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WOLFSPEED, INC. (CREE)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-25-23Jun-26-22Jun-27-21Jun-28-20Jun-30-19Jun-24-18Jun-25-17Jun-26-16
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenue, net  921.9746.2525.6470.7538.2924.9771.51,616.6
            Revenue, net growth  23.5%42.0%11.7%-12.5%-41.8%19.9%-52.3%-1.0%
Cost of revenue, net  642.4496.9361.0312.2294.5622.9527.5 
    Gross profit  279.5249.3164.6158.5243.7302.0244.0487.1
            Gross margin  30.3%33.4%31.3%33.7%45.3%32.7%31.6%30.1%
   
Operating expenses:          
Research and development  225.4196.4177.8152.0121.1127.3113.8168.8
Sales, general and administrative  235.3203.5181.6181.7168.9170.3145.7283.1
Factory start-up costs  160.270.08.0     
Amortization or impairment of acquisition-related intangibles  10.913.614.514.515.67.23.428.7
   
Abandonment of long-lived assets          
Loss (gain) on disposal or impairment of other assets  2.0-0.31.61.55.0  16.9
Other operating expense  26.313.921.132.926.616.8-0.6 
    Operating loss  -380.6-247.8-313.9-224.1-93.5-28.0-20.1-10.5
            Operating margin  -41.3%-33.2%-59.7%-47.6%-17.4%-3.0%-2.6%-0.6%
Non-operating (income) expense, net  -52.138.326.3-18.529.4-10.413.013.0
    Loss before income taxes  -328.5-286.1-340.2-205.6-122.9-17.6-7.1 
Income tax expense  1.49.01.1-8.0-4.4-1.281.0-2.0
    Net loss from continuing operations  -329.9-295.1-341.3-197.6-118.5-16.4-88.1-21.5
Net income (loss) from discontinued operations   94.2-181.27.0-256.6-263.5-10.0 
    Net loss  -329.9-200.9-522.5-190.6-375.1-279.9-98.1-21.5
Net income from discontinued operations attributable to noncontrolling interest    -1.4-1.1 -0.1  
    Net loss attributable to controlling interest  -329.9-200.9-523.9-191.7-375.1-280.0-98.1-21.5
   
Basic and diluted loss per share          
Continuing operations- basic (USD per share)  0.00.00.00.00.00.00.0 
Continuing operations - diluted (USD per share)  0.00.00.00.00.00.00.0 
   
Net loss attributable to controlling interest - basic (USD per share)  ($2.65)($1.67)($4.66)($1.78)($3.62)($2.81)($1.00)($0.21)
Net loss attributable to controlling interest - diluted (USD per share)  ($2.65)($1.67)($4.66)($1.78)($3.62)($2.81)($1.00)($0.21)
   
Weighted average shares - basic (shares)  124.4120.1112.3107.9103.699.598.5101.8
Weighted average shares - diluted (shares)  124.4120.1112.3107.9103.699.598.5101.8

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