Wolfspeed: Q1 Earnings Insights

Wolfspeed: Q1 Earnings Insights

Wolfspeed WOLF reported its Q1 earnings results on Wednesday, October 26, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Wolfspeed beat estimated earnings by 20.0%, reporting an EPS of $-0.04 versus an estimate of $-0.05.

Revenue was up $84.70 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 31.86% increase in the share price the next day.

Here's a look at Wolfspeed's past performance:

 

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.10 -0.14 -0.18 -0.23
EPS Actual -0.02 -0.12 -0.16 -0.21
Revenue Estimate 207.81M 190.68M 169.30M 149.17M
Revenue Actual 228.50M 188.00M 173.10M 156.60M

To track all earnings releases for Wolfspeed visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings