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Credo Technology Group Holding Ltd (CRDO)
NASDAQ:CRDO
RESEARCH TOOLSreports
Earnings Data
Report Date
May 28, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.26Last Year’s EPS
0.07Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -19.55%
|Next Earnings Date:May 28, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive sentiment with record-breaking revenue growth and significant advancements across Credo's product lines, particularly in connectivity solutions and PCIe product introductions. However, there are concerns about high customer concentration and dependence on a single hyperscale customer. Despite these concerns, the overall outlook remains positive with expectations of diversifying revenue streams in the coming quarters.Company Guidance
During the earnings call for the third quarter of fiscal 2025, Credo reported a record revenue of $135 million, marking an 87% sequential increase and a 154% year-over-year growth. The company's non-GAAP gross margin was 63.8%, with the AEC product line experiencing strong triple-digit sequential growth. Credo's largest customer accounted for 86% of revenue, although a diversification in the customer base is expected as more hyperscalers ramp up. The company detailed its multi-tiered innovation strategy, emphasizing its competitive advantages in SerDes technology, IC design, and system-level solutions. Credo is expanding its offerings to include PCIe products and anticipates significant revenue opportunities in scale-up networks. As of the call, Credo has achieved volume production with three hyperscalers and is in qualification with two more, expecting production in fiscal 2026. The company remains confident in its ability to scale revenue and diversify its customer base across more accounts in the coming quarters and years.Record-Breaking Revenue Growth
Credo reported revenue of $135 million, up 87% sequentially and up 154% year-over-year.
Strong Gross Margin Performance
Non-GAAP gross margin was 63.8%, benefiting from scale and the roll-off of contra revenue associated with a warrant with Amazon.
Hyperscale Customer Expansion
Credo achieved volume production with 3 hyperscalers and is in qualification with 2 additional hyperscalers, expecting production in fiscal '26.
Innovation in Connectivity Solutions
Credo's multi-tiered innovation in SerDes technology, integrated circuit design, and system-level approach drives competitive advantage.
PCIe Product Line Introduction
Credo will soon introduce a full suite of PCIe products, expanding their total addressable market (TAM) with AI scale-out and scale-up networks.
Advancements in Optical DSP Business
Credo's optical DSP business is on track with opportunities across a global customer base and recent advancements in 3-nanometer tape-out for leading-edge opportunities.
Positive Feedback for PCIe Retimers
Credo received the first platform commitment from a large AI server ODM for PCIe retimers and foresees production revenue in calendar year 2026.
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Credo Technology Group Holding Ltd (CRDO) Earnings, Revenues Date & History
CRDO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRDO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $54.32 | $46.73 | -13.97% |
| Dec 02, 2024 | $47.80 | $70.69 | +47.89% |
| Sep 04, 2024 | $31.30 | $26.65 | -14.86% |
| May 29, 2024 | $20.22 | $25.69 | +27.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Credo Technology Group Holding Ltd (CRDO) report earnings?
Credo Technology Group Holding Ltd (CRDO) is schdueled to report earning on May 28, 2025, TBA Not Confirmed.
What is Credo Technology Group Holding Ltd (CRDO) earnings time?
Credo Technology Group Holding Ltd (CRDO) earnings time is at May 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRDO EPS forecast?
CRDO EPS forecast for the fiscal quarter 2025 (Q4) is 0.26.
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