Wolfspeed Reports Financial Results for the First Quarter of Fiscal Year 2024
Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the first quarter of fiscal 2024.
- Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the first quarter of fiscal 2024.
- "We kicked off our fiscal year with a strong quarter in both execution and market share.
- For its second quarter of fiscal 2024, Wolfspeed targets revenue from continuing operations in a range of $192 million to $222 million.
- Wolfspeed incurred $8.4 million of factory start-up costs and $34.4 million of underutilization costs in the first quarter of fiscal 2024.