Wolfspeed’s quarterly revenue falls 10% due to spare parts supply chain constraints plus weak 5G RF device demand

What happened

Wolfspeed reported Q2 FY2023 revenue of $216.1M, down 10% sequentially and at the low end of guidance, missing expectations. The decline was attributed to supply chain constraints for spare parts and weaker demand for 5G RF devices. Bearish: The report signals specific softness in GaN RF demand and operational challenges, potentially pressuring near-term pricing and sentiment for Wolfspeed's components.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 2/6/2023 · View original source