Short answer
Wolfspeed Inc (WOLF) filed its Q1 2019 10-Q quarterly report on May 3, 2019 for the quarter ended Mar 31, 2019.
Wolfspeed Inc Q1 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $274.1M, up 22% YoY from $225.2M, driven by Wolfspeed growth
- Gross margin 36.7% vs 33.2% YoY; operating margin (4%) vs (2%)
- Best segment Wolfspeed: revenue $141.3M, up 72%; gross margin 48.7% vs 48.0%
- Worst segment LED Products: revenue $132.8M, down 7%; tariff costs and China trade uncertainty
- Cash $789.3M; operating cash flow $187.0M; capital investment target approximately $175M for fiscal 2019
Risk Factors
- New transaction risk: March 14, 2019 IDEAL agreement created separation, closing-condition, indemnification and earn-out uncertainty
- Most material update: $199.2 million Lighting Products impairment recorded after proposed sale
- Regulatory risk: U.S. tariffs on Chinese goods and corresponding tariffs could increase product costs and reduce demand
- Operational risk: Wolfspeed demand exceeds capacity, creating extended customer lead times and competitor substitution risk
- Financial risk: Debt covenants and Notes restrictions could trigger acceleration if breached
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Wolfspeed Inc quarterly reports
- Q3 2019 10-QFiled Oct 31, 2019
- Q4 2018 10-QFiled Jan 31, 2019
- Q3 2018 10-QFiled Oct 17, 2018
- Q1 2018 10-QFiled Apr 25, 2018
- Q4 2017 10-QFiled Jan 24, 2018
- Q3 2017 10-QFiled Oct 18, 2017
- Q1 2017 10-QFiled Apr 26, 2017
- Q4 2016 10-QFiled Jan 25, 2017
- Q3 2016 10-QFiled Oct 19, 2016
- Q1 2016 10-QFiled Apr 27, 2016
- Q4 2015 10-QFiled Jan 20, 2016
- Q3 2015 10-QFiled Oct 21, 2015
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