What were the key takeaways from Wolfspeed’s earnings call?

What were the key takeaways from Wolfspeed's earnings call?

What is Wolfspeed's gross profit margin?

What factors drove the changes in Wolfspeed's revenue and profit?

Did Wolfspeed beat or miss consensus estimates last quarter?

What is Wolfspeed's latest dividend and current dividend yield?

What guidance did Wolfspeed's management provide for the next earnings period?

What is the revenue and EPS growth rate for Wolfspeed year over year?

- **Strategic Reset**: Post-restructuring, Wolfspeed focuses on profitability, 200mm silicon carbide leadership, and operational efficiency.
- **Q1 Financials**: $197M revenue, negative 26% non-GAAP gross margin due to restructuring costs.
- **Q2 Outlook**: $150-190M revenue (down 13-29% QoQ) due to last-time buys; fresh-start accounting begins Q2.
- **Gen 4 Technology**: Most advanced silicon carbide platform for high-voltage applications in AI, aerospace, and defense.
- **Operational Shift**: Closing Durham 150mm fab, consolidating production to 200mm Mohawk Valley Fab.

**【CEO Summary Section】**
- **Three Strategic Priorities**: Accelerating profitability, advancing technology leadership (Gen 4 platform, 200mm Mohawk Valley Fab), and operational excellence.
- **Market Focus**: Automotive (EVs), Industrial (data centers, renewable energy), Aerospace & Defense, leveraging 200mm silicon carbide devices.
- **Restructuring Progress**: Completed financial restructuring, $926M cash, closing Durham 150mm fab by end-2025, aligning production with demand.
- **Team & Culture**: New leadership team (CFO, COO, CMO) driving customer-centricity and performance culture.

**【CFO Financial Commentary】**
- **Q1 2026 Results**: Revenue $197M (flat QoQ), non-GAAP net loss $0.55/share, negative 26% gross margin (due to $29M inventory reserves, $47M underutilization costs).
- **Fresh-Start Accounting**: Q2 2026 adoption will reset financials; no direct comparisons to prior periods.
- **Q2 Outlook**: Revenue $150-190M (down 13-29% QoQ) due to last-time buys from Durham fab closure.
- **Cash & Inventory**: $926M cash, inventory down $50M QoQ; CapEx $104M (down $333M YoY).
- **Long-Term Plan**: Comprehensive strategy to be unveiled mid-2026 with financial/operational milestones.

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