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Jun 30, 2024
Wolfspeed Q4 2024 Earnings Report
Wolfspeed's Q4 2024 performance reflected mixed results, with revenue slightly decreasing year-over-year, offset by momentum in the Mohawk Valley Fab and proactive cost management initiatives.
Key Takeaways
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.
Consolidated revenue was approximately $201 million.
Mohawk Valley Fab contributed approximately $41 million in revenue.
Power device design-ins reached $2.0 billion.
Quarterly design-wins totaled $0.5 billion.
Wolfspeed
Wolfspeed
Wolfspeed Revenue by Segment
Revenue by Segment
Power Products Revenue
CapyFin.comMaterials Products Revenue
CapyFin.com Forward Guidance
For its first quarter of fiscal 2025, Wolfspeed targets revenue from continuing operations in a range of $185 million to $215 million. GAAP net loss is targeted at $226 million to $194 million, or $1.79 to $1.54 per diluted share. Non-GAAP net loss from continuing operations is targeted to be in a range of $138 million to $114 million, or $1.09 to $0.90 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income