Wolfspeed(WOLF) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Wolfspeed Reports Financial Results for the Third Quarter of Fiscal Year 2024 Mohawk Valley Fab Revenue more than Doubled Sequentially; On Track for 20% Utilization in Fourth Quarter of Fiscal 2024 $2.8 Billion of Design-Ins, Second Highest Quarter on Record DURHAM, N.C. May 1, 2024 -- Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2024. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the third quarter of fiscal 2023) ...