.02%	97.50M 123.62%	52.10M 46.56%
cost and expenses	1.51B -	1.66B 9.71%	1.61B 2.84%	1.50B 6.74%	1.56B 4.19%	1.09B 30.26%	693.30M 36.46%	764M 10.20%	994.30M 30.14%	1.30B 30.80%
operating expenses	481.83M -	499.75M 3.72%	480.63M 3.82%	463.22M 3.62%	478.58M 3.32%	402.20M 15.96%	381.10M 5.25%	403M 5.75%	497.40M 23.42%	658.10M 32.31%
interest expense						355.90M -	34.90M 90.19%	45.40M 30.09%	25.10M 44.71%	42.60M 69.72%
ebitda	171.64M -	49.15M 71.36%	52.09M 5.97%	-11.13M 121.37%	341.14M 3,164.81%	137.10M 59.81%	-108.70M 179.29%	-42M 61.36%	-118.60M 182.38%	-212.60M 79.26%
operating income	134.28M -	-72.51M 154.00%	-10.47M 85.56%	-18.67M 78.32%	-329.09M 1,662.46%	-6.50M 98.02%	-222.60M 3,324.62%	-238.40M 7.10%	-248.10M 4.07%	-380.60M 53.41%
depreciation and amortization	31.99M -	26.22M 18.03%	28.73M 9.58%	27.50M 4.29%	153.94M 459.79%	143.60M 6.72%	113.90M 20.68%	196.40M 72.43%	129.50M 34.06%	164M 26.64%
total other income expenses net	10.61M -	-58.11M 647.96%	-29.95M 48.46%	23.99M 180.10%	-246.50M 1,127.66%	-38.70M 84.30%	17M 143.93%	-101.80M 698.82%	-38M 62.67%	50.10M 231.84%
income before tax	147.57M -	-82.90M 156.18%	-23.51M 71.65%	-4.66M 80.16%	-317.44M 6,706.28%	-45.20M 85.76%	-205.60M 354.87%	-340.20M 65.47%	-286.10M 15.90%	-328.50M 14.82%
income tax expense	23.38M -	-18.85M 180.63%	-1.97M 89.55%	93.45M 4,843.86%	-37.52M 140.15%	12.70M 133.85%	-8M 162.99%	1.10M 113.75%	9M 718.18%	1.40M 84.44%
net income	124.19M -	-64.05M 151.57%	-21.54M 66.38%	-98.12M 355.60%	-279.97M 185.34%	-57.90M 79.32%	-197.60M 241.28%	-341.30M 72.72%	-295.10M 13.54%	-329.90M 11.79%
weighted average shs out	120.62M -	113.02M 6.30%	101.78M 9.94%	98.49M 3.24%	97.06M 1.45%	103.58M 6.71%	107.94M 4.21%	112.35M 4.09%	120.12M 6.92%	124.37M 3.54%
weighted average shs out dil	122.91M -	113.02M 8.05%	101.78M 9.94%	98.49M 3.24%	99.53M 1.06%	103.58M 4.07%	107.94M 4.21%	112.35M 4.09%	120.12M 6.92%	124.37M 3.54%
eps	1.02 -	-0.57 155.88%	-0.21 63.16%	-1 376.19%	-2.88 188%	-0.56 80.56%	-1.83 226.79%	-3.04 66.12%	-2.46 19.08%	-2.65 7.72%
epsdiluted	1 -	-0.57 157.00%	-0.21 63.16%	-1 376.19%	-2.81 181%	-0.56 80.07%	-1.83 226.79%	-3.04 66.12%	-2.46 19.08%	-2.65 7.72%

COM:WOLFSPEED

Wolfspeed, Inc.

Last Close

18.34

26/07 20:00

Market Cap

3.04B

Beta: -

Volume Today

3.56M

Avg: -

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