Wolfspeed reported a consolidated revenue of $168.5 million for the second quarter of fiscal 2026, with a GAAP net loss of $150.6 million. The company achieved significant operating cost reductions and capital expenditure decreases, while maintaining a strong balance sheet with $1.3 billion in cash and short-term investments.

Wolfspeed's Q4 FY2025 revenue held at $197 million, but results were severely impacted by a $359 million goodwill impairment and $123 million in restructuring charges, leading to a GAAP net loss of $669 million. The company continues to face underutilization costs as it ramps up production at the Mohawk Valley Fab.

Wolfspeed's consolidated revenue for Q3 FY2025 was $185.4 million, a decrease from $200.7 million in the prior year. The company reported a GAAP net loss of $285.5 million and a GAAP loss per share of ($1.86). Despite the financial losses, Wolfspeed highlighted progress in strengthening its capital structure and strategic initiatives, including a significant increase in Mohawk Valley Fab revenue.

Wolfspeed reported Q2 2025 revenue of $181 million, down from $208 million in Q2 2024. The GAAP gross margin was (21)%, while the non-GAAP gross margin was 2%. The company is taking aggressive steps to accelerate profitability and strengthen the balance sheet.

Wolfspeed reported a slight decrease in revenue to $194.7 million compared to $197.4 million in the first quarter of fiscal 2024. The company is focusing on streamlining its business to a 200mm pure-play, which is expected to yield $200 million in cash savings. They have also secured access to an additional $2.5 billion in liquidity.

Wolfspeed reported Q4 2024 revenue of approximately $201 million, a slight decrease compared to the previous year. The company is focused on optimizing its capital structure and driving performance in its 200-millimeter fab. They are accelerating the shift of device fabrication to Mohawk Valley while assessing the closure of the Durham fab. They are also slowing down the pace of CapEx by approximately $200 million in fiscal 2025 and identifying areas to reduce operating costs.

Wolfspeed reported Q3 fiscal year 2024 results with consolidated revenue of approximately $201 million, driven by a more than doubling of revenue from the Mohawk Valley Fab. However, GAAP and non-GAAP gross margins were impacted by underutilization costs. The company secured significant power device design-ins and design-wins, primarily related to EV applications.

Wolfspeed reported Q2 2024 results with a 20% year-over-year revenue increase, reaching $208.4 million. The company achieved a record $2.9 billion in quarterly design-wins, predominantly in the EV sector. Mohawk Valley Fab revenue tripled sequentially, contributing $12 million, and is on track for 20% utilization in Q4 2024.

Wolfspeed reported a 4 percent year-over-year increase in quarterly revenue, driven by device design-ins of $2.2 billion and a record of over $1 billion in device design-wins. The company is on track to meet its 20 percent utilization goal at the Mohawk Valley Fab in the fourth quarter of fiscal 2024.

Wolfspeed's Q4 2023 revenue increased slightly to $235.8 million compared to $228.5 million in Q4 2022. However, the GAAP net loss from continuing operations widened to $113.3 million, or $0.91 per diluted share, compared to $61.8 million, or $0.50 per diluted share in the prior year. The company secured $1.6 billion in quarterly design-ins and $8.3 billion for the full fiscal year.

Wolfspeed reported a 22% year-over-year increase in revenue to $228.7 million for Q3 2023. However, the company experienced a GAAP net loss of $99.5 million, or $0.80 per diluted share, compared to a net loss of $66.5 million, or $0.54 per diluted share, in the prior year. The company shipped its first product from its Mohawk Valley fab during the quarter.

Wolfspeed reported Q2 fiscal year 2023 results with revenue of $216.1 million, a GAAP net loss of $90.9 million, and quarterly design-ins of $1.5 billion. The company is progressing with its expansion plans, including the construction of a new materials factory and the ramp-up of its Mohawk Valley device fab.

Wolfspeed reported a revenue of $241.3 million, a GAAP gross margin of 33.1%, and design-ins totaling $3.5 billion. The company's near term revenue guidance is impacted by manufacturing and supply challenges.

Wolfspeed reported a strong fourth quarter with revenue of $228.5 million, a GAAP gross margin of 34.5%, and record design-ins of $2.6 billion. The company is optimistic about future growth, expecting revenue to be 30-40% higher than previously forecasted.

Wolfspeed reported revenue of $188.0 million for Q3 2022, a 37% increase compared to Q3 2021. The company's GAAP net loss from continuing operations was $66.5 million, or $0.54 per diluted share. On a non-GAAP basis, net loss from continuing operations was $14.3 million, or $0.12 per diluted share.

Wolfspeed reported revenue of $173.1 million for Q2 2022, a 36% increase compared to Q2 2021. GAAP net loss was $96.7 million, or $0.82 per diluted share, while non-GAAP net loss was $18.6 million, or $0.16 per diluted share.

Wolfspeed reported revenue of $156.6 million for its first quarter of fiscal 2022, representing a 36% increase compared to the first quarter of fiscal 2020. GAAP net loss from continuing operations for the quarter was $70.1 million, or $0.60 per diluted share. On a non-GAAP basis, net loss from continuing operations was $23.8 million, or $0.21 per diluted share.

Cree, Inc. reported a strong Q4 with revenue from continuing operations of $145.8 million, a 35% increase year-over-year. The company's GAAP net loss was $145.2 million, or $1.26 per diluted share, while non-GAAP net loss was $26.9 million, or $0.23 per diluted share. The company is on track to bring the world’s largest silicon carbide fab online in early calendar 2022.

Cree, Inc. announced revenue from continuing operations of $137.3 million for its third quarter of fiscal 2021, ended March 28, 2021, representing a 21% increase compared to the third quarter of fiscal 2020.

Cree, Inc. announced revenue from continuing operations of $127.0 million for its second quarter of fiscal 2021, ended December 27, 2020, a 5% increase compared to the second quarter of fiscal 2020, and a 10% increase compared to the first quarter of fiscal 2021.

Cree, Inc. announced revenue of $216.6 million for its first quarter of fiscal 2021, representing an 11% decrease compared to the first quarter of fiscal 2020. The GAAP net loss attributable to controlling interest was $184.4 million, or $1.68 per diluted share, which included a $105.7 million impairment of goodwill.

Cree, Inc. reported Q4 fiscal year 2020 revenue of $205.7 million, an 18% decrease compared to Q4 2019. The company's GAAP net loss was $39.5 million, or $0.36 per diluted share, compared to a net loss of $34.5 million, or $0.33 per diluted share, in the same quarter of the previous year. Non-GAAP net loss was $20.0 million, or $0.18 per diluted share, compared to a non-GAAP net income of $11.6 million, or $0.11 per diluted share, in Q4 2019.

Cree, Inc. reported a decrease in revenue for the third quarter of fiscal year 2020, along with a GAAP net loss from continuing operations. The company is focused on managing short-term challenges related to the COVID-19 pandemic and capitalizing on long-term growth opportunities for silicon carbide and GaN solutions.

Cree, Inc. reported a revenue of $239.9 million for Q2 fiscal year 2020, a 14% decrease compared to the previous year. The GAAP net loss from continuing operations attributable to controlling interest was $52.8 million, or $0.49 per diluted share.