Wolfspeed, Inc.

Good evening. Thank you for standing by and welcome to the Will Speed Incorporated first quarter fiscal year 2022 earnings call. At this time, all participants are in a listen-only mode. All lines have been placed on mute to prevent any background noise. After the speakers will remark, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, please press star followed by two. We ask that you limit yourself to one question and one follow-up. Thank you. Please note, today's call is being recorded. I would now like to hand the conference over to your first speaker today, Tyler Groenbach, Vice President of Investor Relations. Please go ahead.

Thank you, and good afternoon, everyone. Welcome to Wolfspeed's first quarter fiscal 2022 conference call. Today, Wolfspeed CEO Greg Lowe and Wolfspeed CFO Neil Reynolds will report on the results for the first quarter of fiscal year 2022. Please note that we will be presenting non-GAAP financial results during today's call, which is consistent with how management measures Wolfspeed's results internally. Non-GAAP results are not in accordance with GAAP and may not be comparable to non-GAAP information provided by other companies. Non-GAAP information should be considered a supplement to and not a substitute for financial statements prepared in accordance with GAAP. A reconciliation to the most directly comparable GAAP measures is in our press release and posted in the investor relations section of our website, along with a historical summary of other key metrics. Today's discussion includes forward-looking statements about our business outlook, and we may make other forward-looking statements during the course of the call. Such forward-looking statements are subject to numerous risks and uncertainties. Our news release today and the FCC filings noted in the release mention important factors that could cause actual results to differ materially, including risks related to the impact of a COVID-19 pandemic. During the Q&A session, we would ask that you limit yourself to one question and one follow-up so that we can accommodate as many questions as possible during today's call. If you have any additional questions, please feel free to contact us after the call. And now, I'd like to turn the call over to Greg.

Thanks, Tyler, and good afternoon, everyone. Thank you for joining us today, and I hope you and your families are staying healthy and safe. I am pleased to report that during the first quarter, we continued to execute and drive our business, delivering strong revenue above our guidance and non-GAAP diluted earnings per share at the high end of our guidance range. Now this has been a momentous period for us. We changed our name to Woolspeed, capitalizing on our 30 year plus heritage of working with silicon carbide. The next generation of power semiconductors will be driven by silicon carbide technology with superior performance that unleashes new possibilities and positive changes to the way we live. As the original champion of this technology, we couldn't be more excited to compete and win in the rapidly expanding marketplace. As part of our move to wool speed, we also are pleased to have joined the New York Stock Exchange earlier this month as we continue on our transformational journey as a pure play global semiconductor powerhouse leading the industry transition from silicon to silicon carbide. We look forward to discussing the strong progress we've made on our transformational journey and strategy and share more detail about this exciting long-term outlook during our investor day in New York City next month. If you haven't received a registration link, please reach out to Tyler. I'll now turn it over to Neil, who will provide an overview of our financial results for the first quarter and our outlook for the second quarter of fiscal 2022. Neil.