We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cree Inc.

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: slacker711 who wrote (10414)8/21/2021 11:15:55 AM
From: EvanG  Read Replies (1) of 10608
Reynolds straight out says that the $1.5 billion revenue guide is now low.

2021 has turned out to be a massive growth year for SiC. Yole majorly revised up their 2021 estimates but they didn't revise later years. 2024 has yet to be revised up, it doesn't make sense that it just fizzles out.

Infineon SiC revenue will be up 100% in its FY21. STMicroelectronics SiC revenue will be up at least 80% in its FY21. If you back out II-VI SiC revenue from their transcripts, SiC revenue was up at least 50% in their just reported FY21. Growth in just those 3 companies combined for over 70% of Cree yearly revenue, pretty significant.

Yole estimate from Q2 2021:

Yole estimate from Q1 2020:
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext