Cree Gross Profit by Segment (2016 – 2022)

Download

About

This statistic explores Cree’s Gross Profit by Segment between 2016 and 2022.
Subscribe to Pro or Enterprise plans to unlock this feature.
More information
Subscribe to Pro or Enterprise plans to unlock this feature.
Contact the Analyst
Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on reddit
Share on facebook
Share on twitter
Share on linkedin
Share on email

Become a smarter investor today.

Access Business Quant for as low as $39/month

This article highlights Cree Gross Profit by Segment

Introduction

Cree Inc. is an American manufacturer and marketer of lighting- class LED’s, lighting products and products for power and radio frequency applications.  The company’s products are used for indoor and outdoor lighting, video displays, inverters and wireless systems.

Cree’s business can be divided into three segments – LED Products, Lighting Products and Wolfspeed.

Cree Gross Profit by Segment

Cree Gross Profit by Segment- LED Products

The gross profit in the LED segment was $42.83 million in the third quarter of 2016 and $46.17 million in the last quarter of 2016. Gross profit dropped in 2017 to $41.77 million in the first quarter, $40.31 million in the second quarter, $32.39 million in the third quarter and $37.21 million by the end of the fourth quarter.  The gross profit numbers improved in 2018 and went up to $38.81 million in the first quarter, $38.61 million in the second quarter, $37.76 million in the third quarter and $42.73 million by the end of the year. LED gross profit saw huge drops towards the end of 2019.  The gross profit in 2019 was $41.28 million in the first quarter, $43.52 million in the second quarter, $36.98 million in the third quarter and $28.30 million in the fourth quarter. Gross profit for 2020 was $22.10 million in the first quarter and $26.50 million in the second quarter.

Cree Gross Profit by Segment- Lighting Products

Gross profit in the lighting products segment was $48.81 million in the third quarter of 2016 and $51.17 million in the fourth quarter. The gross profits went up to $49.29 million in the first quarter of 2017. And $74.77 million in the second quarter. Q3 and Q4 dropped to $35.35 million and $36.80 million respectively. Lighting gross profit dropped further in 2018 to $31.88 million in the first quarter. And, $22.96 million in the second quarter. With $24.96 million and $29.12 million in Q3 and Q4 respectively. The gross profit then increased in 2019 to $31.06 million in the first quarter. And $34.07 million by the end of the second quarter.

Cree Gross Profit by Segment- Wolfspeed

Gross profit from Wolfspeed was $22.75 million in the third quarter of 2016 and $23.63 million in the fourth quarter. The gross profit from this segment increased in 2017 to $ 23.46 million in the first quarter. And, $25.91 million in the second quarter. With $26.40 million in the third quarter and $27.70 million by Q4.  Wolspeed gross profit increased further in 2018 to $32.40 million in the first quarter. And, $34.13 million in the second quarter. With $39.28 million in the Q3. It jumped to $52.64 million Q4 of 2018.  Gross profit increased to $60.42 million in the first quarter of 2019. And, $64.84 million in the second quarter with $68.85 million in Q3. And, $67.40 million by the end of the year. Gross profit dropped in 2020 to $59 million in the first quarter and $41 million by the end of the second quarter.

Conclusion

Gross Profit for Cree has been dropping every year, except from the Wolfspeed segment. The gross profit from the wolfspeed segment recently declined which might be the cause of the pandemic.

Did you find this article on Cree Gross Profit by Segment useful?

For more granular data on multi-nationals, register her for FREE

Read more

Our Plans

Always know what you’ll pay. No hidden costs or surprises.

  • Annual
  • Monthly

Basic

Get to know us

  • Access to basic datasets
  • No credit card required
$0
per month*
Get Started

33% discount until October 31

Best Value

Pro

For serious investing

  • Access to all datasets Get immediate access to all the dashboards and dossiers.
  • Export underlying data Download the underlying data in CSV or XLSX formats.
  • Connect with Analysts Direct connect with the analyst team. Ask questions or suggest future coverage road map.
$59
$39
per month*
Buy Now

Enterprise

For tailored workflows

  • Everything in Pro Account Get unfettered access to all our dashboards and dossiers.
  • Custom Built Dashboards Get tailored dashboards built specially for you, to simplify your research workflow.
  • Bespoke Research We'll expand our granular coverage to companies and sectors of your choice.
$99
per month+*
Contact Us

* Billed annually, local taxes extra. 

Basic

Get to know us

  • Access to basic datasets
  • No credit card required
$0
per month
Get Started

33% discount until October 31

Best Value

Pro

For serious investing

  • Access to all datasets Get immediate access to all the dashboards and dossiers.
  • Export underlying data Download the underlying data in CSV or XLSX formats.
  • Connect with Analysts Direct connect with the analyst team. Ask questions or suggest future coverage road map.
$89
$59
per month*
Buy Now

Enterprise

For tailored workflows

  • Everything in Pro Account Get unfettered access to all our dashboards and dossiers.
  • Custom Built Dashboards Get tailored dashboards built specially for you, to simplify your research workflow.
  • Bespoke Research We'll expand our granular coverage to companies and sectors of your choice.
$149
per month+*
Contact Us

* Local taxes extra. 

BQ Star Yellow 3

Get Pro for 33% off

  • Access all features immediately
  • Datasets updated every day
  • Export data in CSV and XLSX formats

Offer Ends In

Starting from $59 $39 / month

Help us improve