Cree announced the 2018 fiscal year Q2 performance, LED product revenue up by 11%

CREE, Inc. (NASDAQ: CREE) announced that the second quarter of fiscal 2018 (ended 2017 years of natural December 24th) operating income was $368 million, including LED products (including LED chip, LED devices), Wolfspeed (including the power devices and RF etc.), lighting products etc. three business income. Compared with the first quarter of fiscal year 2018, fiscal 2018 second quarter revenue growth of 2%.

According to U.S. GAAP (GAAP) calculation, the 2018 fiscal second quarter net income of $14 million (or $0.14 per diluted share). Compared with the second quarter of fiscal year 2017, net income of $6 million (or $0.06 per diluted share).

2018 of the second quarter of fiscal revenue LED products reached $152682000, the 2017 and the second quarter of fiscal year LED product revenue of $138038000 compared to 11% growth.

Wolfspeed in the second quarter of fiscal year 2018 revenues of $70572000, the 2017 and the second quarter of fiscal year Wolfspeed revenue of $54364000 compared to 30% growth.

The second quarter of fiscal year 2018 financial results in line with the Cree target Inc.

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