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 Expands High Performance Seagull Family with Integrated 50Gbps PAM4 VCSEL and EML Drivers

Credo Expands High Performance Seagull Family With Integrated 50Gbps PAM4 VCSEL and EML Drivers

Credo Technology Group Holding Ltd (NASDAQ: CRDO) is an emerging cloud networking specialist that estimates its addressable market to grow at a compounded annual growth rate (CAGRA) of nearly 49%, according to BofA Securities. The Credo Technology Analyst: Vivek Arya initiated coverage of Credo.

Why This Analyst Believes In Credo Technology

SAN JOSE, Calif., Feb. 14, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO) today announced it will hold a conference call on Wednesday, March 9, 2022, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal third quarter ended January 31, 2022.

Credo Schedules Third Quarter Fiscal Year 2022 Financial Results Conference Call

Credo Technology Group Holding Ltd (NASDAQ: CRDO) completed an initial public offering of 20 million shares at $10.00 per share.  The company raised $183.8 million from the offering.

Credo Tech Shares Pop After Completing Its IPO

SAN JOSE, Calif., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO) today announced the closing of its initial public offering of 20,000,000 of its ordinary shares at an initial public offering price of $10.00 per share. An aggregate of 18,383,800 of the shares were offered by Credo and 1,616,200 shares were offered by selling shareholders. The aggregate gross proceeds to Credo from the offering, before deducting underwriting discounts and commissions and other offering expenses, were approximately $183.8 million. Credo's ordinary shares are listed on the Nasdaq Global Select Market under the ticker symbol “CRDO”.

Credo announces closing of initial public offering

SAN JOSE, Calif., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO) today announced the pricing of its initial public offering of 20,000,000 of its ordinary shares at a price to the public of $10.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on January 27, 2022 under the symbol “CRDO”. An aggregate of 18,383,800 of the shares are being offered by Credo and 1,616,200 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 $183.8 million. The offering is scheduled to close on January 31, 2022, subject to the satisfaction of customary closing conditions. The underwriters for the offering also have a 30-day option to purchase up to an additional 3,000,000 ordinary shares from Credo at the price to the public, less underwriting discounts and commissions.

Credo announces pricing of initial public offering

News for Credo Technology Group Holding Ltd Stock (CRDO)