Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 26, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-21154 __________________________________________ WOLFSPEED, INC. (Exact name of registrant as specified in i ...

Wolfspeed, Inc. (NYSE:WOLF) Q1 Fiscal 2022 Earnings Conference Call October 28, 2021 5:00 PM ET Company Participants Gregg Lowe – CEO Tyler Gronbach – Vice President of Investor Relations Neill Reynolds – CFO Conference Call Participants Blake Friedman – Bank of America Pierre Ferragu – New Street Gary Mobley – Wells Fargo Jed Dorsheimer – Canaccord Genuity Brian Lee – Goldman Sachs Edward Snyder – Charter Equity Craig Irwin – ROTH Capital Markets Samik Chatterjee – JP Morgan Unidentified Analyst – Cowen Am ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 27, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-21154 __________________________________________ CREE, INC. (Exact name of regis ...

Cree, Inc. (CREE) Q4 2021 Earnings Conference Call August 17, 2021 5:00 PM ET Company Participants Tyler Gronbach - VP, IR Gregg Lowe - CEO Neill Reynolds - CFO Conference Call Participants Jed Dorsheimer - Canaccord Genuity Edward Snyder - Charter Equity Joe Moore - Morgan Stanley Pierre Ferragu - New Street Research Craig Irwin - ROTH Capital Partners Brian Lee - Goldman Sachs Samik Chatterjee - JPMorgan Karl Ackerman - Cowen Gary Mobley - Wells Fargo Vivek Arya - Bank of America Securities Colin Rusch - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 4600 Silicon Drive For the transition period from to Durham North Carolina 27703 Commission file number 0-21154 __________________________________________ (Address of principal executive offices) (Zip Code) CREE, INC. Fo ...

Financial Data and Key Metrics Changes - Revenues for Q3 2021 were $137 million, exceeding the high end of guidance, representing an 8% sequential increase and a 21% year-over-year increase [10] - Non-GAAP net loss was $24.7 million or $0.22 per diluted share, with non-GAAP earnings excluding $41.8 million of various expenses [11] - Non-GAAP gross margin for Q3 was 35.0%, slightly down from 35.4% in the previous quarter due to higher factory costs [14] - Cash generated from operations was negative $27 million, with capital expenditures of $138 million, resulting in negative free cash flow of $165 million [15] Performance by Business Line - Power segment showed solid performance driven by momentum across various sectors, with a notable year-over-year revenue increase of over 50% [12] - RF segment experienced improving trends due to increased 5G activity, with a growing backlog as 5G rolls out globally [12] - Materials segment saw a modest uptick in order flow, consistent with expectations for the latter half of fiscal 2021 [13] Market Data and Key Metrics Changes - Strong adoption of silicon carbide in automotive and industrial sectors, with increasing demand as industries transition from silicon-based to silicon carbide-based high-power electronics [9] - The company is well-positioned to capitalize on long-term growth opportunities in the semiconductor market, particularly in electric vehicles and communications infrastructure [8] Company Strategy and Industry Competition - The company aims to become a pure-play semiconductor powerhouse following the divestiture of its LED business [7] - Investments are being made to expand capacity, particularly with the launch of the Mohawk Valley Fab at 200 millimeters, expected to support increased adoption across various sectors [17][37] - The competitive landscape is evolving, with increasing interest from OEMs in silicon carbide technology, particularly in the context of electric vehicles [66][94] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term prospects, citing strong demand in core markets and a robust device opportunity pipeline exceeding $10 billion [26] - The company anticipates continued momentum in Power and RF device product lines, with Q4 revenue expected to be between $142 million and $148 million [20] - Management acknowledged challenges related to factory transitions and productivity but remains optimistic about future margin improvements as capacity ramps up [90] Other Important Information - The company completed an equity offering with gross proceeds of approximately $500 million to bolster liquidity for growth initiatives [16] - Fiscal 2021 is expected to be a peak investment year with capital expenditures projected at approximately $550 million [17] Q&A Session Summary Question: Changes in discussions regarding silicon carbide vs. silicon IGBT - Management noted that discussions have shifted from cost comparisons to system-level benefits of silicon carbide, with OEMs increasingly favoring silicon carbide for their platforms [45][46] Question: Margin expectations and adjustments - Management indicated that margins are expected to decline in the short term due to product mix and capacity ramp-up challenges, but they anticipate a return to mid-30s margins in the second half of the year [52][90] Question: Impact of macro base stations on GaN RF device business - Management stated that their engagement in the base station area in China is limited, and they are seeing wins outside of China despite the shift to macro base stations [73][75] Question: Supply chain issues affecting customer purchasing - Management does not foresee direct impacts on purchasing due to supply chain issues, as their focus is on preproduction vehicles and future growth [77][80] Question: Details on new GaN on silicon carbide products - Management confirmed that they are sampling new products and expect them to be margin accretive, with significant interest in RF products [82][84] Question: Competitive landscape and market opportunities - Management acknowledged the growing interest in silicon carbide and the potential for new competitors, but emphasized their leadership position and ongoing investments to maintain competitiveness [94][98]

Exhibit 99.1 Cree Reports Financial Results for the Second Quarter of Fiscal Year 2021 DURHAM, N.C. January 27, 2021 -- Cree, Inc. (Nasdaq: CREE) today announced revenue from continuing operations of $127.0 million for its second quarter of fiscal 2021, ended December 27, 2020. This represents a 5% increase compared to revenue from continuing operations of $120.7 million reported for the second quarter of fiscal 2020, and a 10% increase compared to the first quarter of fiscal 2021. GAAP net loss from contin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 27, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-21154 __________________________________________ CREE, INC. (Exact name of registrant as specified in its cha ...

Cree, Inc. (CREE) Q2 2021 Earnings Conference Call January 27, 2021 5:00 PM ET Company Participants Tyler Gronbach - Head of IR Gregg Lowe - CEO Neill Reynolds - CFO Conference Call Participants Craig Irwin - ROTH Capital Partners Jed Dorsheimer - Canaccord Genuity Craig Hettenbach - Morgan Stanley Brian Lee - Goldman Sachs Edward Snyder - Charter Equity Research Paul Coster - JPMorgan Colin Rusch - Oppenheimer Joseph Osha - JMP Securities David O’Connor - Exane BNP Paribas Operator Ladies and gentlemen, th ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 27, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-21154 __________________________________________ CREE, INC. (Exact name of registrant as specified in its ch ...