Wolfspeed, Inc. (NYSE:WOLF) Q1 2024 Earnings Conference Call October 30, 2023 5:00 PM ET

Company Participants

Tyler Gronbach - Vice President of External Affairs

Gregg Lowe - President and Chief Executive Officer

Neill Reynolds - Chief Financial Officer

Conference Call Participants

Joseph Cardoso - JPMorgan

Harsh Kumar - Piper Sandler

George Gianarikas - Canaccord Genuity

Brian Lee - Goldman Sachs

Joshua Buchalter - Cowen

Jed Dorsheimer - William Blair

Colin Rusch - Oppenheimer

Vivek Arya - Bank of America

Christopher Rolland - Susquehanna

Natalia Winkler - Jefferies

Matthew Prisco - Evercore

Edward Snyder - Charter Equity Research

Operator

Hello, everyone, and welcome to the Wolfspeed First Quarter Fiscal 2024 Conference Call. My name is Nadia and I'll be coordinating the call today. [Operator Instructions]

I will now hand over to your host, Tyler Gronbach, Vice President, External Affairs to begin. Tyler, please go ahead.

Tyler Gronbach

Thank you, operator, and good afternoon, everyone. Welcome to Wolfspeed's first quarter fiscal 2024 conference call. Today Wolfspeed's CEO, Gregg Lowe; and Wolfspeed's, CFO, Neill Reynolds, will report on the results for the first quarter of fiscal year 2024.

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 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 mentioned important factors that could cause actual results to differ materially.

Lastly, I would also like to note that during the quarter, we announced our intent to sell our RF business to MACOM. The results of our RF business will now be classified as discontinuing operations and all discussions today will be on a continuing operations basis. During the Q&A, we would ask that you limit yourself to one question 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.