CRDO - Earnings announcements

Acquisition will bring industry-leading Silicon Photonics PIC technology in-house, expanding Credo's addressable market and deepening its optical interconnect portfolio across 800G, 1.6T, and 3.2T NPO and CPO Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency for the next generation of AI-driven applications, cloud computing, and hyperscale networks, today announced it has entered into a definitive agreement to acquire DustPhotonics, a leading developer of Silicon Photonics Photonic Integrated Circuit (SiPho PIC) technology for optical transceivers. The acquis

Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today reported financial results for the third quarter of fiscal year 2026, ended January 31, 2026. Third Quarter of Fiscal Year 2026 Financial Highlights Revenue of $407.0 million, grew by 51.9% quarter over quarter and 201.5% year over year GAAP gross margin of 68.5% and non-GAAP gross margin of 68.6% GAAP operating expenses of $129.2 million and non-GAAP operating expenses of $77.4 million GAAP net income of $157.1 million and non-GAAP net income of $208.8 million GAAP diluted net income per share of $0.8

Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today provided preliminary revenue results for the third quarter and updated revenue guidance for the fourth quarter of fiscal year 2026. Credo expects to report third quarter fiscal year 2026 revenue in the range of $404 million to $408 million, above the high-end of Credo's previously announced third quarter guidance range of $335 million and $345 million. Looking towards the end of fiscal year 2026 and into fiscal 2027, Credo expects sequential revenue growth in the mid-single digits leading to more than 200% year-ove

Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing reliable, energy-efficient, system-level connectivity solutions for the next generation of AI-driven applications, cloud computing and hyperscale networks, today reported financial results for the second quarter of fiscal year 2026, ended November 1, 2025. Second Quarter of Fiscal Year 2026 Financial Highlights Revenue of $268.0 million, grew by 20.2% quarter over quarter and 272.1% year over year GAAP gross margin of 67.5% and non-GAAP gross margin of 67.7% GAAP operating expenses of $102.3 million and non-GAAP operating expenses of $57.3 million GAAP net income of $82.6 million and non-GAAP net in

Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO) an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, today announced it will hold a conference call on Monday, December 1, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal second quarter ended November 1, 2025. The news release announcing the second quarter fiscal year 2026 financial results will be disseminated on December 1, 2025 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Monday, December 1, 2025 by dialing 800-715-9871 (toll-free) or +1 646-307-1963 (internat

Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency for the next generation of AI-driven applications, cloud computing and hyperscale networks, today reported financial results for the first quarter of fiscal year 2026, ended August 2, 2025. First Quarter of Fiscal Year 2026 Financial Highlights Revenue of $223.1 million, grew by 274% year over year and 31% quarter over quarter GAAP gross margin of 67.4% and non-GAAP gross margin of 67.6% GAAP operating expenses of $89.6 million and non-GAAP operating expenses of $54.5 million GAAP net income of $63

Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO) an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency for the next generation of AI driven applications, cloud computing, and hyperscale networks, today announced it will hold a conference call on Wednesday, September 3, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal first quarter ended August 2, 2025. The news release announcing the first quarter fiscal year 2026 financial results will be disseminated on September 3, 2025 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time

Credo Technology Group Holding Ltd (NASDAQ:CRDO) ("Credo"), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the fourth quarter and full fiscal year 2025, ended May 3, 2025. Fourth Quarter of Fiscal Year 2025 Financial Highlights Revenue of $170.0 million grew by 25.9% quarter over quarter and 179.7% year over year GAAP gross margin of 67.2% and non-GAAP gross margin of 67.4% GAAP operating expenses of $80.4 million and non-GAAP operating expenses of $52.0 million

Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, today announced it will hold a conference call on Monday, June 2, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the fourth quarter and fiscal year ended May 3, 2025. The news release announcing the fourth quarter and fiscal year 2025 financial results will be disseminated on June 2, 2025 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Monday, June 2, 2025 by dialing 888-596-4144 (toll-free) or +1 646-968-2525 (international

Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the third quarter of fiscal year 2025, ended February 1, 2025. Third Quarter of Fiscal Year 2025 Financial Highlights Revenue of $135.0 million, grew by 87.4% quarter over quarter and 154.4% year over year GAAP gross margin of 63.6% and non-GAAP gross margin of 63.8% GAAP operating expenses of $59.7 million and non-GAAP operating expenses of $43.8 million GAAP net income of $29.4 million

Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, today announced it will hold a conference call on Tuesday, March 4, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal third quarter ended February 1, 2025. The news release announcing the third quarter fiscal year 2025 financial results will be disseminated on March 4, 2025 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Tuesday, March 4, 2025 by dialing 888-596-4144 (toll-free) or +1 646-968-2525 (international).

SAN JOSE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the second quarter of fiscal year 2025, ended November 2, 2024. Second Quarter of Fiscal Year 2025 Financial Highlights Revenue of $72.0 million, grew by 20.6% quarter over quarter and 63.6% year over yearGAAP gross margin of 63.2% and non-GAAP gross margin of 63.6%  GAAP operating expenses of $53.9 million and non-GAAP operating expenses of $

SAN JOSE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today announced it will hold a conference call on Monday, December 2, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal second quarter ended November 2, 2024. The news release announcing the second quarter fiscal year 2025 financial results will be disseminated on December 2, 2024 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Monday, December 2, 2024 by registering online at htt

SAN JOSE, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the first quarter of fiscal year 2025, ended August 3, 2024. First Quarter of Fiscal Year 2025 Financial Highlights Revenue of $59.7 million, grew by 70% year over yearGAAP gross margin of 62.4% and non-GAAP gross margin of 62.9%GAAP operating expenses of $51.7 million and non-GAAP operating expenses of $35.4 millionGAAP net loss of $(9.5) mi

SAN JOSE, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today announced an update to its first quarter fiscal year 2025 financial results release date and conference call. Credo will now hold a conference call on Wednesday, September 4, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal first quarter ended August 3, 2024. The news release announcing the first quarter fiscal year 2025 financial results will be disseminated on September 4, 2024 after the market closes. Interested parties may join the

SAN JOSE, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today announced it will hold a conference call on Wednesday, August 28, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal first quarter ended August 3, 2024. The news release announcing the first quarter fiscal year 2025 financial results will be disseminated on August 28, 2024 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Wednesday, August 28, 2024 by registering online at http

SAN JOSE, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO) ("Credo"), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today reported financial results for the fourth quarter and full fiscal year 2024, ended April 27, 2024. Fourth Quarter of Fiscal Year 2024 Financial Highlights Revenue of $60.8 million grew by 89.4% year over yearGAAP gross margin of 65.8% and non-GAAP gross margin of 66.1%  GAAP operating expenses of $47.8 million and non-GAAP operating expenses of $32.7 millionGAAP net loss of $10.5 million and non-GAAP net income of $11.8 mi

SAN JOSE, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today announced it will hold a conference call on Wednesday, May 29, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fourth quarter and fiscal year ended April 27, 2024. The news release announcing the fourth quarter and fiscal year 2024 financial results will be disseminated on May 29, 2024 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Wednesday, May 29, 2024 by registering onlin

SAN JOSE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the third quarter of fiscal year 2024, ended January 27, 2024. Third Quarter of Fiscal Year 2024 Financial Highlights Revenue of $53.1 million, grew by 20% quarter over quarterGAAP gross margin of 61.4% and non-GAAP gross margin of 62.2%  GAAP operating expenses of $38.5 million and non-GAAP operating expenses of $30.6 millionGAAP n

SAN JOSE, Calif., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd ("Credo") (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power efficiency, today announced it will hold a conference call on Tuesday, February 27, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal third quarter ended January 27, 2024. The news release announcing the third quarter fiscal year 2024 financial results will be disseminated on February 27, 2024 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Tuesday, February 27, 2024 by registering online at

SAN JOSE, Calif., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the second quarter of fiscal year 2024, ended October 28, 2023. Second Quarter of Fiscal Year 2024 Financial Highlights Revenue of $44.0 million, grew by 25% quarter over quarterGAAP gross margin of 59.3% and non-GAAP gross margin of 59.9%  GAAP operating expenses of $35.0 million and non-GAAP operating expenses of $27.1

SAN JOSE, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd ("Credo") (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and energy-efficiency, today announced it will hold a conference call on Wednesday, November 29, 2023, at 1:30 p.m. Pacific Time to discuss its financial results for the fiscal second quarter ended October 28, 2023. The news release announcing the second quarter fiscal year 2024 financial results will be disseminated on November 29, 2023 after the market closes. Interested parties may join the conference call beginning at 1:30 p.m. Pacific Time on Wednesday, November 29, 2023

SAN JOSE, Calif., Aug. 24, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the first quarter of fiscal year 2024, ended July 29, 2023. First Quarter of Fiscal Year 2024 Financial Highlights Revenue of $35.1 million, grew by 9% quarter over quarterGAAP gross margin of 59.2% and non-GAAP gross margin of 59.8%GAAP operating expenses of $35.2 million and non-GAAP operating expenses of $27.4 millionGAAP net los

SAN JOSE, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd ("Credo") (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced it will hold a conference call on Thursday, August 24, 2023, at 1:15 p.m. Pacific Time to discuss its financial results for the fiscal first quarter ended July 29, 2023. The news release announcing the first quarter fiscal year 2024 financial results will be disseminated on August 24, 2023 after the market closes. Interested parties may join t

SAN JOSE, Calif., May 31, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the fourth quarter and full fiscal year 2023, ended April 29, 2023. Fourth Quarter of Fiscal Year 2023 Financial Highlights Revenue of $32.1 million, decreased by 14.5% year over yearGAAP gross margin of 57.9% and non-GAAP gross margin of 58.2%  GAAP operating expenses of $35.0 million and non-GAAP operating expenses of $27.2 million

SAN JOSE, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd ("Credo") (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced it will hold a conference call on Wednesday, May 31, 2023, at 2:00 p.m. Pacific Time to discuss its financial results for the fourth quarter and fiscal year ended April 29, 2023. The news release announcing the fourth quarter and fiscal year 2023 financial results will be disseminated on May 31, 2023 after the market closes. Interested parties

SAN JOSE, Calif., March 01, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the third quarter of fiscal year 2023, ended January 28, 2023. Third Quarter of Fiscal Year 2023 Financial Highlights Revenue of $54.3 million, grew by 6% quarter over quarterGAAP gross margin of 58.9% and non-GAAP gross margin of 59.3%  GAAP operating expenses of $34.9 million and non-GAAP operating expenses of $25.7 millionGAAP n

SAN JOSE, Calif., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced it will hold a conference call on Wednesday, March 1, 2023, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal third quarter ended January 28, 2023. The news release announcing the third quarter fiscal year 2023 financial results will be disseminated on March 1, 2023 after the market closes. Interested parties may join the confere

SAN JOSE, Calif., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the second quarter of fiscal year 2023, ended October 29, 2022. Q2 FY23 Financial Highlights Revenue of $51.4 million, grew by 11% quarter over quarterGAAP gross margin of 54.4% and non-GAAP gross margin of 54.9%  GAAP operating expenses of $29.7 million and non-GAAP operating expenses of $25.0 millionGAAP net loss of $3.4 million a

SAN JOSE, Calif., Nov. 15, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced it will hold a conference call on Wednesday, November 30, 2022, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal second quarter ended October 29, 2022. The news release announcing the second quarter fiscal year 2023 financial results will be disseminated on November 30, 2022 after the market closes. Interested parties may join t

SAN JOSE, Calif., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the first quarter of fiscal year 2023, ended July 30, 2022. Q1 FY23 Financial Highlights Revenue of $46.5 million, grew by 24% quarter over quarterGAAP gross margin of 59.5% and non-GAAP gross margin of 60.5%  GAAP operating expenses of $27.9 million and non-GAAP operating expenses of $22.6 millionGAAP net loss of $0.1 million and n

SAN JOSE, Calif., Aug. 16, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO) today announced it will hold a conference call on Wednesday, August 31, 2022, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal first quarter ended July 30, 2022. The news release announcing the first quarter fiscal year 2023 financial results will be disseminated on August 31, 2022 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Wednesday, August 31, 2022 by registering online at https://register.vevent.com/register/BI26f003f07f1146c086b6d09fdb6c8967. After registering, a confirmation will be sent thr

SAN JOSE, Calif., May 12, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd ("Credo") (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced it will hold a conference call on Wednesday, June 1, 2022, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal fourth quarter and full year ended April 30, 2022. The news release announcing the fourth quarter and fiscal year 2022 financial results will be disseminated on June 1, 2022 after the market closes. Interested par

SAN JOSE, Calif., Feb. 14, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd ("Credo") (NASDAQ:CRDO) today announced it will hold a conference call on Wednesday, March 9, 2022, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal third quarter ended January 31, 2022. The news release announcing the third quarter fiscal year 2022 financial results will be disseminated on March 9, 2022 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Wednesday, March 9, 2022 via telephone by dialing 1-855-553-1968 in the U.S., or for international callers, by dialing 1-409-981-0977 and entering conference ID 66774