OverviewSuggest Edit

Cree is a company providing Wolfspeed power and radio frequency (RF) semiconductors and specialty lighting-class LED products. It operates in two segments.The Wolfspeed segment includes silicon carbide and gallium nitride materials, power devices, and RF devices used in electric vehicles, motor drives, power supplies, as well as solar, transportation, military communications, radar, satellite, and telecommunication applications. The LED Products segment consists of blue and green LED chips, high-brightness LEDs, and lighting-class power LEDs targeted for lighting, video screens, automotive, and specialty lighting applications.

TypePublic
Founded1987
HQDurham, NC, US
Websitecree.com
Employee Ratings3.4
Overall CultureC+

Latest Updates

Employees (est.) (Jun 2020)5,130(-3%)
Revenue (FY, 2020)$903.9 M(-16%)
Share Price (Jan 2021)$117.2 (-5%)
Cybersecurity ratingDMore

Key People/Management at Cree

Gregg A. Lowe

Gregg A. Lowe

President, Chief Executive Officer and Director
Darren R. Jackson

Darren R. Jackson

Chairman
Anne C. Whitaker

Anne C. Whitaker

Director
Duy-Loan Le

Duy-Loan Le

Director
Glenda Dorchak

Glenda Dorchak

Director
John B. Replogle

John B. Replogle

Director
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Cree Office Locations

Cree has offices in Durham, Fayetteville, Morgan Hill, Mississauga and in 9 other locations
Durham, NC, US (HQ)
4600 Silicon Dr
Durham, NC, US
3028 E Cornwallis Rd
Fayetteville, AR, US
535 W Research Center Blvd #209
Morgan Hill, CA, US
18275 Serene Dr
Mississauga, CA
6889 Rexwood Rd #6
Shanghai, CN
16/F, Block 1, Universal Hi-Tech Plaza No. 958 Zhenbei Road
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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 $903.90 m in FY, 2020
USD

Revenue (Q1, 2021)

216.6m

Gross profit (Q1, 2021)

54.0m

Gross profit margin (Q1, 2021), %

24.9%

Net income (Q1, 2021)

(184.1m)

EBIT (Q1, 2021)

(184.1m)

Market capitalization (15-Jan-2021)

12.9b

Closing stock price (15-Jan-2021)

117.2

Cash (27-Sept-2020)

436.4m

EV

13.3b
Cree's current market capitalization is $12.9 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
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(21.5m)(98.1m)(279.9m)(375.1m)(190.6m)

Depreciation and Amortization

159.1m150.5m153.9m143.6m123.9m

Inventories

(23.3m)17.9m11.0m(43.3m)9.9m

Accounts Payable

(12.1m)(4.8m)14.3m6.4m(16.3m)
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

$193.20 m$238.40 m$181.70 m$453.70 m$567.20 m$644.60 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

D

63/100

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

    C+

    67/100

  • CEO Rating

    B-

    70/100

  • Compensation

    B

    72/100

  • Diversity

    B+

    76/100

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Cree News and Updates

Could Cree Stock Drop To $80?

Cree stock is up around 2.3x since the beginning of this year, and at the current price around $106 per share, we believe that Cree stock has over 20% potential downside. Why is that? Our belief stems from the fact that Cree, a power and radio frequency product manufacturer, has seen its stock...

Worldwide Industry for Flash LEDs to 2025 - Players Include Cree, Epistar & Everlight Electronics Among Others

Dublin, Dec. 15, 2020 (GLOBE NEWSWIRE) -- The "Flash LED Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering. The global flash LED market grew at a CAGR of around 9% for the period spanning 2014-2019.…

What’s The Downside On Cree Stock?

Cree stock is up 54% since the beginning of this year, and at the current price of around $70 per share, we believe that Cree stock has more than 20% potential downside. Why is that? Our belief stems from the fact that Cree stock is still up around 67% from the low seen at the end of 2018...

Cree Stock To Drop More Than 20%?

Cree stock is up 54% since the beginning of this year, and at the current price of around $71 per share, we believe that Cree stock has more than 20% potential downside. Why is that? Our belief stems from the fact that Cree stock is still up over 65% from the low seen at the end of 2018...

Up More Than 2x Since March, Cree Stock Headed Back Down?

After a 108% rise since its low in March, at the current price of around $60 per share we believe Cree stock has reached its near term potential. The stock has crossed the level it was at before the drop in March, but in reality, demand and revenues will likely be affected this year...

Gold’n Futures mobilizes field crew to Cree Lake Gold Project

TORONTO, Sept. 01, 2020 (GLOBE NEWSWIRE) -- GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M), (the "Company”), is pleased to announce that a field crew has been mobilized to the company’s Cree Lake Gold Project (the “Property”).  The field crew is undertaking a program of prospecting, mapping a…
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Cree Blogs

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 …

Cree, Inc. to sell LED Business to SMART Global Holdings, Inc. for up to $300 Million

Upon closing, creates a pure-play global semiconductor powerhouse focused on providing disruptive technology solutions to high-growth segments including EV, 5G and industrial applications Transaction represents a key milestone in Cree’s transformation to focus on silicon carbide and gallium nitride

Cree, Inc. Announces Date for Third Quarter Fiscal 2020 Earnings Release and Webcast

Cree, Inc. Announces Date for Third Quarter Fiscal 2020 Earnings Release and Webcast Liz.McPherson@… Wed, 04/22/2020 - 08:00 Cree, Inc. Announces Date for Third Quarter Fiscal 2020 Earnings Release and Webcast Apr 22, 2020 This release is a backfill from a New…
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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, Darren R. Jackson and Anne C. Whitaker.

  • 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 II-VI, Grote Industries and OSRAM.

  • Where is Cree headquarters?

    Cree headquarters is located at 4600 Silicon Dr, Durham.

  • Where are Cree offices?

    Cree has offices in Durham, Fayetteville, Morgan Hill, Mississauga and in 9 other locations.

  • How many offices does Cree have?

    Cree has 14 offices.