Wolfspeed, Inc. (NYSE:WOLF) Q4 2023 Earnings Conference Call August 16, 2023 5:00 PM ET

Company Participants

Tyler Gronbach - Vice President of External Affairs

Gregg Lowe - Chief Executive Officer

Neill Reynolds - Chief Financial Officer

Conference Call Participants

Harsh Kumar - Piper Sandler

Jed Dorsheimer - William Blair

Edward Snyder - Charter Equity Research

Blake Friedman - Bank of America

Colin Rusch - Oppenheimer

Joshua Buchalter - TD Cowen

Matthew Prisco - Evercore

Natalia Winkler - Jefferies

Operator

Thank you for joining the Wolfspeed Q4 Fiscal 2023 Results Call.

I'd now like to turn the call over to Tyler Gronbach, VP of External Affairs with Wolfspeed.

Tyler Gronbach

Thank you, operator, and good afternoon, everyone. Welcome to Wolfspeed's fourth quarter fiscal 2023 conference call.

Today, Wolfspeed's CEO, Gregg Lowe, and Wolfspeed's CFO, Neill Reynolds, will report on the results for the fourth quarter and full year of fiscal year 2023.

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 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 other key metrics.

Today's discussion includes forward-looking statements about our business outlook, and we may make other forward-looking statements during the call. Such forward-looking statements are subject to numerous risks and uncertainties. Our press release today and the SEC filings noted in the release mentioned import factors that could cause actual results to differ materially.

During the Q&A session, we would ask that you limit yourself to one question and one follow-up so that we can accommodate as many questions as possible during today's call. If you have any additional questions, please feel free to contact us after the call.

And now, I'll turn the call over to Gregg.

Gregg Lowe

Thanks, Tyler, and good afternoon, everyone.

As we close out fiscal 2023, we look back having made significant strides across all areas of our business. Our Mohawk Valley fab, which is the world's largest fully automated 200-millimeter silicon carbide fab, began shipping product and contributing revenue.