Wolfspeed reports financial results for the third quarter of fiscal year 2023

Durham, n.c.--(business wire)--wolfspeed, inc. (nyse: wolf) today announced its results for the third quarter of fiscal 2023. quarterly financial highlights (all comparisons are to the third quarter of fiscal 2022, unless otherwise noted) revenue of $228.7 million, compared to $188.0 million gaap gross margin of 29.8%, compared to 34.0% non-gaap gross margin of 32.3%, compared to 36.3% gaap net loss of $99.5 million, or $0.80 per diluted share, compared to $66.5 million, or $0.54 per diluted sh.
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