Wolfspeed Inc (WOLF)

Net profit margin

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Net income (ttm)	US$ in thousands	-864,200	-802,600	-753,200	-699,400	-329,900	-184,200	-151,200	-157,000	-200,900	-380,900	-423,300	-409,600	-523,900	-415,800	-367,000	-338,300	-191,700	-285,900	-453,600	-401,800
Revenue (ttm)	US$ in thousands	808,400	641,700	715,400	780,300	879,900	881,000	849,900	784,800	699,400	624,100	566,500	539,700	592,900	652,800	734,000	857,800	896,200	941,700	1,000,689	1,165,805
Net profit margin		-106.90%	-125.07%	-105.28%	-89.63%	-37.49%	-20.91%	-17.79%	-20.01%	-28.72%	-61.03%	-74.72%	-75.89%	-88.36%	-63.69%	-50.00%	-39.44%	-21.39%	-30.36%	-45.33%	-34.47%

June 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-864,200K ÷ $808,400K
= -106.90%

The net profit margin of Wolfspeed Inc has shown significant fluctuations over the past several quarters. The company experienced negative net profit margins, with the lowest being -125.07% in March 2024. This indicates that the company's expenses exceeded its revenues during that period, resulting in a net loss.

There was a slight improvement in the net profit margin in the most recent quarter, with the margin standing at -106.90%. However, despite this improvement, the company is still reporting losses.

Overall, the trend in the net profit margin of Wolfspeed Inc demonstrates ongoing challenges in generating profits relative to its revenue. It may be important for the company to closely evaluate its cost structure and revenue-generating strategies to achieve sustainable profitability in the future.