Wolfspeed has added genuine positive evidence, but factory economics remain unproven. Gross margin improved sequentially, capital spending normalized and LITEON qualified the company's silicon carbide for an 800-volt data-center platform. The value of that design win remains undisclosed.
Revenue has declined for three consecutive quarters, quarterly operating cash use worsened to roughly $83.8 million, and a heavily shorted float makes the recent price advance difficult to separate from covering. The August 19 report must connect higher utilization with better margins and lower cash use.
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