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Wolfspeed Announces Fiscal Q2 2025 Financial Outcomes: Consolidated Revenue Hits $181 Million, Successfully Closes $200 Million Stock Offering
2025-01-30 /
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Author：小编
Wolfspeed reported a year-over-year decline in revenue for the second quarter of fiscal year 2025, with both GAAP and non-GAAP gross margins showing a downturn. This was primarily attributed to the rise in costs stemming from the underutilization of the Mohawk Valley Fab. Nonetheless, the company is actively pursuing strategies to bolster its financial standing, fortify its balance sheet, and secure efficient capital to propel growth. Looking ahead to the third quarter of fiscal year 2025, Wolfspeed anticipates revenue to fall within the range of $170 million to $200 million and forecasts a potential loss.
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