Filing Flows › Wolfspeed (WOLF) › Q3 FY25
Wolfspeed (WOLF) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 9, 2025
Wolfspeed (WOLF) reported revenue of $185M for the third quarter fiscal 2025 (Q3 FY25), -8% from a year earlier and +3% from the quarter before. Operating margin was -104.9%, net loss $286M (154.0% of revenue).
Wolfspeed, Q3 FY25: revenue $185M (-8% year over year), operating margin -104.9%, net loss $286M, operating cash flow −$142M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $185M | +3% | -8% |
| Operating profit | −$194M | — | — |
| Net earnings | −$286M | — | — |
| Operating cash flow | −$142M | — | — |
What changed
Revenue was $185.4M in Q3 FY25, down 8% year over year and up 3% from the previous quarter. Power Products was the largest line at 58% of revenue. Materials Products lost $20.7M year over year (down 21%), 135% of the total change.
Operating costs exceeded revenue by $194.5M, an operating margin of -104.9%. The fastest-growing cost line was Other operating costs (+331%). The quarter ended with a net loss of $285.5M, narrower than the previous quarter's $372.2M loss.
Operating cash flow was −$142.1M. Non-cash charges added back $53.9M of depreciation and amortization and $18.8M of share-based compensation. Working capital and other items added $70.7M. Capital expenditures of $220.7M exceeded it, leaving free cash flow of −$362.8M.
Questions
What was Wolfspeed's revenue in the third quarter fiscal 2025?
Wolfspeed (WOLF) reported revenue of $185M for the third quarter fiscal 2025 (Q3 FY25), -8% from a year earlier and +3% from the quarter before.
Was Wolfspeed profitable in the third quarter fiscal 2025?
Operating loss was $194M (-104.9% of revenue) and net loss $286M.
Source: Wolfspeed 10-Q on SEC EDGAR.