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Technology Stocks : Wolf speed
WOLF 24.39-7.4%9:30 AM EST

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From: slacker71111/2/2022 9:59:55 PM
   of 10712
 
There are lots of things I like about Wolfspeed's management team but their handling of non-GAAP is utter BS. They have decided to exclude factory underutilization charges from their non-GAAP gross margins.

This is worse than their current practice of excluding factory startup costs from non-GAAP GM's.

Their guidance for GAAP GM's in '24/'25 has dropped from 49% to 40%.

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