Wolfspeed, Inc. reported earnings results for the second quarter and six months ended December 25, 2022. For the second quarter, the company reported sales was USD 216.1 million compared to USD 173.1 million a year ago. Net loss was USD 90.9 million compared to USD 96.7 million a year ago. Basic loss per share from continuing operations was USD 0.73 compared to USD 0.82 a year ago. Diluted loss per share from continuing operations was USD 0.73 compared to USD 0.82 a year ago.
For the six months, sales was USD 457.4 million compared to USD 329.7 million a year ago. Net loss was USD 117.1 million compared to USD 166.8 million a year ago. Basic loss per share from continuing operations was USD 0.94 compared to USD 1.42 a year ago.