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.

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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)---- $CRDO #WeConnect--Credo Technology Group Names Kate Schuelke as New Chief Legal Officer. Ms. Schuelke joins Credo from Seagate Technology LLC where she was also CLO.

Credo Technology Group Names Kate Schuelke as New Chief Legal Officer

SAN JOSE, Calif., Jan. 08, 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 throughout the data infrastructure market, today announced that Bill Brennan, CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference.

Credo to Present at 26th Annual Needham Growth Conference

Credo Technology (CRDO) has seen solid earnings estimate revision activity over the past two months, and belongs to a strong industry as well.

Why Credo Technology (CRDO) Stock Might be a Great Pick

I upgrade my rating to buy due to CRDO's strong growth outlook. Recent results show sequential revenue growth of 24.5%, driven by increased demand for connectivity solutions in computing and AI applications. The company has potential for market share growth in the optical DSP space and the probability of turning a profit has improved.

Credo Technology: Rating Upgrade As I Focus On FY26 Numbers

Does Credo Technology Group Holding Ltd. (CRDO) have what it takes to be a top stock pick for momentum investors?

Credo Technology Group Holding Ltd. (CRDO) is a Great Momentum Stock: Should You Buy?

Credo Technology Group Holding Ltd. (CRDO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Credo Technology Group Holding Ltd. (CRDO): Will It Gain?

SAN JOSE, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO) (“Credo”) today announced the pricing of an underwritten public offering of 10,000,000 of its ordinary shares at a price to the public of $17.50 per share. An aggregate of 8,940,000 of the shares are being offered by Credo and 1,060,000 shares are being offered by selling shareholders. The gross proceeds from the offering to Credo, before deducting underwriting discounts and commissions and other offering expenses payable by Credo, are expected to be $156.5 million. The offering is scheduled to close on December 8, 2023, subject to the satisfaction of customary closing conditions. Credo's ordinary shares are listed on the Nasdaq Global Select Market under the ticker symbol “CRDO”.

Credo announces pricing of public offering

SAN JOSE, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO) (“Credo”) today announced the commencement of an underwritten public offering of 10,000,000 of its ordinary shares. An aggregate of 8,940,000 of the shares are being offered by Credo and 1,060,000 of the shares are being offered by selling shareholders. Credo's ordinary shares are listed on the Nasdaq Global Select Market under the ticker symbol “CRDO”.

Credo announces launch of public offering

SAN JOSE, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and energy-efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference.

Credo to Present at Barclays Global Technology Conference

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q2 2024 Earnings Call Transcript November 29, 2023 4:30 PM ET Company Participants Dan O'Neil - VP-Corporate Development and IR Bill Brennan - CEO Dan Fleming - CFO Conference Call Participants Toshiya Hari - Goldman Sachs Thomas O'Malley - Barclays Tore Svanberg - Stifel Karl Ackerman - BNP Paribas. Vijay Rakesh - Mizuho Suji Desilva - ROTH MKM Richard Shannon - Craig-Hallum Capital Group Quinn Bolton - Needham and Company Operator Ladies and gentlemen, thank you for standing by.

Credo Technology Group Holding Ltd (CRDO) Q2 2024 Earnings Call Transcript

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.

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

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.

Credo Schedules Second Quarter Fiscal Year 2024 Financial Results Conference Call

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions, in conjunction with 33 other partners, is excited to announce the HiWire Consortium Compute Express Link (CXL) Active Electrical Cable (AEC) and optics standardization effort. CXL is expected to enable servers to dramatically expand memory footprints and to share compute, memory and storage resources across rack and row scale instal.

Credo Joins with Industry Players to Announce Effort to Standardize CXL Active Electrical Cables & Optics at OCP Global Summit 2023

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The company met management's short-term forecast in Q1. Yet expected sales declines in the current quarter lessened investors' enthusiasm.

Why Credo Technology Stock Rose This Week

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q1 2024 Earnings Conference Call August 24, 2023 4:15 PM ET Company Participants Dan O'Neil - VP-Corporate Development and IR Bill Brennan - CEO Dan Fleming - CFO Conference Call Participants Toshiya Hari - Goldman Sachs Quinn Bolton - Needham & Company Matt Ramsay - TD Cowen Karl Ackerman - BNP Paribas Suji Desilva - ROTH MKM Tore Svanberg - Stifel Brett Simpson - Arete Research Vijay Rakesh - Mizuho Richard Shannon - Craig-Hallum Capital Group 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 2024 Earnings Call Transcript

Credo Technology Group Holding Ltd. (CRDO) came out with a quarterly loss of $0.03 per share in line with the Zacks Consensus Estimate.

Credo Technology Group Holding Ltd. (CRDO) Reports Q1 Loss, Tops Revenue Estimates

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.

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

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.

Credo Schedules First Quarter Fiscal Year 2024 Financial Results Conference Call

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 power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is excited to announce its participation in the upcoming OCP China Day on August 10, 2023 in Beijing, China. The event will provide Credo with a platform to showcase its HiWire AEC.

Credo to Showcase HiWire AEC Cables at OCP China Day in Beijing

Credo Technology Group experienced exceptional growth of 73% in FY2023, driven by a robust annual growth rate of 132% in its Product Sales segment over the past three years. Despite competition from larger companies like Broadcom and Marvell, CRDO is well-positioned to capitalize on the rapidly growing Active Electrical Cables market, forecasted to grow at a CAGR of 113.3%. As a founding member of the HiWire consortium, Credo could benefit from the increasing adoption of AECs in data centers, supporting its Product.

Credo: Super Growth On HiWire Adoption

Credo Technology Group Holding Ltd shares climbed 24% to $16.66 on Thursday after the developer of connectivity solutions and products for the data infrastructure market reported fourth-quarter fiscal 2023 revenue that fell 15% year over year to $32.1 million, but surpassed the $31.3 million FactSet consensus estimate. Credo's loss for the quarter swelled to $15.9 million, or $0.11 a share, from a loss of $5.4 million, or $0.04 a share, a year earlier, although the company's adjusted loss of $0.04 a share matched expectations.

Credo Technology Group stock surges on 4Q financial results

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q4 2023 Earnings Conference Call May 31, 2023 5:00 PM ET Company Participants Dan O'Neil - Vice President-Corporate Development & Investor Relations Bill Brennan - Chief Executive Officer Dan Fleming - Chief Financial Officer Conference Call Participants Tore Svanberg - Stifel Quinn Bolton - Needham & Company Suji Desilva - Roth Capital Karl Akerman - BNP Vivek Arya - Bank of America Operator Good day, and thank you for standing by. Welcome to the Credo Q4 Fiscal Year 2023 Earnings Conference Call.

Credo Technology Group Holding Ltd (CRDO) Q4 2023 Earnings Call Transcript

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

Credo Technology Group Holding Ltd. (CRDO) Reports Q4 Loss, Tops Revenue Estimates

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.

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