Financial Press Releases

Date Title and Summary Additional Formats
Toggle Summary ZF and Cree Advance the Electric Drive
A strategic partnership has been created to advance the Electric Powertrain with Silicon Carbide-Based Inverter New Silicon Carbide-Based Inverter solutions help increase drive efficiency and extend the range of electric cars SCHWEINFURT, Germany & DURHAM, N.C. --(BUSINESS WIRE)--Nov.
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Toggle Summary Cree Reports Financial Results for the First Quarter of Fiscal Year 2020
DURHAM, N.C. --(BUSINESS WIRE)--Oct. 30, 2019-- Cree, Inc. (Nasdaq: CREE) today announced revenue of $242.8 million for its first quarter of fiscal 2020, ended September 29, 2019 . This represents an 11% decrease compared to revenue of $274.2 million reported for the first quarter of fiscal 2019,
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Toggle Summary Cree, Inc. to Host Investor Day in New York City on Wednesday, November 20, 2019
DURHAM, N.C. --(BUSINESS WIRE)--Oct. 15, 2019-- Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide (SiC) semiconductor technology, today announced it will host an Investor Day on Wednesday, Nov. 20, 2019 at the Grand Hyatt Hotel in New York City .
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Toggle Summary Cree Announces Update to Capacity Expansion Plan - Company to Build World’s Largest Silicon Carbide Device Manufacturing Facility in New York
  State-of-the-art wafer fab in New York and mega materials factory in North Carolina will establish silicon carbide corridor on the East Coast         Partnership creates larger, highly-automated wafer fab at lower net cost than previously planned   Proposed 200mm power and RF wafer fabrication
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Toggle Summary Delphi Technologies to Partner with Cree for Automotive Silicon Carbide Devices
Innovative MOSFETS increase driving distances, shorten charging times and deliver overall improved efficiency for next generation electric vehicles DURHAM, N.C. --(BUSINESS WIRE)--Sep. 9, 2019-- Delphi Technologies PLC (NYSE: DLPH), a global provider of automotive propulsion technologies, and Cree,
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Toggle Summary Cree Reports Financial Results for the Fourth Quarter and Fiscal Year 2019
DURHAM, N.C. --(BUSINESS WIRE)--Aug. 20, 2019-- Cree, Inc. (Nasdaq: CREE) today announced revenue of $251.2 million for its fourth quarter of fiscal 2019, ended June 30, 2019 . This represents a 5% decrease compared to revenue of $265.8 million reported for the fourth quarter of fiscal 2018, and an
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Toggle Summary Cree Updates Q4 FY 2019 Financial Guidance
DURHAM, N.C.  – Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide (SiC) semiconductors, announced an update to its financial guidance for the fourth quarter of fiscal 2019. This update to the financial guidance, which was previously provided in the company’s third quarter results
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Toggle Summary Cree Reports Financial Results for the Third Quarter of Fiscal Year 2019
DURHAM, N.C. --(BUSINESS WIRE)--May 1, 2019-- Cree, Inc. (Nasdaq: CREE) today announced financial results for its third quarter of fiscal 2019, ended March 31, 2019 . Revenue from continuing operations for the third quarter of fiscal 2019 was $274 million , which represents a 22% increase compared
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Toggle Summary Cree to Sell Lighting Business to IDEAL INDUSTRIES, INC.
Transaction Sharpens Cree’s Strategic Focus as Powerhouse Semiconductor Company DURHAM, N.C. --(BUSINESS WIRE)--Mar. 15, 2019-- Cree, Inc. (Nasdaq: CREE) announces the execution of a definitive agreement to sell its Lighting Products business unit (“Cree Lighting”), which includes the LED lighting
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Toggle Summary Cree Reports Financial Results for the Second Quarter of Fiscal Year 2019
DURHAM, N.C. --(BUSINESS WIRE)--Jan. 30, 2019-- Cree, Inc. (Nasdaq: CREE) today announced financial results for its second quarter of fiscal 2019, ended December 30, 2018 . Revenue for the second quarter of fiscal 2019 was $413 million , which represents a 12% increase compared to revenue of $368
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Toggle Summary Cree Reports Financial Results for the First Quarter of Fiscal Year 2019
DURHAM, N.C. --(BUSINESS WIRE)--Oct. 16, 2018-- Cree, Inc. (Nasdaq: CREE) today announced financial results for its first quarter of fiscal 2019, ended September 23, 2018 . Revenue for the first quarter of fiscal 2019 was $408 million , which represents a 13% increase compared to revenue of $360
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Toggle Summary Cree Reports Financial Results for the Fourth Quarter and Fiscal Year 2018
DURHAM, N.C. --(BUSINESS WIRE)--Aug. 14, 2018-- Cree, Inc. (Nasdaq: CREE) today announced revenue of $409 million for its fourth quarter of fiscal 2018, ended June 24, 2018. This represents a 14% increase compared to revenue of $359 million reported for the fourth quarter of fiscal 2017, and a 15%
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Toggle Summary Cree Reports Financial Results for the Third Quarter of Fiscal Year 2018
DURHAM, N.C. --(BUSINESS WIRE)--Apr. 24, 2018-- Cree, Inc. (Nasdaq: CREE) today announced financial results for its third quarter of fiscal 2018, ended March 25, 2018. Revenue for the third quarter of fiscal 2018 was $356 million , which represents a 4% increase compared to revenue of $342 million
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Toggle Summary Cree Acquires Infineon RF Power Business
DURHAM, N.C. & MUNICH & MORGAN HILL, Calif. --(BUSINESS WIRE)--Mar. 6, 2018-- Cree, Inc. (NASDAQ: CREE) has acquired assets of Infineon Technologies AG (FSE: IFX)(OTCQX: IFNNY) Radio Frequency (RF) Power Business for approximately € 345 million. The transaction expands the Cree Wolfspeed business
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Toggle Summary Cree, Inc. to Host Investor Day Presentation on Monday, February 26, 2018
DURHAM, N.C. --(BUSINESS WIRE)--Feb. 13, 2018-- Cree, Inc. (Nasdaq: CREE) will host an Investor Day on Monday, Feb. 26, 2018 at 9:00 a.m. ET in New York City . The event will feature presentations on the Company’s strategy and long-term financial outlook.
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