Cree, Inc. is an American worldwide manufacturer and marketer of lighting-class LEDs, lighting products and products for power and radio-frequency applications. Most of its products are based on silicon carbide (SiC), a rare, naturally occurring mineral compound which early Cree researchers successfully synthesized in a laboratory. SiC enables higher performance in applications which require high endurance and in semiconductor devices that operate at high temperatures or high voltages, or both. With the establishment of a reliable source for high-quality SiC, the Company expanded into several market segments with products that provided significantly higher performance and efficiency. Cree's product families include LED lighting systems and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, and a portfolio of SiC-based and wide bandgap SiC-on-GaN (gallium nitride) power-switching and RF (radio frequency) devices. These products enable applications that include general illumination, electronic signs and signals, industrial power supplies and inverters, and military, satellite and broadband telecommunications.

Company Growth (employees)
Durham, US
Size (employees)
6,237 (est)
Cree was founded in 1987 and is headquartered in Durham, US

Key People/Management at Cree

Thomas Werner

Thomas Werner

Anne Whitaker

Anne Whitaker

Robert Ingram

Robert Ingram


Cree Office Locations

Cree has offices in Durham, Täby, Shanghai, Shenzhen Shi and in 8 other locations
Durham, US (HQ)
4600 Silicon Drive
Bayan Lepas, MY
15 Lebuh Nipah 5
Hong Kong, HK
Green 18 18 Science Park E Ave
Unterschleißheim, DE
12 Einsteinstraße
Mississauga, CA
6 6889 Rexwood Rd
Goleta, US
340 Storke Rd
Show all (13)

Cree Financials and Metrics

Cree Financials

Cree's revenue was reported to be $341.5 m in Q3, 2017

Revenue (Q3, 2017)

341.5 m

Net income (Q3, 2017)

(92.2 m)

EBIT (Q3, 2017)

(19.9 m)

Market capitalization (17-Oct-2017)

2.9 b

Cash (26-Mar-2017)

117.1 m
Cree's current market capitalization is $2.9 b.
USDFY, 2014FY, 2015FY, 2016


1.6 b1.6 b1.6 b

Revenue growth, %



134.3 m(72.5 m)(10.5 m)

EBIT margin, %

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


425.5 m435.8 m366.9 m321.3 m347 m341.5 m

R&D expense

43.5 m42 m41.9 m28.5 m28.1 m41.5 m

Operating expense total

43.5 m42 m41.9 m28.5 m28.1 m41.5 m


(8.7 m)9.4 m(4.5 m)(10.1 m)8.7 m(19.9 m)
USDFY, 2014FY, 2015FY, 2016


286.8 m139.7 m166.2 m

Accounts Receivable

225.2 m186.2 m165.6 m


284.8 m280.6 m303.5 m

Current Assets

1.8 b1.3 b1.2 b
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


196.3 m200 m204.7 m83.4 m90.6 m115.6 m127.8 m137.1 m117.1 m

Accounts Receivable

237 m219 m216.2 m193.8 m183.1 m178.6 m146.1 m121.8 m149.5 m


310.8 m332.5 m299.4 m289.1 m280.8 m297.9 m291.5 m281.7 m291.1 m

Current Assets

1.8 b1.5 b1.4 b1.3 b1.2 b1.2 b1.5 b1.5 b1.1 b
USDFY, 2014FY, 2015FY, 2016

Net Income

124.2 m(64.1 m)(21.5 m)

Depreciation and Amortization

163 m172.3 m159.1 m

Accounts Receivable

(33 m)37.9 m21.8 m


(87 m)3.5 m(23 m)
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

11.1 m23.3 m23.9 m(23.6 m)(9.7 m)(10.9 m)566 k6.8 m(92.2 m)

Depreciation and Amortization

43.3 m87.1 m130.4 m41.2 m81.4 m119.9 m35.9 m62.6 m113.5 m

Accounts Receivable

(12 m)5.6 m7.6 m(6.4 m)3.9 m8.6 m(9.2 m)13.6 m16.1 m


(25.7 m)(47.7 m)(15.1 m)(8.4 m)(514 k)(17.5 m)(10.8 m)1.3 m12.1 m
USDY, 2017


54.8 k

Financial Leverage

1.2 x
Show all financial metrics

Cree Operating Metrics

Cree's Backlog was reported to be $181.7 m in FY, 2016
FY, 2014FY, 2015FY, 2016


$193.2 m$238.4 m$181.7 m

Patents (US)

1.33 k1.58 k1.82 k

Patents (foreign)

2.34 k2.73 k2.98 k
Show all operating metrics

Cree Market Value History

Cree Revenue Breakdown

Cree Median Salaries

Source: 76 public H-1B filings from Cree

Traffic Overview of Cree

Cree Online and Social Media Presence

Cree News and Updates

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Smart Street Lighting To Reach 73 Million Installed Units By 2026

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Cree Company Life and Culture

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