Wolfspeed looks ahead to first quarter of fiscal 2025, sets revenue targets and factory utilization

Wolfspeed has set revenue and plant utilization targets for the first quarter of fiscal 2025. The company is targeting revenue from continuing operations of between $185 million and $215 million for the quarter, with a GAAP net loss target of $226 million. At the same time, the utilization rate of the Mohawk Valley plant is expected to reach 25%, one quarter earlier than expected.