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Technology Stocks : Cree Inc.

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To: slacker711 who wrote (10433)8/31/2021 7:13:01 AM
From: slacker711  Read Replies (1) of 10476
 
Cree Q3 2021 Earnings call

Revs were $137m

RF “improving trends”

Strong demand across devices, up “more than” 50% YoY revs

Modest uptick in materials

Guidance of $142 to $148m supported by momentum in devices and modest improvements in materials

$580m in design ins


Q&A

Pilot line yields very very positive.

Significant increase in activity around “directed buys”.

Engagement in base stations in China is extremely limited. Huawei cant use and others (ZTE) are biased against.

Incrementally better outside of China

4 new RF products sampling. New products generally accretive to margins.

A question about the slow pace of rev growth with materials. Says that most material revs are under LTA’s. Going as planned. Says 60% of merchant material market and expect to keep that going forward.

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