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.

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.

Credo Technology: Benefits From The Rising Demand For Faster Data Connectivity

Analysts predict 62% revenue growth for Credo in fiscal 2025, up from 5% this year, as AI servers drive demand for active electrical cables.

Why Wall Street Predicts Revenue Will Surge At This Maker Of Networking Devices

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q4 2024 Earnings Conference Call May 29, 2024 5:00 PM ET Company Participants Dan O'Neil - VP-Corporate Development & IR Bill Brennan - CEO Dan Fleming - CFO Conference Call Participants Quinn Bolton - Needham Tore Svanberg - Stifel Thomas O'Malley - Barclays Vijay Rakesh - Mizuho Richard Shannon - Craig-Hallum Karl Ackerman - BNP Paribas Suji Desilva - ROTH 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) Q4 2024 Earnings Call Transcript

Credo Technology Group Holding Ltd. (CRDO) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.05 per share.

Credo Technology Group Holding Ltd. (CRDO) Q4 Earnings and Revenues Surpass Estimates

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.

Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2024 Financial Results

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.

Credo Schedules Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call

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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 set to showcase its latest SerDes IP and Chiplet technology at three upcoming Taiwan Semiconductor Manufacturing Company (TSMC) Symposium events in 2024. April 24th - North American Techno.

Credo at TSMC 2024 North America Technology Symposium

Buy rating for Credo Technology stock due to accelerating growth and customer diversification. Strong product revenue growth and margin improvements in recent results. Gaining traction with new hyperscale customers and being well-positioned for future demand in high-speed data center connectivity.

Credo Technology: Positive On Growth Acceleration And Customer Base Diversification

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors.

Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors

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 bandwidth requirements increase throughout the data infrastructure market, will showcase its latest optical solutions at the Optical Fiber Communications (OFC) Conference, taking place March 26-28 at the San Diego Convention Center in booth 3601. Credo will be hosting meetings by appointment.

Credo Technology Group to Showcase Latest Optical Solutions at OFC 2024

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SANTA ROSA, Calif.--(BUSINESS WIRE)---- $KEYS #16T--Keysight Technologies, Inc. (NYSE: KEYS) and Credo Semiconductor (NASDAQ: CRDO) set a new milestone by developing a joint testbed that demonstrates the first IEEE P802.3dj draft specification compliant 1.6 terabit (T) Ethernet measurement system running full line rate layer 2 Ethernet traffic on a real world hardware development platform. This demonstration provides proof that 1.6T Ethernet speed is possible and that its performance can be measured. Network.

Keysight Demonstrates First Full Line Rate 1.6 Terabit Ethernet Test Capability

Credo Technology provides high-speed connectivity solutions including integrated circuits, Active Electrical Cables, and Serializer and Deserializer Chiplets. Despite volatility in 2023, CRDO has had a strong rebound with a 126% return in the past year. The company is benefitting from the growing demand for high-performance computing in data centers, particularly from US hyperscalers like Microsoft.

Credo Technology: Concentration Risk Still Overshadows Hyperscaler Progress

Credo Technology Group competes against Broadcom and Marvell in the semiconductor industry, offering high-speed data movement and connectivity solutions. Credo offers competitive solutions in areas such as high-speed SerDes technology, Ethernet solutions, active electrical cables, direct attach cables, optical DSP solutions, and PAM4 technology. Broadcom and Marvell reported their earnings yesterday, with Broadcom's sales guidance falling short of expectations and Marvell's first-quarter guidance missing expectations.

Credo Technology: Comparative Metrics Vs. Main Competitors Broadcom And Marvell

SAN JOSE, Calif., March 04, 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 36th Annual Roth Conference

Credo Technology Group Holding Ltd (CRDO) Q3 2024 Earnings Call Transcript

Credo Technology Group Holding Ltd. (CRDO) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share.

Credo Technology Group Holding Ltd. (CRDO) Q3 Earnings and Revenues Surpass Estimates

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.

Credo Technology Group Holding Ltd Reports Third Quarter of Fiscal Year 2024 Financial Results

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.

Credo Schedules Third Quarter Fiscal Year 2024 Financial Results Conference Call

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group to Exhibit at Chiplet Summit 2024.

Credo Technology Group to Exhibit at Chiplet Summit 2024

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (NASDAQ: CRDO) today introduced its newest 112G PAM4 SerDes Intellectual Property (IP) family on TSMC's industry leading N3 and N7/N6 process technologies. These two new SerDes IPs complement Credo's available IP in TSMC's N5 process technology, which also includes the enhanced N4 version of the 5nm node. This comprehensive SerDes IP family supports a wide range of demands including long reach plus (LR+), long reach (LR), med.

Credo Launches 112G PAM4 SerDes IP for TSMC N3 Process Technology

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