Wolfspeed, Inc. (NYSE:WOLF) Q3 2024 Earnings Conference Call May 1, 2024 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

George Gianarikas - Canaccord Genuity
Brian Lee - Goldman Sachs
Joseph Cardoso - JPMorgan
Jed Dorsheimer - William Blair
Joshua Buchalter - TD Cowen
Colin Rusch - Oppenheimer
Jack Egan - Charter Equity Research

Operator

Hello all and welcome to Wolfspeed's Third Quarter Fiscal 2024 Conference Call. My name is Lydia and I'll be your operator today. [Operator Instructions]

I'll now hand you over to Tyler Gronbach, Vice President of External Affairs to begin. Please go ahead.

Tyler Gronbach

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

Last note that all discussions today will be on a continuing operation basis. During the Q&A session, 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.

And now I'd like to turn the call over to Gregg.

Gregg Lowe

Thanks, Tyler, and good afternoon, everyone. Wolfspeed is the world's only pure play vertically integrated silicon carbide company. 100% of our team's focus is to capitalize on the industry transition from traditional silicon to next-generation silicon carbide, helping customers deliver energy efficient products to market and pursuing outsized returns for our investors.