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Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?

To: EvanG who wrote (10535)	8/18/2022 9:19:59 AM
From: Lou Weed	Read Replies (1) \| Respond to of 10712

Their D-IN metric is misleading IMO. That number doesn't represent an annual revenue - I believe it's the estimated lifetime revenue of each D-IN. Plus, does a D-IN mean a D-WIN?? I've been in the biz long enough to see D-INs vaporize due to priority/cost cutting etc. Aaaaand - if it does become a D-WIN there will likely be second and third sources taking a % of that number.

To: EvanG who wrote (10535)	8/18/2022 9:41:06 AM
From: slacker711	1 Recommendation Recommended By OldAIMGuy Respond to of 10712

Are you saying the design ins make sense to you? That a quarter could have enough design ins that it almost equals the annual revenue several years out is a strange situation. They need a better backlog type metric. Something over a year or two time frame. Yes, I would like to hear their design win revenue backlog as well as the longer-term number. I wouldn't describe this quarter's design-in number as strange though. Staggering is more like it. I thought the slide that they provided in the last analyst day illustrated the design-in revenue profile well. The ~25% of design-in that are industrial should ramp over the next few years while the design cycle for autos means we won't see a peak for those revs until ~'26. If FY'22 design in revenues of $6.4 billion have a similar profile, they likely added ~$1 billion to their '26 revs. If you assume all of that revenue was autos, that probably translates to supplying SiC to north of 3m vehicles. Is there double ordering? I think that depends on how much upfront money Wolfspeed is requiring for some of the large volume orders. At a minimum, Wolfspeed's capex plans indicate that they believe the revenue is coming.