WOLFSPEED, INC. Goodwill & Intangibles Disclosure
| June 29, 2025 | June 30, 2024 | ||||||||||||||||||||||||||||||||||
| (in millions of U.S. Dollars) | Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net | |||||||||||||||||||||||||||||
| Intangible assets: | |||||||||||||||||||||||||||||||||||
| Developed technology | $ | — | $ | — | $ | — | $ | 24.0 | $ | (22.8) | $ | 1.2 | |||||||||||||||||||||||
| Acquisition related intangible assets | — | — | — | 24.0 | (22.8) | 1.2 | |||||||||||||||||||||||||||||
| Patent and licensing rights | 50.5 | (26.7) | 23.8 | 49.8 | (27.1) | 22.7 | |||||||||||||||||||||||||||||
| Total intangible assets | $50.5 | ($26.7) | $23.8 | $73.8 | ($49.9) | $23.9 | |||||||||||||||||||||||||||||
(in millions of U.S. Dollars) Fiscal Year Ending | Patents | ||||
| June 28, 2026 | $3.4 | ||||
| June 27, 2027 | 2.7 | ||||
| June 25, 2028 | 2.3 | ||||
| June 24, 2029 | 2.1 | ||||
| June 30, 2030 | 1.9 | ||||
| Thereafter | 11.4 | ||||
| Total future amortization expense | $23.8 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 26, 2025 | Showing above |
| 2024 | Aug 22, 2024 | |
| 2023 | Aug 23, 2023 | |
| 2022 | Aug 22, 2022 | |
| 2021 | Aug 18, 2021 | |
| 2020 | Aug 19, 2020 | |
| 2019 | Aug 21, 2019 | |
| 2018 | Aug 20, 2018 | |
| 2017 | Aug 23, 2017 | |
| 2016 | Aug 25, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.