Benzinga | Jan 26, 2022 04:29PM EST

Wolfspeed: Q2 Earnings Insights

Wolfspeed (NYSE:WOLF) reported its Q2 earnings results on Wednesday, January 26, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Wolfspeed beat estimated earnings by 11.11%, reporting an EPS of $-0.16 versus an estimate of $-0.18, which surprised analysts.

Revenue was up $46.10 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02, which was followed by a 33.2% increase in the share price the next day.

Here's a look at Wolfspeed's past performance:



Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021EPS Estimate -0.23 -0.24 -0.23 -0.25EPS Actual -0.21 -0.23 -0.22 -0.24Revenue Estimate 149.17M 145.17M 130.21M 121.50MRevenue Actual 156.60M 145.80M 137.30M 127.00M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.