Wolfspeed Analysts Slash Their Forecasts Following Q3 Results
Wolfspeed Analysts Slash Their Forecasts Following Q3 Results
Wolfspeed, Inc. (NYSE:WOLF) reported worse-than-expected third-quarter revenue results on Wednesday.
Wolfspeed, Inc.（紐約證券交易所代碼：WOLF）週三公佈的第三季度收入業績低於預期。
Wolfspeed posted adjusted loss of 62 cents per share, compared to market expectations for a loss of 64 cents per share. The company's quarterly sales came in at $200.700 million, missing estimates of $201.110 million, according to data from Benzinga Pro.
Wolfspeed公佈調整後的每股虧損爲62美分，而市場預期的每股虧損爲64美分。根據Benzinga Pro的數據，該公司的季度銷售額爲2.07億美元，未達到預期的2.011億美元。
"We are pleased with the significant operational milestones achieved in the quarter for Wolfspeed as we continue to be the world's first fully, vertically integrated 200-millimeter silicon carbide player at scale," said Wolfspeed CEO, Gregg Lowe. "We are making progress on our Mohawk Valley ramp, more than doubling revenue sequentially in the quarter and reaching more than 16% wafer start utilization in April, giving us confidence in our ability to achieve our 20% utilization target in June 2024. Construction continues at the JP, our 200mm materials factory in North Carolina. During the quarter, we started installing furnaces and connected the facility to the power grid, and we recently hosted our topping out ceremony. As we've said before, Mohawk Valley will be the flywheel of growth for Wolfspeed, and the JP will be instrumental in supplying it with high-quality materials. We are encouraged by the operational progress these facilities have made and how it will support our long-term growth trajectory."
Wolfspeed首席執行官格雷格·洛威表示：“我們對Wolfspeed在本季度實現的重大運營里程碑感到滿意，因爲我們仍然是世界上第一家全面縱向整合的200毫米碳化硅生產商。”“我們在莫霍克谷開發區取得了進展，本季度收入連續增長了一倍以上，4月份的晶圓起動利用率達到16％以上，這使我們對我們有能力在2024年6月實現20％的利用率目標充滿信心。我們位於北卡羅來納州的200毫米材料工廠 JP 仍在繼續施工。在本季度，我們開始安裝熔爐並將設施連接到電網，最近我們還舉辦了封頂儀式。正如我們之前所說，莫霍克谷將成爲Wolfspeed增長的飛輪，日本將在爲其提供高質量材料方面發揮重要作用。這些設施取得的運營進展以及它將如何支持我們的長期增長軌跡令我們感到鼓舞。”
Wolfspeed shares fell 3.4% to close at $26.11 on Wednesday.
週三，Wolfspeed股價下跌3.4％，收於26.11美元。
These analysts made changes to their price targets on Wolfspeed following earnings announcement.
業績公佈後，這些分析師更改了Wolfspeed的目標股價。
- Mizuho cut the price target on Wolfspeed from $30 to $27. Mizuho analyst Vijay Rakesh maintained a Neutral rating.
- Susquehanna lowered the price target on Wolfspeed from $25 to $23. Susquehanna analyst Christopher Rolland maintained a Neutral rating.
- TD Cowen analyst Matthew Ramsay downgraded Wolfspeed from Buy to Hold and announced a $25 price target.
- 瑞穗將Wolfspeed的目標股價從30美元下調至27美元。瑞穗分析師維傑·拉克什維持中性評級。
- 薩斯奎哈納將Wolfspeed的目標股價從25美元下調至23美元。薩斯奎哈納分析師克里斯托弗·羅蘭維持中性評級。
- 道明考恩分析師馬修·拉姆齊將Wolfspeed的評級從買入下調至持有，並宣佈了25美元的目標股價。
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譯文內容由第三人軟體翻譯。