Credo Technology Group Holding Ltd

Credo Technology Group Holding Ltd. engages in the development of connectivity solutions and products for the data infrastructure market. Its products include integrated circuits, active electrical cables, and SerDes chiplets. The company was founded in September 2014 and is headquartered in San Jose, CA.

Earnings data Q3 2022

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CRDO reports record revenue and anticipates strong growth opportunities

CRDO reported strong financial performance with record revenue and a notable increase in non-GAAP gross margin. The company's strategic alignment with optical module companies and unique marketing approach for DSPs position them well for growth. While potential cannibalization and power challenges may pose concerns, the company sees significant opportunities in the data center and anticipates market takeoff for 800-gig optical deployments.

Credo reports Q2 revenue of $35.1M, anticipates growth in 800 gig market

CRDO's Q2 fiscal '24 earnings call highlighted revenue performance, market opportunities, and customer engagements. The company faces caution for the second half of fiscal '24 while anticipating growth in the 800 gig market and significant production commitments for optical DSP in FY '25. Credo's strengths lie in its progress with hyperscalers, integration into Tesla's chips, and positioning for next-gen AI architectures.

Credo Technology Group Holding Ltd reports robust Q3 earnings amidst forecast challenges

Credo Technology Group Holding Ltd's Q3 performance reflects strong revenue growth and technological advancements, though challenges lie ahead with a forecast reduction by its largest customer. The company remains optimistic about growth opportunities, especially in AEC solutions and future programs.

Credo Technology Group reports robust fiscal 2023 performance and eyes data center opportunities

Credo Technology Group Holding Ltd (CRDO) delivered strong financial performance in fiscal 2023, driven by product and license revenue growth.
The company faces challenges in revenue adjustments, slow ramp of optical DSPs, and uncertainties related to generative AI impact.
Despite challenges, Credo's focus on innovative solutions, power efficiency, and market opportunities positions it for continued growth and competitiveness.

Credo Technology Group reports solid Q1 performance and eyes growth opportunities

Credo Technology Group's Q1 performance was strong, driven by high-speed connectivity solutions and solid financials, with Q2 revenue guidance showing growth potential.
The company's strengths lie in AEC and optical solutions, with notable partnerships and market positioning enhancing its competitive edge.
Challenges include revenue variability and sustaining exceptional growth rates, while opportunities in 800-gig market, collaborations, and technological advancements offer avenues for future growth.

Credo Technology Group (CRDO) excels in Q2, eyes market expansion

Credo Technology Group Holding Ltd (CRDO) delivered a strong Q2 performance with revenue growth, high gross margins, and positive financial outlook, positioning the company for long-term success.
Despite facing challenges in market competition and operational execution, Credo's strengths in innovation, customer relationships, and market positioning offer opportunities for growth and expansion.
With a focus on high-speed connectivity solutions, AI applications, and product innovation, Credo is well-positioned to capitalize on market opportunities and drive future revenue growth and profitability.

Credo Technology Group reports strong Q3 earnings and eyes growth

Credo Technology Group's Q3 performance reflects revenue growth and strong financial position
Strategic focus on high-speed connectivity solutions and diversified customer base driving optimism
Challenges include managing product NREs and ensuring consistent operational efficiency
Opportunities lie in AEC market growth, U.S. hyperscalers' network deployment, and product differentiation

Credo Technology Group reports record revenue, eyes AI growth opportunities

Credo Technology Group Holding Ltd delivered strong financial performance in Q4 and fiscal '24, driven by AI deployments and product line successes. While facing challenges in balancing revenue growth and margin maintenance, the company is leveraging opportunities in AI, customization, and IP licensing for future growth.

Credo Technology Group reports strong Q1 revenue growth and market expansion

CRDO's Q1 performance reflects robust revenue growth and margin stability, driven by AI deployments and product expansion.
The company faces challenges in managing expenses and sustaining margins amidst market fluctuations and competition.
Opportunities lie in new market entries, identified growth programs, and expanding business segments for CRDO's future growth.
With a positive revenue outlook for Q2 and a focus on operational efficiency, CRDO is poised for continued success in 2025.

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Credo Technology Group Holding Ltd. engages in the development of connectivity solutions and products for the data infrastructure market. Its products include integrated circuits, active electrical cables, and SerDes chiplets. The company was founded by Chi Fung Cheng and Yat Tung Lam in September 2014 and is headquartered in George Town, Cayman Islands.

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo and Net One Systems Join Forces to Bring Active Electrical Cables to the Japanese Market.

Credo and Net One Systems Join Forces to Bring Active Electrical Cables to the Japanese Market

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Announces PCI Express 6 /7, Compute Express Link CXL 3.x Retimers, and AEC PCI Express Product Line at OCP Summit 2024.

Credo Announces PCI Express 6 /7, Compute Express Link CXL 3.x Retimers, and AEC PCI Express Product Line at OCP Summit 2024

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo to Showcase Datacenter AI, Compute and CXL with XConn PCIe and CXL Switches at OCP Global Summit 2024.

Credo to Showcase Datacenter AI, Compute and CXL with XConn PCIe and CXL Switches at OCP Global Summit 2024

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SPX Technologies, SkyWest and Credo Technology Group are making new highs and are in buy zones.

These Three Stocks Have Worked Their Way To All-Time Highs

Artificial intelligence leader Credo is breaking out this week past its latest buy point. The AI stock is in a new buy range.

AI Stock Credo Breaks Out Past Latest Buy Point

SAN JOSE, Calif.--(BUSINESS WIRE)--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 excited to announce the new 800G ZeroFlap (ZF) family of HiWire Active Electrical Cables (AECs) reaching lengths of 7 m. These high-performance HiWire ZF AECs are designed to deliver high.

Credo Introduces 800G HiWire ZeroFlap AECs to Support AI Backend Networks

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I maintain a buy rating on Credo Technology Group. CRDO reported robust 1Q25 earnings, with a 70% y/y revenue increase and significant margin improvements. The long-term growth outlook remains strong, driven by increasing demand for faster data transmission and CRDO's dominant market position in active electrical cables.

Credo Technology: Share Price Sell-Off Presents An Attractive Entry Point

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Verint Reports Downbeat Results, Joins C3.ai, Credo Technology And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q1 2025 Earnings Conference Call September 4, 2024 5:00 PM ET Company Participants Dan O'Neil - Vice President, Corporate Development and Investor Relations Bill Brennan - President and Chief Executive Officer Dan Fleming - Chief Financial Officer Conference Call Participants Toshiya Hari - Goldman Sachs Tore Svanberg - Stifel Suji Desilva - ROTH Capital Sean O'Loughlin - TD Cowen Karl Ackerman - BNP Paribas Thomas O'Malley - Barclays Quinn Bolton - Needham Richard Shannon - Craig-Hallum Operator Ladies and gentlemen thank you for standing by. At this time, all participants are in a listen-only mode.

Credo Technology Group Holding Ltd (CRDO) Q1 2025 Earnings Call Transcript

Credo Technology Group Holding Ltd. (CRDO) came out with quarterly earnings of $0.04 per share, in line with the Zacks Consensus Estimate.

Credo Technology Group Holding Ltd. (CRDO) Meets Q1 Earnings Estimates

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group to Showcase Optical Solutions at CIOE 2024.

Credo Technology Group to Showcase Optical Solutions at CIOE 2024

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (CRDO) today announced that Jim Laufman has been appointed Chief Legal Officer (CLO) and Corporate Secretary.

Credo Technology Group Appoints Jim Laufman as New Chief Legal Officer

SAN JOSE, Calif., Aug. 21, 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 as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference.

Credo to Present at Goldman Sachs Communacopia + Technology Conference

IPO Stock Of The Week: AI stock Credo regained a key level this week with a bullish bounce, as the market continues to rebound.

IPO Stock Of The Week: AI Leader Credo Retakes Key Level

Credo Technology is a leader in the high-speed connectivity market, with AI and data center expansions driving rapid business growth. I anticipate Credo doubling AI related revenue by FY25, with comprehensive Ethernet connectivity solutions positioning the company for significant growth. I'm initiating with a 'Buy' rating, with a one-year price target of $35 per share, expecting over 70% year-over-year revenue growth in Q1 FY25.

Credo Technology: AI Revenue Doubling In FY25; Initiate With 'Buy'

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 Announces Date Change of First Quarter Fiscal Year 2025 Financial Results Conference Call

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Credo Technology won an upgrade to buy from a TD Cowen analyst, who cited an expected jump in revenue. Credo stock has advanced 40% in 2024 amid rising expectations.

Credo Wins Upgrade To Buy On Expected Revenue Inflection

CRDO benefits from increasing demand for faster data transmission in a digitalized world with AI applications. CRDO designs and sells high-performance products, primarily monetizing its SerDes IP through licensing agreements and sales. The major investment risk is CRDO's customer concentration risk.

News for Credo Technology Group Holding Ltd Stock (CRDO)