<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ACCOMPANYING FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000895419 <NAME> Cree, Inc. <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-25-2000 <PERIOD-START> JUN-28-1999 <PERIOD-END> SEP-26-1999 <EXCHANGE-RATE> 1 <CASH> 41,643 <SECURITIES> 3,727 <RECEIVABLES> 17,466 <ALLOWANCES> 175 <INVENTORY> 4,060 <CURRENT-ASSETS> 68,019 <PP&E> 94,272 <DEPRECIATION> 15,488 <TOTAL-ASSETS> 151,620 <CURRENT-LIABILITIES> 12,208 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 113,518 <OTHER-SE> 20,785 <TOTAL-LIABILITY-AND-EQUITY> 151,620 <SALES> 20,861 <TOTAL-REVENUES> 20,861 <CGS> 11,384 <TOTAL-COSTS> 14,371 <OTHER-EXPENSES> 101 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (553) <INCOME-PRETAX> 6,942 <INCOME-TAX> 2,388 <INCOME-CONTINUING> 4,554 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,554 <EPS-BASIC> 0.15 <EPS-DILUTED> 0.14