10-Q quarterly report · filed Apr 25, 2018

Wolfspeed Inc (WOLF) Q1 2018 10-Q Quarterly Report

Short answer

Wolfspeed Inc (WOLF) filed its Q1 2018 10-Q quarterly report on Apr 25, 2018 for the quarter ended Mar 25, 2018.

Wolfspeed Inc Q1 2018 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $356.0M, up 4% YoY from $341.5M
  • Gross margin 27.8% vs 25.2%; operating margin negative 75% vs negative 6%
  • Best segment Wolfspeed: revenue $81.9M, up 46%; gross margin 48.0% vs 47.0%
  • Worst segment Lighting Products: revenue $130.8M, down 15%; gross margin 19.1% vs 23.0%
  • Cash $401M vs $611M; operating cash flow $125.4M; $427.1M Infineon purchase and $128M capital expenditures through nine months

Risk Factors

  • New GDPR exposure: European personal-data rules effective May 25, 2018, increasing cybersecurity compliance and breach-response obligations
  • Most material update, Lighting Products impairment: $247.5 million goodwill charge after February 26, 2018 strategy update
  • Regulatory and trade risk: U.S. export ban on ZTE expected to reduce near-term revenue and profit
  • Operational capacity risk: Wolfspeed power conversion from 100mm to 150mm substrates targeted during calendar 2018
  • Financial risk: revolving-credit debt subject to financial-ratio covenants and potential acceleration upon default

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

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