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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Earnings data Q1 2025

Earnings data Q2 2025

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.

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Top 5 Tech Stocks Which You'll Regret Missing This Quarter - Credo Technology Group (NASDAQ:CRDO), Clearfield (NASDAQ:CLFD)

NEW YORK , March 13, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Credo Technology Group Holding Ltd. ("Credo" or the "Company") (NASDAQ: CRDO).

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credo Technology Group Holding Ltd. - CRDO

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q3 2023 Earnings Conference Call March 1, 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 Toshiya Hari - Goldman Sachs Quinn Bolton - Needham & Company Tore Svanberg - Stifel Suji Desilva - ROTH Capital Vivek Arya - Bank of America Karl Ackerman - BNP Paribas Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in listen-only mode.

Credo Technology Group Holding Ltd (CRDO) Q3 2023 Earnings Call Transcript

Credo Technology Group Holding Ltd. (CRDO) delivered earnings and revenue surprises of 25% and 4.37%, respectively, for the quarter ended January 2023.

Credo Technology Group Holding Ltd. (CRDO) Tops Q3 Earnings and Revenue Estimates

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.

Credo Technology Group Holding Ltd Reports Third Quarter of Fiscal Year 2023 Financial Results

SAN JOSE, Calif., Feb. 23, 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 that Bill Brennan, CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference.

Credo to Present at 35th Annual Roth Conference

NEW YORK--(BUSINESS WIRE)---- $CRDO #CRDO--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of investors of Credo Technology Group Holding Ltd. (“Credo” or “the Company”) (NASDAQ: CRDO). Credo investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/crdo. The investigation concerns whether Credo violated federal securities laws.

Bronstein, Gewirtz & Grossman, LLC Notifies Credo Technology Group Holding Ltd. (CRDO) Investors of Investigation

Credo Technology Group Holding Ltd. (CRDO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

Credo Technology Group Holding Ltd. (CRDO) Reports Next Week: Wall Street Expects Earnings Growth

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.

Credo Schedules Third Quarter Fiscal Year 2023 Financial Results Conference Call

The stock price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) dropped by 46.8% in the most recent trading session. This is why.

CRDO Stock: 46.8% Plummet Explanation

Atlanta, Georgia--(Newsfile Corp. - February 15, 2023) - Holzer & Holzer, LLC is investigating whether Credo Technology Group Holding Ltd. ("Credo" or the "Company") (NASDAQ: CRDO) complied with federal securities laws. On February 14, 2023, Credo disclosed that its largest customer had reduced its demand for certain Credo products and the Company now expects "fiscal fourth quarter revenue, ending April 29, 2023, in the range of $30 million to $32 million.

SHAREHOLDER ALERT: Investigation of Credo Technology Group Holding Ltd. (CRDO) Announced by Holzer & Holzer, LLC

The communications technology company just got some bad news from its biggest customer.

Why Credo Technology Group Stock Collapsed Today

Credo Technology Group Holding forecast fourth-quarter revenue well below estimates on Tuesday following a cut in orders from the cable maker's largest customer, sending its shares down as much as 43% on Wednesday.

Cable maker Credo slumps on forecast hit as top customer cuts orders

Shares of Credo Technology Group Holding Ltd. CRDO, +0.31% plummeted TK% toward a four-month low, putting them on track to suffer a record one-day selloff a day after closing at a record high, after the networking company disclosed that its largest customer cut demand for Credo products.

Credo stock set for record selloff the day after a record close after largest customer cuts demand

Credo Technology (NASDAQ: CRDO ) stock is taking a beating on Wednesday following a warning from the data infrastructure company. In a filing with the U.S. Securities and Exchange Commission (SEC), Credo Technology warns that its largest customer has reduced its demand for the company's products.

Why Is Credo Technology (CRDO) Stock Down 45% Today?

SAN JOSE, Calif., Jan. 03, 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 that Bill Brennan, CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference.

Credo to Present at 25th Annual Needham Growth Conference

SAN JOSE, Calif., Dec. 06, 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 that Bill Brennan, CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference.

Credo to Present at Barclays 2022 Global Technology, Media & Telecommunications Conference

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q2 2023 Earnings Conference Call November 30, 2022 5:00 PM ET Company Participants Dan O'Neil - Vice President of Corporate Development & Investor Relations Bill Brennan - President and Chief Executive Officer Dan Fleming - Chief Financial Officer Conference Call Participants Quinn Bolton - Needham & Company Toshiya Hari - Goldman Sachs Vivek Arya - Bank of America Richard Shannon - Craig-Hallum Vijay Rakesh - Mizuho Securities Tore Svanberg - Stifel Lannie Trieu - Cowen Operator Ladies and gentlemen, thank you for standing by and welcome to the Credo Semiconductor Second Quarter Fiscal Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Credo Technology Group Holding Ltd (CRDO) Q2 2023 Earnings Call Transcript

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.

Credo Technology Group Holding Ltd Reports Second Quarter of Fiscal Year 2023 Financial Results

Credo Technology, which in January pulled off one of 2022's rare technology IPOs, is targeting next-generation speeds in internet data centers. The post How Credo Technology Is Targeting Next-Generation Data Center Bandwidth appeared first on Investor's Business Daily.

How Credo Technology Is Targeting Next-Generation Data Center Bandwidth

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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.

Credo Schedules Second Quarter Fiscal Year 2023 Financial Results Conference Call

There is huge increase in data network traffic and demand for digital infrastructure, and Credo Technology Group is better placed to capitalize on this trend. The company has a leading technology and a proven product, which enable it to continue gaining market share.

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