Financial Press Releases

Date Title and Summary Additional Formats
Toggle Summary Cree Reports Financial Results for the Third Quarter of Fiscal Year 2020
Toggle Summary Cree, Inc. Announces Date for Third Quarter Fiscal 2020 Earnings Release and Webcast
DURHAM, N.C. --(BUSINESS WIRE)--Apr. 22, 2020-- Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, will conduct a conference call with analysts to discuss its third quarter fiscal 2020 results and business outlook on April 29, 2020 , at 5:00 p.m. Eastern Daylight Time .
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Toggle Summary Cree Announces Pricing of $500 Million Convertible Senior Notes Offering
DURHAM, N.C. --(BUSINESS WIRE)--Apr. 17, 2020-- Cree, Inc. (NASDAQ: CREE) (“Cree”) today announced the pricing on April 16, 2020 , of $500 million aggregate principal amount of its 1.75% Convertible Senior Notes due 2026 (the “Notes”) in a private offering (the “Offering”) to qualified
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Toggle Summary Cree Announces Offering of $500 Million of Convertible Senior Notes
DURHAM, N.C. --(BUSINESS WIRE)--Apr. 16, 2020-- Cree, Inc. (NASDAQ: CREE) (“Cree”) today announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of its Convertible Senior Notes due 2026 (the “Notes”) in a private offering (the
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Toggle Summary Cree Announces Preliminary Third Quarter Fiscal 2020 Results and Provides Business Update
DURHAM, N.C. --(BUSINESS WIRE)--Apr. 2, 2020-- Cree, Inc. (Nasdaq: CREE) today announced preliminary results for its third quarter of fiscal 2020 ended March 29, 2020 and provided a business update in light of the COVID-19 pandemic, which has had a greater impact than originally anticipated when
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Toggle Summary Cree Reports Financial Results for the Second Quarter of Fiscal Year 2020
DURHAM, N.C. --(BUSINESS WIRE)--Jan. 29, 2020-- Cree, Inc. (Nasdaq: CREE) today announced revenue of $239.9 million for its second quarter of fiscal 2020, ended December 29, 2019 . This represents a 14% decrease compared to revenue of $280.5 million reported for the second quarter of fiscal 2019,
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Toggle Summary Cree and STMicroelectronics Expand and Extend Existing Silicon Carbide Wafer Supply Agreement
DURHAM, N.C. & GENEVA--(BUSINESS WIRE)--Nov. 19, 2019-- Cree, Inc. (Nasdaq: CREE) and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the expansion and extension of an existing multi-year, long-term
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Toggle Summary Cree and ABB Announce Silicon Carbide Partnership to Deliver Automotive and Industrial Solutions
Enables Cree to broaden its customer base, delivering silicon carbide to high-power applications in power grids, train, traction and e-mobility sectors Accelerates market entry of ABB’s Power Grids business into the high-growth electric vehicles (EV) sector DURHAM, N.C. --(BUSINESS WIRE)--Nov.
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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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