Wolfspeed reports quarterly revenue, gross margin and EPS at high-end of guidance ranges

What happened

Wolfspeed reported Q1 FY2024 revenue of $197.4M, down 16.3% sequentially but up 4.2% YoY, with results at the high end of its guidance ranges. The sequential decline was anticipated due to the timing of a major materials agreement. 关注: The report confirms stable execution but offers no immediate catalyst for SiC/GaN spot prices; traders should watch for updates on the Mohawk Valley fab ramp and customer demand signals.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 11/22/2023 · View original source