Wolfspeed reports financial results for the first quarter of fiscal year 2024

Durham, n.c.--(business wire)--wolfspeed, inc. (nyse: wolf) today announced its results for the first quarter of fiscal 2024. quarterly financial highlights (continuing operations only. all comparisons are to the first quarter of fiscal 2023) consolidated revenue of $197.4 million, compared to $189.4 million mohawk valley fab contributed $4.0 million in revenue device design-ins of $2.2 billion and quarterly record of over $1 billion in device design-wins gaap gross margin of 12.5%, compared to.
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