Wolfspeed Inc. (NYSE:WOLF) Q3 2023 Results Conference Call April 26, 2023 5:00 PM ET

Company Participants

Tyler Gronbach - Vice President, Investor Relations

Gregg Lowe - Chief Executive Officer

Neill Reynolds - Chief Financial Officer

Conference Call Participants

Jed Dorsheimer - William Blair

Brian Lee - Goldman Sachs

Gary Mobley - Wells Fargo

Matt Ramsay - Cowen

Samik Chatterjee - JPMorgan

Edward Snyder - Charter Equity Research

Colin Rusch - Oppenheimer

Blake Friedman - Bank of America

Pierre Ferragu - New Street Research LLP

Operator

Good evening, and thank you for standing by, and welcome to the Wolfspeed, Inc. Third Quarter Fiscal Year 2023 Earnings Call. [Operator Instructions] Please note, today's call is being recorded.

I would now like to hand the conference over to your first speaker today, Tyler Gronbach, Vice President of External Affairs. Sir, please go ahead.

Tyler Gronbach

Thank you, operator, and good afternoon, everyone. Welcome to Wolfspeed's Third Quarter Fiscal 2023 Conference Call. Today, Wolfspeed's CEO, Gregg Lowe; and Wolfspeed CFO, Neill Reynolds, will report on the results for the third quarter of fiscal year 2023.

Please note that we will be presenting non-GAAP financial results during today's call, which is consistent with how management measures Wolfspeed's results internally. 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 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 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 mention important factors that could cause actual results to differ materially.

[Operator Instructions] And now I'd like to turn the call over to Gregg.

Gregg Lowe

Thanks, Tyler, and good afternoon, everyone. Thank you for joining us today to discuss our latest financial results. Now before we dive into the details, I want to take a moment to express our gratitude to President Biden, Secretary Raimondo, Governor Cooper and all of those who joined us at our Durham headquarters last month. As an American company, we share the administration's goal of driving U.S. innovation and manufacturing.