Wolfspeed, Inc. (NYSE:WOLF) Q2 2023 Earnings Conference Call January 25, 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

Harsh Kumar - Piper Sandler

Brian Lee - Goldman Sachs

Samik Chatterjee - JPMorgan

Gary Mobley - Wells Fargo

Colin Rusch - Oppenheimer

Jed Dorsheimer - William Blair

Blake Friedman - Bank of America

Matt Ramsay - Cowen

Katya Evstratyeva - Canaccord Genuity

Edward Snyder - Charter Equity Research

Matthew Prisco - Evercore

David O'Connor - BNP Paribas

Operator

Good afternoon. Thank you for standing by. And welcome to the Wolfspeed Incorporated Second Quarter Fiscal Year 2023 Earnings Call. Currently, all participants are in listen-only mode. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] We ask that you limit yourself to asking one question and one follow-up.

Thank you. Please note today’s call is being recorded. I would now like to hand the conference over to our first speaker today, Tyler Gronbach, Vice President of Investor Relations. Please go ahead.

Tyler Gronbach

Thank you, and good afternoon, everyone. Welcome to Wolfspeed’s second quarter fiscal 2023 conference call. Today Wolfspeed’s CEO, Gregg Lowe; and Wolfspeed’s CFO, Neill Reynolds, will report on the results for the second 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, including risks related to the impact of the COVID-19 pandemic.

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.