Wolfspeed Reports Financial Results for the Third Quarter of Fiscal Year 2024
Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2024.
- Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2024.
- For its fourth quarter of fiscal 2024, Wolfspeed targets revenue from continuing operations in a range of $185 million to $215 million.
- Wolfspeed incurred $14.4 million of factory start-up costs and $30.4 million of underutilization costs in the third quarter of fiscal 2024.
- Wolfspeed will host a conference call at 5:00 p.m. Eastern time today to review the highlights of its third quarter results and its fiscal fourth quarter 2024 business outlook, including significant factors and assumptions underlying the targets noted above.