Wolfspeed, Inc. (WOLF) Q2 2025 Earnings Call Transcript

Wolfspeed, Inc. (NYSE:WOLF) Q2 2025 Earnings Conference Call January 29, 2025 5:00 PM ET

Company Participants

Tyler Gronbach - Vice President, External Affairs
Tom Werner - Executive Chairman
Neill Reynolds - Chief Financial Officer

Conference Call Participants

Brian Lee - Goldman Sachs
Jed Dorsheimer - William Blair
George Gianarikas - Canaccord
Samik Chatterjee - JPMorgan
Jack Egan - Charter Equity Research
Craig Irwin - Roth Capital Partners
Harsh Kumar - Piper Sandler

Operator

Hello, everyone. Thank you for attending today's Wolfspeed Incorporated Q2 Fiscal Year 2025 Earnings Call. My name is Sierra, and I will be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator Instructions]

I would now like to pass the conference over to our host, Tyler Gronbach, VP, External Affairs.

Tyler Gronbach

Thank you, operator, and good afternoon, everyone. Welcome to Wolfspeed's second quarter fiscal 2025 conference call.

Today, Wolfspeed's Executive Chairman, Tom Werner; and Wolfspeed's CFO, Neill Reynolds, will report on the results for the second quarter of fiscal year 2025. Also in attendance is Jay Cameron, our Head of Power Devices; and Rick Madormo, our Head of Sales and Product Marketing.

Please note that we will be presenting non-GAAP financial results during today's call, which we believe provides useful information to our investors. Non-GAAP results are not in accordance with GAAP and may not be comparable to non-GAAP information provided by other companies. Non-GAAP information should be considered as a supplement to and not a substitute for financial statements prepared in accordance with GAAP. A reconciliation to the most directly comparable GAAP measures is in our press release and posted in the Investor Relations section of our website, along with a historical summary of our other key metrics.