← WOLFSPEED, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.6b |
$1.5b
-8.88%
|
$1.5b
+1.40%
|
$1.1b
-27.70%
|
$903.9m
-16.31%
|
$525.6m
-41.85%
|
$746.2m
+41.97%
|
$921.9m
+23.55%
|
$807.2m
-12.44%
|
$757.6m
-6.14%
|
$757.6m
0.00%
|
|
| Cost of Revenue | $1.1b |
$1.0b
-8.07%
|
$1.1b
+4.58%
|
$689.0m
-36.56%
|
$655.6m
-4.85%
|
$361.0m
-44.94%
|
$496.9m
+37.65%
|
$642.4m
+29.28%
|
$729.8m
+13.61%
|
$879.2m
+20.47%
|
$879.2m
0.00%
|
|
| Gross Profit | $487.1m |
$434.6m
-10.78%
|
$407.6m
-6.20%
|
$391.0m
-4.08%
|
$248.3m
-36.50%
|
$164.6m
-33.71%
|
$249.3m
+51.46%
|
$279.5m
+12.11%
|
$77.4m
-72.31%
|
($121.6m)
-257.11%
|
($121.6m)
0.00%
|
|
| Research and Development Expense | $168.8m | $158.5m | $164.3m | $157.9m | $184.2m | $177.8m | $196.4m | $225.4m | $201.9m | $175.1m | $175.1m | |
| Selling, General and Administrative Expense | $283.1m | $277.2m | $283.5m | $200.7m | $211.4m | $181.6m | $203.5m | $235.3m | $246.4m | $190.5m | $246.3m | |
| Amortization of Intangible Assets | $40.4m | $39.8m | $43.3m | $25.4m | — | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | — | $6.4m | $5.5m | $8.1m | $11.0m | $13.9m | $16.7m | — | |
| Restructuring Costs | — | — | — | — | — | — | — | — | — | $134.9m | — | |
| Operating Expenses | $497.5m | $453.2m | $736.7m | — | — | — | — | — | — | — | $1.4b | |
| Operating Income (Loss) | ($10.5m) |
($18.7m)
-78.32%
|
($329.1m)
-1662.46%
|
($15.9m)
+95.17%
|
($209.4m)
-1216.98%
|
($313.9m)
-49.90%
|
($247.8m)
+21.06%
|
($380.6m)
-53.59%
|
($445.3m)
-17.00%
|
($1.3b)
-198.50%
|
($628.2m)
+52.74%
|
|
| Other Operating Income (Expense), Net | $10.5m | $18.7m | $329.1m | ($28.0m) | ($46.2m) | ($29.1m) | ($83.9m) | ($26.3m) | ($18.3m) | $1.3b | — | |
| Interest Expense | — | — | — | — | $34.9m | $45.4m | $25.1m | $42.6m | — | — | $315.2m | |
| Investment Income, Net | $4.5m | $3.7m | $1.8m | ($12.0m) | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($4.5m) | $2.5m | $2.2m | ($1.3m) | $1.9m | $1.3m | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | $7.9m | $0 | $0 | $50.3m | ($7.7m) | $0 | — | |
| Other Nonoperating Income (Expense) | $457k | $200k | $506k | $300k | $500k | ($200k) | ($500k) | ($200k) | ($1.4m) | ($800k) | — | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $246.3m | $315.2m | $315.2m | |
| Income (Loss) from Equity Method Investments | ($15.4m) | $7.5m | $7.1m | ($16.2m) | $14.2m | $8.3m | $0 | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($45.3m) | ($43.2m) | ($348.1m) | ($69.4m) | ($222.3m) | ($348.7m) | ($289.1m) | ($331.8m) | ($572.2m) | ($1.6b) | ($1.6b) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $23.5m | $4.7m | $317.4m | ($45.2m) | ($190.4m) | ($340.2m) | ($286.1m) | ($328.5m) | ($572.5m) | ($1.6b) | ($1.6b) | |
| Current Income Tax Expense (Benefit) | $13.9m | $18.5m | $4.0m | $12.8m | $1.1m | $400k | $8.4m | $900k | $1.1m | $600k | ($9.7m) | |
| Income Tax Expense (Benefit) | ($2.0m) | $93.5m | ($37.5m) | $12.7m | $200k | $1.1m | $9.0m | $1.4m | $1.1m | ($9.7m) | ($9.7m) | |
| Net Income (Loss) Attributable to Parent | ($21.5m) |
($98.1m)
-355.60%
|
($280.0m)
-185.34%
|
($375.1m)
-33.98%
|
($191.7m)
+48.89%
|
($523.9m)
-173.29%
|
($200.9m)
+61.65%
|
($329.9m)
-64.21%
|
— | ($1.6b) |
($1.6b)
0.00%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $45k | $0 | $1.1m | $1.4m | $0 | $0 | — | — | ($1.6b) | |
| Earnings Per Share, Basic | ($0.21) | ($1.00) | ($2.81) | ($3.62) | ($1.78) | ($4.66) | ($1.67) | ($2.65) | ($6.88) | ($11.39) | ($5.60) | |
| Earnings Per Share, Diluted | ($0.21) | ($1.00) | ($2.81) | ($3.62) | ($1.78) | ($4.66) | ($1.67) | ($2.65) | ($6.88) | ($11.39) | ($5.60) | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | ($1) | ($0) | ($1) | ($2) | ($3) | ($2) | ($3) | ($5) | ($11) | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | ($1) | ($0) | ($1) | ($2) | ($3) | ($2) | ($3) | ($5) | ($11) | — | |
| Weighted Average Number of Shares Outstanding, Basic | 101.8m | 98.5m | 99.5m | 103.6m | 107.9m | 112.3m | 120.1m | 124.4m | 125.7m | 141.3m | 124.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | 101.8m | 98.5m | 99.5m | 103.6m | 107.9m | 112.3m | 120.1m | 124.4m | 125.7m | 141.3m | 124.6m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | — | — | $247.5m | $90.3m | — | — | — | — | — | $359.2m | $535.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | $88.1m | $16.4m | ($57.9m) | ($190.6m) | ($341.3m) | ($295.1m) | ($329.9m) | ($573.6m) | ($1.6b) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | $88.1m | $16.4m | ($57.9m) | ($191.7m) | $341.3m | $295.1m | $329.9m | $573.6m | $1.6b | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | $10.0m | $263.5m | ($317.2m) | $0 | ($181.2m) | $94.2m | $0 | ($290.6m) | $0 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | $10.0m | $263.5m | $317.2m | $0 | ($182.6m) | $94.2m | $0 | $290.6m | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.