• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2025 Financial Results

    6/2/25 4:05:00 PM ET
    $CRDO
    Semiconductors
    Technology
    Get the next $CRDO alert in real time by email

    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
    • GAAP net income of $36.6 million and non-GAAP net income of $65.3 million
    • GAAP diluted net income per share of $0.20 and non-GAAP diluted net income per share of $0.35
    • Ending cash and short-term investment balance of $431.3 million

    Management Commentary

    Bill Brennan, Credo's President and Chief Executive Officer, stated, "I'm proud of Credo's achievements in fiscal 2025. For the year, the Company delivered record-breaking financial results, with revenue up 126% year over year to $436.8 million. The Company's results were fueled by surging demand for our innovative, reliable, and energy-efficient high-performance connectivity solutions. We continue to see growing demand for our solutions across hyperscaler customers to power advanced AI services, a trend we believe will persist for the foreseeable future."

    First Quarter of Fiscal Year 2026 Financial Outlook

    • Revenue is expected to be between $185.0 million and $195.0 million
    • GAAP gross margin is expected to be between 63.4% and 65.4%, and non-GAAP gross margin is expected to be between 64.0% and 66.0%
    • GAAP operating expenses are expected to be between $88.3 million and $90.3 million, and non-GAAP operating expenses are expected to be between $54.0 million and $56.0 million

    Webcast and Conference Call Information

    Credo will conduct 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 2025, ended May 3, 2025. Interested parties may join the conference call by dialing 888-596-4144 (toll-free) or +1 646-968-2525 (international). The conference ID for the call is 5251802. It is recommended that participants register and dial in for the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo's Investor Relations website at http://investors.credosemi.com/. A replay of the webcast will be available via the web at http://investors.credosemi.com/.

    Discussion of Non-GAAP Financial Measures

    This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP.

    Non-GAAP financial measures exclude the effect of share-based compensation expenses, asset impairment and related charges (if applicable), and the related tax effect adjustment to the provision for income taxes.

    Credo uses a full-year non-GAAP tax rate to compute the non-GAAP tax provision. This full-year non-GAAP tax rate is based on Credo's annual GAAP income, adjusted to exclude non-GAAP items, as well as the effects of significant non-recurring and period-specific tax items which vary in size and frequency. Credo's non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate, such as tax law changes, significant changes in Credo's geographic mix of revenue and expenses or changes to Credo's corporate structure.

    GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a non-GAAP net loss, and calculated using non-GAAP diluted weighted average shares outstanding when there is a non-GAAP net income. Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of share-based compensation expenses expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method.

    Credo believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Credo's financial condition and results of operations. While Credo uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Credo does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Credo believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance.

    Externally, management believes that investors may find Credo's non-GAAP financial measures useful in their assessment of Credo's operating performance and the valuation of Credo. Internally, Credo's non-GAAP financial measures are used in the following areas:

    • Management's evaluation of Credo's operating performance;
    • Management's establishment of internal operating budgets; and
    • Management's performance comparisons with internal forecasts and targeted business models.

    Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Credo's business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Credo's results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent.

    Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995

    This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; financial outlook; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "seeks," "estimates," "can," "may," "will," "would," "outlook," "forecast," "targets" and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo's Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on June 24, 2024, as well as Credo's other filings with the SEC, for further information on risks and uncertainties that could affect Credo's business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo's website or Credo's investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein.

    About Credo

    At Credo, our mission is to redefine high-speed connectivity by delivering breakthrough solutions that enable the next generation of AI-driven applications. We are committed to enabling faster, more reliable, more energy-efficient, and scalable solutions that support the ever-expanding demands of AI, cloud computing, and hyperscale networks. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the 100G (or Gigabits per second), 200G, 400G, 800G and emerging 1.6T (or Terabits per second) port markets. Our products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include integrated circuits (ICs), Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing.

    For more information, please visit https://www.credosemi.com. Follow Credo on LinkedIn.

    Credo and the Credo logo are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners.

    Credo Technology Group Holding Ltd

    Condensed Consolidated Statements of Operations (Unaudited)

    (In thousands, except per share amounts)

     

     

    Three Months Ended

     

    Year Ended

     

    May 3,

    2025

     

    February 1,

    2025

     

    April 27,

    2024

     

    May 3,

    2025

     

    April 27,

    2024

    Revenue:

     

     

     

     

     

     

     

     

     

    Product sales

    $

    164,524

     

    $

    129,371

     

    $

    40,798

     

     

    $

    412,177

     

    $

    145,048

     

    Product engineering services

     

    1,337

     

     

    2,667

     

     

    3,341

     

     

     

    12,122

     

     

    19,898

     

    IP license

     

    4,164

     

     

    2,964

     

     

    16,643

     

     

     

    12,476

     

     

    28,024

     

    Total revenue

     

    170,025

     

     

    135,002

     

     

    60,782

     

     

     

    436,775

     

     

    192,970

     

    Cost of revenue:

     

     

     

     

     

     

     

     

     

    Cost of product sales revenue

     

    55,779

     

     

    48,835

     

     

    20,372

     

     

     

    152,381

     

     

    70,498

     

    Cost of product engineering services revenue

     

    58

     

     

    233

     

     

    290

     

     

     

    1,314

     

     

    2,225

     

    Cost of IP license revenue

     

    —

     

     

    8

     

     

    154

     

     

     

    171

     

     

    816

     

    Total cost of revenue

     

    55,837

     

     

    49,076

     

     

    20,816

     

     

     

    153,866

     

     

    73,539

     

    Gross profit

     

    114,188

     

     

    85,926

     

     

    39,966

     

     

     

    282,909

     

     

    119,431

     

    Operating expenses:

     

     

     

     

     

     

     

     

     

    Research and development

     

    47,582

     

     

    36,261

     

     

    26,921

     

     

     

    145,994

     

     

    95,531

     

    Selling, general and administrative

     

    31,945

     

     

    23,471

     

     

    20,161

     

     

     

    98,918

     

     

    60,193

     

    Impairment charges

     

    873

     

     

    —

     

     

    765

     

     

     

    873

     

     

    765

     

    Total operating expenses

     

    80,400

     

     

    59,732

     

     

    47,847

     

     

     

    245,785

     

     

    156,489

     

    Operating income (loss)

     

    33,788

     

     

    26,194

     

     

    (7,881

    )

     

     

    37,124

     

     

    (37,058

    )

    Other income, net

     

    3,821

     

     

    3,918

     

     

    5,163

     

     

     

    17,746

     

     

    14,313

     

    Income (loss) before income taxes

     

    37,609

     

     

    30,112

     

     

    (2,718

    )

     

     

    54,870

     

     

    (22,745

    )

    Provision for income taxes

     

    1,021

     

     

    752

     

     

    7,759

     

     

     

    2,687

     

     

    5,624

     

    Net income (loss)

    $

    36,588

     

    $

    29,360

     

    $

    (10,477

    )

     

    $

    52,183

     

    $

    (28,369

    )

    Net income (loss) per share:

     

     

     

     

     

     

     

     

     

    Basic

    $

    0.21

     

    $

    0.17

     

    $

    (0.06

    )

     

    $

    0.31

     

    $

    (0.18

    )

    Diluted

    $

    0.20

     

    $

    0.16

     

    $

    (0.06

    )

     

    $

    0.29

     

    $

    (0.18

    )

    Weighted average shares used in computing net income (loss) per share:

     

     

     

     

     

     

     

     

     

    Basic

     

    170,405

     

     

    168,167

     

     

    163,677

     

     

     

    167,505

     

     

    155,091

     

    Diluted

     

    182,119

     

     

    182,464

     

     

    163,677

     

     

     

    181,158

     

     

    155,091

     

     

    Credo Technology Group Holding Ltd

    Condensed Consolidated Balance Sheets (Unaudited)

    (In thousands)

     

     

     

    May 3, 2025

     

    April 27, 2024

    Assets

    Current assets:

     

     

     

     

    Cash and cash equivalents

     

    $

    236,328

     

     

    $

    66,942

     

    Short-term investments

     

     

    195,010

     

     

     

    343,061

     

    Accounts receivable

     

     

    162,144

     

     

     

    59,662

     

    Inventories

     

     

    90,029

     

     

     

    25,907

     

    Other current assets

     

     

    30,023

     

     

     

    34,693

     

    Total current assets

     

     

    713,534

     

     

     

    530,265

     

    Property and equipment, net

     

     

    63,631

     

     

     

    43,665

     

    Right-of-use assets

     

     

    15,234

     

     

     

    13,077

     

    Other non-current assets

     

     

    16,858

     

     

     

    14,925

     

    Total assets

     

    $

    809,257

     

     

    $

    601,932

     

    Liabilities and Shareholders' Equity

    Current liabilities:

     

     

     

     

    Accounts payable

     

    $

    56,158

     

     

    $

    13,417

     

    Accrued compensation and benefits

     

     

    16,097

     

     

     

    9,000

     

    Other current liabilities

     

     

    35,456

     

     

     

    22,203

     

    Total current liabilities

     

     

    107,711

     

     

     

    44,620

     

    Non-current operating lease liabilities

     

     

    12,693

     

     

     

    11,133

     

    Other non-current liabilities

     

     

    7,271

     

     

     

    5,981

     

    Total liabilities

     

     

    127,675

     

     

     

    61,734

     

    Shareholders' equity:

     

     

     

     

    Ordinary shares

     

     

    8

     

     

     

    8

     

    Additional paid-in capital

     

     

    765,173

     

     

     

    676,054

     

    Accumulated other comprehensive loss

     

     

    (437

    )

     

     

    (519

    )

    Accumulated deficit

     

     

    (83,162

    )

     

     

    (135,345

    )

    Total shareholders' equity

     

     

    681,582

     

     

     

    540,198

     

    Total liabilities and shareholders' equity

     

    $

    809,257

     

     

    $

    601,932

     

     

    Credo Technology Group Holding Ltd

    Reconciliations from GAAP to Non-GAAP Results (Unaudited)

    (In thousands, except percentages and per share amounts)

     

     

    Three Months Ended

     

    Year Ended

     

    May 3,

    2025

     

    February 1,

    2025

     

    April 27,

    2024

     

    May 3,

    2025

     

    April 27,

    2024

    GAAP gross profit

    $

    114,188

     

     

    $

    85,926

     

     

    $

    39,966

     

     

    $

    282,909

     

     

    $

    119,431

     

    Reconciling item:

     

     

     

     

     

     

     

     

     

    Share-based compensation

     

    356

     

     

     

    226

     

     

     

    234

     

     

     

    1,194

     

     

     

    1,131

     

    Total reconciling item

     

    356

     

     

     

    226

     

     

     

    234

     

     

     

    1,194

     

     

     

    1,131

     

    Non-GAAP gross profit (A)

    $

    114,544

     

     

    $

    86,152

     

     

    $

    40,200

     

     

    $

    284,103

     

     

    $

    120,562

     

     

     

     

     

     

     

     

     

     

     

    GAAP gross margin

     

    67.2

    %

     

     

    63.6

    %

     

     

    65.8

    %

     

     

    64.8

    %

     

     

    61.9

    %

    Non-GAAP gross margin

     

    67.4

    %

     

     

    63.8

    %

     

     

    66.1

    %

     

     

    65.0

    %

     

     

    62.5

    %

     

     

     

     

     

     

     

     

     

     

    Total GAAP operating expenses

    $

    80,400

     

     

    $

    59,732

     

     

    $

    47,847

     

     

    $

    245,785

     

     

    $

    156,489

     

    Reconciling items:

     

     

     

     

     

     

     

     

     

    Share-based compensation

     

    (27,506

    )

     

     

    (15,964

    )

     

     

    (14,344

    )

     

     

    (76,161

    )

     

     

    (37,891

    )

    Impairment and related charges

     

    (873

    )

     

     

    —

     

     

     

    (765

    )

     

     

    (873

    )

     

     

    (765

    )

    Total reconciling items

     

    (28,379

    )

     

     

    (15,964

    )

     

     

    (15,109

    )

     

     

    (77,034

    )

     

     

    (38,656

    )

    Total Non-GAAP operating expenses (B)

    $

    52,021

     

     

    $

    43,768

     

     

    $

    32,738

     

     

    $

    168,751

     

     

    $

    117,833

     

     

     

     

     

     

     

     

     

     

     

    GAAP operating income (loss)

    $

    33,788

     

     

    $

    26,194

     

     

    $

    (7,881

    )

     

    $

    37,124

     

     

    $

    (37,058

    )

    Non-GAAP operating income (A-B)

    $

    62,523

     

     

    $

    42,384

     

     

    $

    7,462

     

     

    $

    115,352

     

     

    $

    2,729

     

     

     

     

     

     

     

     

     

     

     

    GAAP operating income (loss) margin

     

    19.9

    %

     

     

    19.4

    %

     

     

    (13.0

    )%

     

     

    8.5

    %

     

     

    (19.2

    )%

    Non-GAAP operating income margin

     

    36.8

    %

     

     

    31.4

    %

     

     

    12.3

    %

     

     

    26.4

    %

     

     

    1.4

    %

     

     

     

     

     

     

     

     

     

     

    GAAP net income (loss)

    $

    36,588

     

     

    $

    29,360

     

     

    $

    (10,477

    )

     

    $

    52,183

     

     

    $

    (28,369

    )

    Reconciling items:

     

     

     

     

     

     

     

     

     

    Share-based compensation

     

    27,862

     

     

     

    16,190

     

     

     

    14,578

     

     

     

    77,355

     

     

     

    39,022

     

    Impairment and related charges

     

    873

     

     

     

    —

     

     

     

    765

     

     

     

    873

     

     

     

    765

     

    Pre-tax total reconciling items

     

    28,735

     

     

     

    16,190

     

     

     

    15,343

     

     

     

    78,228

     

     

     

    39,787

     

    Other income tax effects and adjustments

     

    (69

    )

     

     

    (172

    )

     

     

    6,940

     

     

     

    (485

    )

     

     

    3,152

     

    Non-GAAP net income

    $

    65,254

     

     

    $

    45,378

     

     

    $

    11,806

     

     

    $

    129,926

     

     

    $

    14,570

     

     

     

     

     

     

     

     

     

     

     

    GAAP weighted average shares - basic

     

    170,405

     

     

     

    168,167

     

     

     

    163,677

     

     

     

    167,505

     

     

     

    155,091

     

    GAAP weighted average shares - diluted

     

    182,119

     

     

     

    182,464

     

     

     

    163,677

     

     

     

    181,158

     

     

     

    155,091

     

    Non-GAAP adjustment

     

    4,824

     

     

     

    2,028

     

     

     

    15,463

     

     

     

    3,486

     

     

     

    15,053

     

    Non-GAAP weighted average shares - diluted

     

    186,943

     

     

     

    184,492

     

     

     

    179,140

     

     

     

    184,644

     

     

     

    170,143

     

     

     

     

     

     

     

     

     

     

     

    GAAP diluted net income (loss) per share

    $

    0.20

     

     

    $

    0.16

     

     

    $

    (0.06

    )

     

    $

    0.29

     

     

    $

    (0.18

    )

    Non-GAAP diluted net income per share

    $

    0.35

     

     

    $

    0.25

     

     

    $

    0.07

     

     

    $

    0.70

     

     

    $

    0.09

     

     

    Credo Technology Group Holding Ltd

    Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates

    (In millions, except percentages)

     

     

     

    Three Months Ended

    August 2, 2025

     

     

    Low

     

    High

     

     

     

     

     

    GAAP gross margin

     

     

    63.4

    %

     

     

    65.4

    %

    Reconciling item:

     

     

     

     

    Share-based compensation

     

     

    0.6

    %

     

     

    0.6

    %

    Total reconciling item

     

     

    0.6

    %

     

     

    0.6

    %

    Non-GAAP gross margin

     

     

    64.0

    %

     

     

    66.0

    %

     

     

     

     

     

     

     

     

     

     

    Total GAAP operating expenses

     

    $

    88.3

     

     

    $

    90.3

     

    Reconciling item:

     

     

     

     

    Share-based compensation

     

     

    34.3

     

     

     

    34.3

     

    Total reconciling item

     

     

    34.3

     

     

     

    34.3

     

    Total non-GAAP operating expenses

     

    $

    54.0

     

     

    $

    56.0

     

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250602805230/en/

    Investor Contact:

    Dan O'Neil

    [email protected]

    Media Contact:

    Diane Vanasse

    [email protected]

    Get the next $CRDO alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $CRDO

    DatePrice TargetRatingAnalyst
    6/3/2025$50.00 → $85.00Buy
    TD Cowen
    3/10/2025$60.00Neutral → Positive
    Susquehanna
    12/17/2024$80.00Neutral
    Susquehanna
    12/3/2024$45.00 → $75.00Buy
    TD Cowen
    12/3/2024$43.00 → $70.00Buy
    Needham
    12/3/2024$80.00Underperform → Buy
    BofA Securities
    7/15/2024$35.00 → $40.00Buy
    TD Cowen
    6/25/2024$24.00 → $35.00Hold → Buy
    TD Cowen
    More analyst ratings

    $CRDO
    Financials

    Live finance-specific insights

    See more
    • Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2025 Financial Results

      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

      6/2/25 4:05:00 PM ET
      $CRDO
      Semiconductors
      Technology
    • Credo Schedules Fourth Quarter and Fiscal Year 2025 Financial Results Conference Call

      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

      5/15/25 9:00:00 AM ET
      $CRDO
      Semiconductors
      Technology
    • Credo Reports Third Quarter of Fiscal Year 2025 Financial Results

      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

      3/4/25 4:05:00 PM ET
      $CRDO
      Semiconductors
      Technology

    $CRDO
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Credo Technology Group Holding Ltd

      SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)

      11/12/24 4:22:13 PM ET
      $CRDO
      Semiconductors
      Technology
    • Amendment: SEC Form SC 13G/A filed by Credo Technology Group Holding Ltd

      SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)

      11/12/24 2:22:32 PM ET
      $CRDO
      Semiconductors
      Technology
    • Amendment: SEC Form SC 13G/A filed by Credo Technology Group Holding Ltd

      SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)

      11/4/24 11:17:39 AM ET
      $CRDO
      Semiconductors
      Technology

    $CRDO
    SEC Filings

    See more
    • SEC Form 144 filed by Credo Technology Group Holding Ltd

      144 - Credo Technology Group Holding Ltd (0001807794) (Subject)

      6/5/25 4:20:18 PM ET
      $CRDO
      Semiconductors
      Technology
    • SEC Form 144 filed by Credo Technology Group Holding Ltd

      144 - Credo Technology Group Holding Ltd (0001807794) (Subject)

      6/4/25 1:08:03 PM ET
      $CRDO
      Semiconductors
      Technology
    • Credo Technology Group Holding Ltd filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Credo Technology Group Holding Ltd (0001807794) (Filer)

      6/2/25 4:09:03 PM ET
      $CRDO
      Semiconductors
      Technology

    $CRDO
    Leadership Updates

    Live Leadership Updates

    See more
    • Credo's PCIe® Retimer Successfully Passes PCI-SIG® Compliance

      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 that its PCI Express® (PCIe®) 5.0 specification capable "Toucan" retimer has successfully passed the testing at the PCI-SIG® Compliance Workshop #133 in Taipei. This milestone confirms the retimer's compliance with the rigorous standards required for PCIe 5.0 technology integrations, and it now will be officially listed on the PCI-SIG Integrators List. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250303275826/en/(Graphic: Business W

      3/3/25 9:00:00 AM ET
      $CRDO
      Semiconductors
      Technology
    • Credo Completes First GHG Emissions Calculation, Strengthens Commitment to Environmental Sustainability

        Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is proud to announce the completion of its inaugural Greenhouse Gas (GHG) emissions and carbon footprint calculation for calendar year 2023. This comprehensive GHG report, created in collaboration with environmental consultancy Minimum, marks a significant step forward in the company's journey towards improved environmental sustainability. This press release features multimedia. View the full release here: https://www

      11/18/24 9:00:00 AM ET
      $CRDO
      Semiconductors
      Technology
    • Credo Technology Group Appoints Jim Laufman as New Chief Legal Officer

      Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions, today announced that Jim Laufman has been appointed Chief Legal Officer (CLO) and Corporate Secretary. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827925205/en/CRDO), an innovator in providing secure, high-speed connectivity solutions, today announced that Jim Laufman has been appointed Chief Legal Officer (CLO) and Corporate Secretary. (Photo: Business Wire)">Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions, today announced that Jim Lauf

      8/27/24 8:14:00 AM ET
      $CRDO
      Semiconductors
      Technology

    $CRDO
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Credo to Present at 2025 Mizuho Technology Conference

      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 that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: 2025 Mizuho Technology Conference Date: Tuesday, June 10, 2025 Time: 1:20 p.m. ET Location: New York City, New York The presentation will be webcast live on Credo's IR website at http://investors.credosemi.com/. The webcast replay will be available as soon as possible following the event on Credo's IR website. About Credo Credo's mission is

      6/4/25 9:00:00 AM ET
      $CRDO
      Semiconductors
      Technology
    • Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2025 Financial Results

      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

      6/2/25 4:05:00 PM ET
      $CRDO
      Semiconductors
      Technology
    • Credo Launches PILOT a Diagnostic and Analytics Software Platform, Enhancing Link Reliability and Performance Across High-Speed Connectivity Solutions

      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 introduced PILOT, its proprietary Predictive Integrity, Link Optimization, and Telemetry platform. Designed to support a full suite of Credo connectivity offerings —including SerDes IP, retimer ICs, and system-level Active Electrical Cables (AEC)—PILOT delivers advanced diagnostic and analytic capabilities along with mission mode telemetry establishing a new benchmark for link reliability and uptime stability. This press release features multimedia. View the full release here: https://www.businesswire.com

      5/20/25 9:00:00 AM ET
      $CRDO
      Semiconductors
      Technology

    $CRDO
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • TD Cowen reiterated coverage on Credo Technology Group with a new price target

      TD Cowen reiterated coverage of Credo Technology Group with a rating of Buy and set a new price target of $85.00 from $50.00 previously

      6/3/25 7:53:52 AM ET
      $CRDO
      Semiconductors
      Technology
    • Credo Technology Group upgraded by Susquehanna with a new price target

      Susquehanna upgraded Credo Technology Group from Neutral to Positive and set a new price target of $60.00

      3/10/25 8:08:09 AM ET
      $CRDO
      Semiconductors
      Technology
    • Susquehanna initiated coverage on Credo Technology Group with a new price target

      Susquehanna initiated coverage of Credo Technology Group with a rating of Neutral and set a new price target of $80.00

      12/17/24 7:40:35 AM ET
      $CRDO
      Semiconductors
      Technology

    $CRDO
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Pres & Chief Executive Officer Brennan William Joseph covered exercise/tax liability with 6,149 units of Ordinary Shares, decreasing direct ownership by 1% to 451,279 units (SEC Form 4)

      4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)

      6/3/25 8:07:48 PM ET
      $CRDO
      Semiconductors
      Technology
    • Chief Operating Officer Lam Yat Tung covered exercise/tax liability with 3,174 units of Ordinary Shares, decreasing direct ownership by 0.11% to 2,762,925 units (SEC Form 4)

      4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)

      6/3/25 8:04:05 PM ET
      $CRDO
      Semiconductors
      Technology
    • Chief Technology Officer Cheng Chi Fung covered exercise/tax liability with 2,460 units of Ordinary Shares, decreasing direct ownership by 2% to 119,350 units (SEC Form 4)

      4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)

      6/3/25 8:02:37 PM ET
      $CRDO
      Semiconductors
      Technology