No, Wolfspeed is not profitable. The company reported a significant net loss in its most recent fiscal quarter.
Wolfspeed's Recent Financial Performance
In its fiscal 2025 first quarter, which concluded on September 29, Wolfspeed experienced a substantial net loss, indicating it is currently not operating profitably. This can be understood by examining its revenue and costs:
- Revenue Generated: $194.7 million
- Net Cost to Produce Revenue: $230.9 million
- Operating Expenses: $230.1 million
- Total Net Loss for the Quarter: $282.2 million
These figures clearly show that the company's expenses far exceeded its income from operations.
Breakdown of Quarterly Financials
To further illustrate Wolfspeed's financial position during this period, here is a summary:
| Financial Metric | Amount (Millions USD) | Description |
|---|---|---|
| Revenue | $194.7 | Money earned from sales of goods or services. |
| Cost of Revenue | $230.9 | Direct costs attributable to the production of revenue. |
| Gross Loss | -$36.2 | Revenue minus Cost of Revenue. |
| Operating Expenses | $230.1 | Costs not directly tied to production, like R&D, sales, and administrative. |
| Total Net Loss | -$282.2 | The overall loss after all expenses are deducted from revenue. |
As seen in the table, Wolfspeed incurred a gross loss of $36.2 million, meaning the direct costs of producing its products were more than the revenue those products generated. When combined with substantial operating expenses, this led to the reported net loss.
For more detailed financial analysis, you can refer to reports from reputable financial news outlets such as The Motley Fool.
