Wolfspeed Inc (WOLF) Q1 2015 10-Q Quarterly Earnings

Short answer

Wolfspeed Inc (WOLF) filed its Q1 2015 10-Q quarterly report on Apr 22, 2015 for the quarter ended Mar 29, 2015.

AI summary of MD&A and risk factor updates

Quarterly revenue $409.5M, up from $405.3M YoY, driven by Lighting Products and Power and RF Products
Gross margin 30.6% vs 37.0% YoY, operating income $1.5M vs $30.4M
Best segment Lighting Products: revenue $224.1M, up 27%; worst LED Products: revenue $154.4M, down 23%
Operating cash flow $93.7M for nine months vs $228.2M YoY; capital expenditures $158M
Share repurchases $390.1M; fiscal 2015 capital investment target approximately $200.0M
Outlook: competitive markets, lower fiscal-year LED Products revenue target, higher Lighting Products and Power and RF Products revenue targets

No material-change comparison provided, with risks stated as superseding prior disclosures
Regulatory compliance: conflict-minerals due diligence may increase sourcing costs and create reputational exposure
Operational risk: North Carolina facility expansion could face construction overruns, poor yields, and reduced quality control
Competitive risk: OLEDs or other emerging technologies could reduce LED demand for backlighting
Financial risk: two customers exceeded 10% of fiscal 2014 consolidated revenue, creating concentration exposure

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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