OverviewSuggest Edit

Cree is a semiconductor company focused on silicon carbide and gallium nitride (GaN) technologies. Its Wolfspeed power and radio frequency (RF) semiconductors are used in automotive, industrial, renewable energy, aerospace and defense, communication infrastructure, and materials applications.

TypePublic
Founded1987
HQDurham, NC, US
Websitecree.com
Employee Ratings3.4
Overall CultureA-

Latest Updates

Employees (est.) (Jun 2020)5,130(-3%)
Job Openings335
Revenue (FY, 2020)$903.9 M(-16%)
Share Price (Jul 2021)$92.2(-1%)
Cybersecurity ratingCMore

Key People/Management at Cree

Gregg A. Lowe

Gregg A. Lowe

President, Chief Executive Officer and Director
John Palmour

John Palmour

CTO
Darren R. Jackson

Darren R. Jackson

Chairman
Neill Reynolds

Neill Reynolds

Chief Financial Officer
Duy-Loan Le

Duy-Loan Le

Director
Margaret Chadwick

Margaret Chadwick

Chief Human Resources Officer
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Cree Office Locations

Cree has offices in Durham, Unterschleißheim, Bayan Lepas and New Taipei City
Durham, NC, US (HQ)
4600 Silicon Dr
Unterschleißheim, DE
Einsteinstraße 12
Bayan Lepas, MY
31-15-3A, Lebuh Nipah 5
New Taipei City, TW
12F, No.657, Bannan Road Zhonghe District
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Cree Financials and Metrics

Cree Revenue

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View revenue for all periods
Cree's revenue was reported to be $903.9 m in FY, 2020
USD

Revenue (Q3, 2021)

137.3m

Gross profit (Q3, 2021)

44.0m

Gross profit margin (Q3, 2021), %

32%

Net income (Q3, 2021)

(108.1m)

EBIT (Q3, 2021)

(61.4m)

Market capitalization (22-Jul-2021)

10.6b

Closing stock price (22-Jul-2021)

92.2

Cash (28-Mar-2021)

531.6m

EV

10.9b
Cree's current market capitalization is $10.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.6b1.5b1.5b1.1b903.9m

Revenue growth, %

(1%)(9%)1%(28%)

Cost of goods sold

1.1b1.0b1.1b689.0m655.6m

Gross profit

487.1m434.6m407.6m391.0m248.3m
Quarterly
USDFY, 2016

Revenue/Employee

259.2k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.2 x
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Cree Operating Metrics

Cree's Backlog was reported to be $644.6m in FY, 2019.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Backlog

$193.2 m$238.4 m$181.7 m$453.7 m$567.2 m$644.6 m

Patents (Foreign)

2.34 k2.73 k2.98 k3.08 k3.26 k2.39 k

Patents (US)

1.33 k1.58 k1.82 k2.11 k2.25 k1.38 k
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Cree Acquisitions / Subsidiaries

Company NameDateDeal Size
Infineon Technologies - Radio Frequency (RF) Power BusinessMarch 06, 2018€345 m
Arkansas Power Electronics International IncJuly 09, 2015
Ruud Lighting IncAugust 17, 2011
LED Lighting FixturesFebruary 08, 2008
Cree Hong Kong Limited

Cree Revenue Breakdown

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Cree revenue breakdown by business segment: 49.8% from Wolfspeed and 50.2% from LED Products

Cree revenue breakdown by geographic segment: 23.6% from Europe, 24.2% from United States, 34.0% from China and 18.2% from Other

Cree Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

Cree Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Cree Online and Social Media Presence

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Cree Company Culture

  • Overall Culture

    A-

    74/100

  • CEO Rating

    A+

    78/100

  • Compensation

    A

    80/100

  • Diversity

    A

    80/100

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Cree News and Updates

Strong Demand Revival Could Help Cree Stock Regain Recent Highs

Up almost 3x from its low in March 2020, at the current price of $93 per share, we believe Cree stock has further upside potential. Cree stock rose from $32 in March 2020 to $93 currently, much more than the S&P, which increased by around 90% from its lows. Further, the stock is up almost 2x fro…

$77.9 Billion Worldwide Optoelectronics Industry to 2027 - Featuring ON Semiconductor, Cree & TT Electronics Among Others

DUBLIN, June 21, 2021 /PRNewswire/ -- The "Optoelectronics Market by Device (LEDs, Sensors), Device Material (Gallium Nitride, Indium Phosphide), Application (Measurement, Communication, Lighting), End User (Consumer Electronics, Healthcare), and Geography - Forecast to 2027" report has...

Canadian Parks and Wilderness Society celebrates declaration of Indigenous-led protection of the Saskatchewan River Delta by Cumberland House Cree Nation

The June 10 declaration of environmental and economic jurisdiction and protection of Kitaskīnaw by Chief Rene Chaboyer is first step in Indigenous-led protection of the Delta The June 10 declaration of environmental and economic jurisdiction and protection of Kitaskīnaw by Chief Rene Chaboyer is fir…

Cree stock surges after BofA says buy the chip maker that's 'turbocharging EVs'

Shares of Cree Inc. surged 3.1% in midday trading Monday, after BofA Securities analyst Vivek Arya recommended investors buy, saying the special semiconductor materials maker is "turbocharging EVs" (electric vehicles). Arya initiated coverage of Cree with a buy rating and $140 stock price target, w…

Cree completes $500 million at-the-market equity offering

Shares of Cree Inc. , a light-emitting diode products company, rose 1.4% in premarket trade Friday, after the company said it has completed a $500 million at-the-market equity offering. Cree sold 4.2 million shares with proceeds to be used to bolster its balance sheet and boost liquidity to grow its…

Cree stock pulls back from a record after filing for the ATM sale of up to $500 million in stock

Shares of Cree Inc. fell 4.0% in premarket trading Friday, after the light-emitting diode products company filed for the "at-the-market" (ATM) sale of up to $500 million worth of its common stock. Based on Thursday's record stock closing price of $128.28, the filing could represent up to 3.9 millio…
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Cree Blogs

MaxLinear Linearization and Cree GaN on SiC Power Amplifiers Combine to Efficiently Power New Ultra-Wideband 5G

New GaN on SiC Linearization Solution enables 5G base stations to support more high-speed data for mobile users CARLSBAD, Calif. & DURHAM, N.C. --(BUSINESS WIRE)--Jun. 23, 2021-- MaxLinear, Inc. (NYSE: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated

Cree, Inc. to Participate in J.P. Morgan’s 49th Annual Global Technology, Media and Communications Conference

Cree, Inc. to Participate in J.P. Morgan’s 49th Annual Global Technology, Media and Communications Conference Liz.McPherson@… Mon, 05/24/2021 - 11:30 Cree, Inc. to Participate in J.P. Morgan’s 49th Annual Global Technology, Media and Communications Conference May 24, 2021 …

Marvin A. Riley

Marvin A. Riley Liz.McPherson@… Tue, 01/26/2021 - 08:54 Member of the Compensation Committee Member of the Governance and Nominations Committee Marvin A. Riley Director Mr. Riley joined the Board of Directors in January 2021. He is curre…

Cree, Inc. to Report Second Quarter Fiscal 2021 Earnings on January 27, 2021

DURHAM, N.C. --(BUSINESS WIRE)--Jan. 20, 2021-- Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its second quarter fiscal 2021 results and business outlook on January 27, 2021 , at 5:00 p.m. Eastern Time .

Cree, Inc. to Present at Upcoming Virtual Investor Conferences

Cree, Inc. to Present at Upcoming Virtual Investor Conferences Paul.alfano@na… Mon, 11/30/2020 - 14:00 Cree, Inc. to Present at Upcoming Virtual Investor Conferences Nov 30, 2020 This release is a backfill from a News Wire General DUR…

Cree, Inc. to Report First Quarter Fiscal 2021 Earnings on October 28, 2020

Cree, Inc. to Report First Quarter Fiscal 2021 Earnings on October 28, 2020 Liz.McPherson@… Thu, 10/22/2020 - 08:01 Cree, Inc. to Report First Quarter Fiscal 2021 Earnings on October 28, 2020 Oct 22, 2020 This release is a backfill from a News Wire …
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Cree Frequently Asked Questions

  • When was Cree founded?

    Cree was founded in 1987.

  • Who are Cree key executives?

    Cree's key executives are Gregg A. Lowe, John Palmour and Darren R. Jackson.

  • How many employees does Cree have?

    Cree has 5,130 employees.

  • What is Cree revenue?

    Latest Cree annual revenue is $903.9 m.

  • What is Cree revenue per employee?

    Latest Cree revenue per employee is $176.2 k.

  • Who are Cree competitors?

    Competitors of Cree include STMicroelectronics, Mitsubishi Electric Europe and ON Semiconductor.

  • Where is Cree headquarters?

    Cree headquarters is located at 4600 Silicon Dr, Durham.

  • Where are Cree offices?

    Cree has offices in Durham, Unterschleißheim, Bayan Lepas and New Taipei City.

  • How many offices does Cree have?

    Cree has 4 offices.