NASDAQ$WOLF
Wolfspeed Inc · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Wolfspeed's Q1 2025 financial results were reported, highlighting actions to solidify the capital structure and simplify the business to enhance profitability.
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.
- Consolidated revenue was approximately $195 million, with Mohawk Valley Fab contributing approximately $49 million.
- Power device design-ins reached $1.5 billion.
- GAAP gross margin was approximately (19)%, impacted by underutilization costs at the Mohawk Valley Fab.
- Ended the quarter with approximately $1.7 billion in cash and investments.
Headline financials
Revenue & EPS history
Wolfspeed · Revenue · Quarterly
$195M
Revenue by segment
Wolfspeed · $197M total across 2 segments · Q1 2024
- Power Products$101M—51.3%
- Materials Products$96.2M—48.7%
Forward guidance
For the second quarter of fiscal 2025, Wolfspeed anticipates revenue to be in the range of $160 million to $200 million. GAAP net loss is projected to be between $401 million and $362 million, or $3.14 to $2.84 per diluted share. Non-GAAP net loss is expected to range from $145 million to $114 million, or $1.14 to $0.89 per diluted share.
Tailwinds
- Revenue from continuing operations is targeted in a range of $160 million to $200 million.
- Factory start-up costs primarily in connection with materials expansion efforts of approximately $23 million.
- Cost of revenue, net, is expected to include approximately $35 million of underutilization costs in connection with the Mohawk Valley Fab.
- Non-GAAP net loss is targeted to be in a range of $145 million to $114 million, or $1.14 to $0.89 per diluted share.
- The GAAP and non-GAAP targets do not include any estimated change in the fair value of the shares of common stock of MACOM Technology Solutions Holdings, Inc.
Headwinds
- GAAP net loss is targeted at $401 million to $362 million, or $3.14 to $2.84 per diluted share.
- The company expects to incur $174 million of restructuring-related costs, of which $34 million will be recognized in cost of revenue, net.
- The remaining $140 million will be recognized as operating expense.
- Operating expenses are expected to include approximately $23 million of factory start-up costs.
- Cost of revenue, net, is expected to include approximately $35 million of underutilization costs in connection with the Mohawk Valley Fab.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 2 quarterly earnings reports
-2.8%
Avg return
Earnings day
+2.7%
Avg return
5 days after
+21.6%
Avg return
30 days after
41%
28 / 68 earnings
Positive
+29.7%
Q1 2022
Best reaction
-35.3%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +3.2% | +38.6% | — | |
| Q2 2026 | -9.7% | -8.1% | -3.7% | |
| Q1 2026 | -7.9% | -14.1% | +9.0% | |
| Q4 2025 | +0.0% | -5.8% | +59.4% | |
| Q3 2025 | -26.2% | — | — | |
| Q2 2025 | +1.5% | — | — | |
| Q1 2025 | -35.3% | — | — | |
| Q4 2024 | -2.6% | — | — | |
| Q3 2024 | -12.8% | — | — | |
| Q2 2024 | -17.2% | — | — | |
| Q1 2024 | +17.9% | — | — | |
| Q4 2023 | -19.0% | — | — | |
| Q3 2023 | -18.3% | — | — | |
| Q2 2023 | -5.5% | — | — | |
| Q1 2023 | -17.2% | — | — | |
| Q4 2022 | +27.5% | — | — | |
| Q3 2022 | -9.6% | — | — | |
| Q2 2022 | +0.6% | — | — | |
| Q1 2022 | +29.7% | — | — | |
| Q4 2021 | -10.4% | — | — | |
| Q3 2021 | -15.5% | — | — | |
| Q2 2021 | -1.8% | — | — | |
| Q1 2021 | -7.0% | — | — | |
| Q4 2020 | -12.5% | — | — | |
| Q3 2020 | +4.1% | — | — | |
| Q2 2020 | -10.5% | — | — | |
| Q1 2020 | -1.2% | — | — | |
| Q4 2019 | -15.9% | — | — | |
| Q3 2019 | +0.2% | — | — | |
| Q2 2019 | +5.0% | — | — | |
| Q1 2019 | +12.7% | — | — | |
| Q4 2018 | -8.0% | — | — | |
| Q3 2018 | -2.8% | — | — | |
| Q2 2018 | -1.9% | — | — | |
| Q1 2018 | +16.7% | — | — | |
| Q4 2017 | -1.6% | — | — | |
| Q3 2017 | -10.8% | — | — | |
| Q2 2017 | +4.9% | — | — | |
| Q1 2017 | -9.6% | — | — | |
| Q4 2016 | -16.6% | — | — | |
| Q3 2016 | +7.5% | — | — | |
| Q2 2016 | +9.0% | — | — | |
| Q1 2016 | -6.0% | — | — | |
| Q4 2015 | +2.9% | — | — | |
| Q3 2015 | -7.8% | — | — | |
| Q2 2015 | +9.6% | — | — | |
| Q1 2015 | -17.1% | — | — | |
| Q4 2014 | -9.8% | — | — | |
| Q3 2014 | -11.3% | — | — | |
| Q2 2014 | +7.7% | — | — | |
| Q1 2014 | -15.8% | — | — | |
| Q4 2013 | -21.3% | — | — | |
| Q3 2013 | +1.7% | — | — | |
| Q2 2013 | +21.0% | — | — | |
| Q1 2013 | +13.6% | — | — | |
| Q4 2012 | +5.3% | — | — | |
| Q3 2012 | +3.1% | — | — | |
| Q2 2012 | +2.3% | — | — | |
| Q1 2012 | -0.4% | — | — | |
| Q4 2009 | -4.7% | — | — | |
| Q4 2011 | -4.7% | — | — | |
| Q3 2011 | +0.5% | — | — | |
| Q3 2010 | +0.5% | — | — | |
| Q2 2011 | -3.1% | — | — | |
| Q2 2010 | -3.1% | — | — | |
| Q4 2010 | +4.8% | — | — | |
| Q1 2010 | +4.8% | — | — | |
| Q1 2011 | +4.8% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro