WOLF - Wolfspeed Non-GAAP EPS of -$0.11 beats by $0.03 revenue of $216.1M misses by $10.68M
- Wolfspeed press release ( NYSE: WOLF ): Q2 Non-GAAP EPS of -$0.11 beats by $0.03 .
- Revenue of $216.1M (+24.8% Y/Y) misses by $10.68M .
- Shares -10.2% .
- GAAP gross margin of 31.0%, compared to 32.9%
- Non-GAAP gross margin of 33.6%, compared to 35.4%
- Quarterly design-ins of $1.5 billion
- For its third quarter of fiscal 2023, Wolfspeed targets revenue in a range of $210 million to $230 million. GAAP net loss is targeted at $81 million to $88 million, or $0.65 to $0.71 per diluted share. Non-GAAP net loss is targeted to be in a range of $15 million to $20 million, or $0.12 to $0.16 per diluted share vs. -0.08 consensus.
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Wolfspeed Non-GAAP EPS of -$0.11 beats by $0.03, revenue of $216.1M misses by $10.68M