Wolfspeed, Inc. (WOLF) Q1 2025 Earnings Call Transcript Summary
Wolfspeed, Inc. (WOLF) Q1 2025 Earnings Call Transcript Summary
Materials revenue stable at $98 million, supported by strong operating performance.The following is a summary of the Wolfspeed, Inc. (WOLF) Q1 2025 Earnings Call Transcript:
以下是Wolfspeed, Inc. (WOLF) 2025年第一季度業績會交易摘要:
Financial Performance:
財務表現:
Reported Q1 FY25 revenue of $195 million, a 3% sequential decline, with a non-GAAP gross margin of 3.4%.
Power revenue of $97 million, down quarter-over-quarter due to lower demand in the industrial and energy sectors, with Mohawk Valley contributing $49 million.
Materials revenue stable at $98 million, supported by strong operating performance.
Free cash flow negative at $528 million, including negative operating cash flow of $132 million and capital expenditures of $396 million.
Cash and cash equivalents position remains strong at approximately $1.7 billion.
報告2025財年第一季度營業收入爲19500萬美元，環比下降3%，非通用會計淨毛利率爲3.4%。
能源業務營業收入爲9700萬美元，由於工業和能源行業需求減少，環比下降，Mohawk Valley貢獻4900萬美元。
材料業務營收穩定在9800萬美元，受到良好的運營表現支持。
自由現金流爲負52800萬美元，包括負營業現金流13200萬美元和資本支出39600萬美元。
現金及現金等價物餘額約爲17億美元，仍然保持強勁。
Business Progress:
業務進展：
Transitioning to a 200mm silicon carbide power device platform to enhance yields, reduce costs, and improve overall economics.
Closing the 150mm device fab in Durham and the epitaxy facility in Farmers Branch as part of a restructuring plan to align the business with current market conditions.
Initiating facility closures and workforce reduction impacting about 20% of the total employee base, aiming for annual cash savings of approximately $200 million.
Adjusting 2025 CapEx guidance down by $100 million to between $1.1 billion and $1.3 billion to match market demand and maintain operational efficiency.
轉型爲200mm碳化硅功率器件平台，以提高產量，降低成本，改善總體經濟效益。
作爲與當前市場條件一致的重組計劃的一部分，關閉達勒姆的150mm器件生產廠和法默斯布蘭奇的外延設施，以調整業務。
啓動設施關閉和員工減少，影響約20%的總僱員基數，旨在實現約20000萬美元的年度現金儲蓄。
將2025年的資本支出指引下調10000萬美元至11億至13億美元，以匹配市場需求，保持運營效率。
Opportunities:
機會：
The EV market continues to grow, with revenue from EVs increasing and expected to expand throughout 2025, underscoring long-term growth potential for silicon carbide technology in automotive applications.
Secured significant funding, including $2.5 billion from the CHIPS and Science Act and an investor group, to support U.S. capacity expansion plans and solidify the capital structure.
電動汽車市場持續增長，電動汽車收入持續增加，預計在2025年全面擴大，突顯碳化硅技術在汽車應用中的長期增長潛力。
已獲得重要資金，包括25億美元來自CHIPS和科學法案以及一家投資者團體，以支持美國的產能擴張計劃，鞏固資本結構。
Risks:
風險：
Anticipated slowdown in EV demand affecting revenue growth, although long-term projections remain positive.
Continuing softness in the industrial and energy sectors due to macroeconomic pressures may delay recovery and affect revenue.
預期電動車需求放緩影響營業收入增長，儘管長期展望仍然積極。
由於宏觀經濟壓力，工業和能源行業持續疲軟可能延遲復甦並影響營業收入。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
