Wolfspeed Inc Q2 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : So a couple of quick ones. Just wanted to see if you can share a bit more color about the $2.1 billion of design wins or particularly the acceleration that you saw this quarter in the design wins. If you can break that down by either application or use cases. I'm just wondering, is it you had a certain application, and you found you were able to design in with more customers in the same vertical? Or is it more about new applications really driving those acceleration design wins. If you can share some color on that? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 26, 2022 / 10:00PM, WOLF.N - Q2 2022 Wolfspeed Inc Earnings Call

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : Got it. And just a quick follow-up and maybe this is more for Neill. You -- if you can just help me through the gross margin bridge. You grew at 35.4%. I believe, based on what you've discussed, the depreciation itself change there should be helping you by about 100 basis points or so, but maybe if you can correct me if I'm wrong there. So I'm just trying to think about the gross margin bridge given you should have some organically better margins on the higher revenue as well, so the puts and takes, if you can, please?