Cree LED sales up substantially

SGH this week reported that its LED Solutions unit — the financial reporting name for the company’s Cree LED operations — had sales of $111.9M for the three months ended Nov. 26.

In a call with analysts, SGH CEO Mark Adams described the $112M as up substantially from the same quarter a year earlier when Cree LED was still part of the broader Cree organization.

Revenue growth was driven by customer wins with the company's high-brightness products into the video, architectural, and landscape specialty lighting markets, Adams told analysts.

The company uses the Cree LED brand name in the market - but not in its accounting books.