Wolfspeed, Inc.

Ladies and gentlemen, thank you for standing by, and welcome to the Cree third quarter fiscal year 2020 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. To ask a question during the session, you'll need to press star 1 on your telephone. Please be advised that today's conference may be recorded. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, Tyler Gronbach, Vice President of Investor Relations. Please go ahead.

Thank you, and good afternoon, everyone. Welcome to Cree's third quarter fiscal 2021 conference call. Today, Cree's CEO, Greg Lowe, and Cree's CFO, Neil Reynolds, will report on the results for the third quarter of fiscal year 2021. Please note that we will be presenting non-GAAP financial results during today's call, which is consistent with how management measures Cree's results internally. Non-GAAP results are not in accordance with GAAP and may not be comparable to non-GAAP information provided by other companies. Non-GAAP information should be considered a supplement to and not a substitute for financial statements prepared in accordance with GAAP. A reconciliation to the most directly comparable GAAP measures is in our press release and posted in the investor relations section of our website along with a historical summary of other key metrics. Today's discussion includes forward-looking statements about our business outlook, and we may make other forward-looking statements during the call. Such forward-looking statements are subject to numerous risks and uncertainties. Our press release today and the SEC filings noted in the release mention important factors that could cause actual results to differ materially, including risks related to the impact of the COVID-19 pandemic. During the Q&A session, we would ask that you limit yourself to one question and one follow-up so that we can accommodate as many questions as possible during today's call. If you have any additional questions, please feel free to connect with us after the call. And now I'd like to turn the call over to Greg.

Thank you, Tyler, and good afternoon, everyone. Thank you for joining us today, and I hope you and your families are staying healthy and safe. I am pleased to report that during the third quarter, we continued to execute and drive our business, delivering strong revenue ahead of our guidance range and non-gap diluted earnings per share at the high end of our guidance range. Additionally, during the quarter, we completed the divestiture of the LED business, accomplishing a critical milestone in our journey to become a pure play semiconductor powerhouse. Now, innovation has defined our company since it was founded 30 years ago, and we are once again leading a significant shift in technology. Our Wolfspeed solutions are driving change across the semiconductor market, enabling greater efficiency and performance, smaller systems, and lower costs. As the world moves to efficiently power its vehicles, cities, and communications infrastructure, and the adoption of silicon carbide continues to build across a broad range of applications, we are well positioned to lead this industry transition and capitalize on tremendous long-term growth opportunities. Already, we are seeing a strong adoption in automotive and industrials, which have recognized the impressive value proposition that silicon carbide has to offer. Across other industries, we are seeing demand build as we transition from silicon-based to silicon carbide-based high-power electronics. This is reinforcing our conviction in our long-term prospects and the investments we are making now to ensure we capitalize on this transition. I'll now turn it over to Neil, who will provide an overview of our financial results and an outlook for the fourth quarter of fiscal 2021. Neil?