Filing Flows › Wolfspeed (WOLF) › Q2 FY25
Wolfspeed (WOLF) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jan 30, 2025
Wolfspeed (WOLF) reported revenue of $180M for the second quarter fiscal 2025 (Q2 FY25), -13% from a year earlier and -7% from the quarter before. Operating margin was -178.9%, net loss $372M (206.2% of revenue).
Wolfspeed, Q2 FY25: revenue $180M (-13% year over year), operating margin -178.9%, net loss $372M, operating cash flow −$195M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180M | -7% | -13% |
| Operating profit | −$323M | — | — |
| Net earnings | −$372M | — | — |
| Operating cash flow | −$195M | — | — |
What changed
Revenue was $180.5M in Q2 FY25, down 13% year over year and down 7% from the previous quarter. Power Products was the largest line at 50% of revenue. Power Products lost $16.9M year over year (down 16%), 61% of the total change.
Operating costs exceeded revenue by $323.0M, an operating margin of -178.9%. The fastest-growing cost line was Other operating costs (+1112%). The quarter ended with a net loss of $372.2M, wider than the previous quarter's $282.2M loss.
Operating cash flow was −$195.1M. Non-cash charges added back $66.7M of depreciation and amortization and $20.2M of share-based compensation. Working capital and other items added $90.2M. Capital expenditures of $401.8M exceeded it, leaving free cash flow of −$596.9M.
Questions
What was Wolfspeed's revenue in the second quarter fiscal 2025?
Wolfspeed (WOLF) reported revenue of $180M for the second quarter fiscal 2025 (Q2 FY25), -13% from a year earlier and -7% from the quarter before.
Was Wolfspeed profitable in the second quarter fiscal 2025?
Operating loss was $323M (-178.9% of revenue) and net loss $372M.
Source: Wolfspeed 10-Q on SEC EDGAR.