Wolfspeed, Inc. (WOLF) Financials

NYSE:WOLF

Market Cap

5.13B

Total Revenue

921.90M

Gross Profit

279.50M

Operating Income

-380.60M

Net Income

-329.90M

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
revenue	1,647,641,000	1,632,505,000	1,616,627,000	1,473,000,000	1,493,680,000	1,080,000,000	470,700,000	525,600,000	746,200,000	921,900,000
costOfRevenue	1,028,846,000	1,157,549,000	1,129,553,000	1,038,428,000	1,086,038,000	689,000,000	312,200,000	361,000,000	496,900,000	642,400,000
grossProfit	618,795,000	474,956,000	487,074,000	434,572,000	407,642,000	391,000,000	158,500,000	164,600,000	249,300,000	279,500,000
researchAndDevelopmentExpenses	181,382,000	182,797,000	168,848,000	158,549,000	164,321,000	157,900,000	152,000,000	177,800,000	196,400,000	225,400,000
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	--	--	--	--	--	--	--	--	--	--
sellingGeneralAndAdministrativeExpenses	268,460,000	290,730,000	283,052,000	277,175,000	283,489,000	200,700,000	181,700,000	181,600,000	203,500,000	235,300,000
operatingExpenses	481,830,000	499,747,000	480,632,000	463,223,000	478,582,000	402,200,000	381,100,000	403,000,000	497,400,000	658,100,000
operatingIncome	134,275,000	-72,513,000	-10,471,000	-18,672,000	-329,087,000	-6,500,000	-222,600,000	-238,400,000	-248,100,000	-380,600,000
totalOtherIncomeExpensesNet	10,605,000	-58,111,000	-29,948,000	23,987,000	-246,505,000	-38,700,000	17,000,000	-101,800,000	-38,000,000	50,100,000
ebitda	171,643,000	49,151,000	52,087,000	-11,131,000	341,144,000	137,100,000	-108,700,000	-42,000,000	-118,600,000	-212,600,000
depreciationAndAmortization	31,988,000	26,220,000	28,732,000	27,499,000	153,937,000	143,600,000	113,900,000	196,400,000	129,500,000	164,000,000
interestIncome	11,932,000	9,086,000	4,472,000	3,696,000	1,827,000	--	16,300,000	10,100,000	11,800,000	58,200,000
interestExpense	--	--	--	--	--	355,900,000	34,900,000	45,400,000	25,100,000	42,600,000
incomeBeforeTax	147,570,000	-82,902,000	-23,506,000	-4,664,000	-317,445,000	-45,200,000	-205,600,000	-340,200,000	-286,100,000	-328,500,000
incomeTaxExpense	23,379,000	-18,851,000	-1,970,000	93,454,000	-37,522,000	12,700,000	-8,000,000	1,100,000	9,000,000	1,400,000
netIncome	124,191,000	-64,051,000	-21,536,000	-98,118,000	-279,968,000	-57,900,000	-197,600,000	-341,300,000	-295,100,000	-329,900,000
eps	1.02	-0.57	-0.21	-1	-2.81	-0.56	-1.83	-3.04	-2.46	-2.65
epsdiluted	1	-0.57	-0.21	-1	-2.81	-0.56	-1.83	-3.04	-2.46	-2.65
weightedAverageShsOut	120,623,000	113,022,000	101,783,000	98,487,000	99,530,000	103,576,000	107,935,000	112,346,000	120,120,000	124,374,000
weightedAverageShsOutDil	122,914,000	113,022,000	101,783,000	98,487,000	99,530,000	103,576,000	107,935,000	112,346,000	120,120,000	124,374,000
costAndExpenses	1,510,676,000	1,657,296,000	1,610,185,000	1,501,651,000	1,564,620,000	1,091,200,000	693,300,000	764,000,000	994,300,000	1,300,500,000
otherExpenses	13,295,000	-10,389,000	-13,035,000	14,008,000	11,642,000	43,600,000	47,400,000	43,600,000	97,500,000	52,100,000

Key Facts

Industry

Semiconductors

Sector

Technology

Headquarters

Durham, NC, US

Website

wolfspeed.com

CEO

Mr. Gregg A. Lowe

Employees

4802

About the Company

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.