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.

Credo Technology Group (CRDO) excels in Q2, eyes PCIe market

Credo Technology Group Holding Ltd (CRDO) delivered robust Q2 2025 results, driven by strong revenue growth and record performances in key product segments. The company's strategic focus on high-speed solutions and market diversification positions it for continued success.
While facing challenges in a competitive market and customer expansion, Credo's technological expertise, growth projections, and market alignment present promising opportunities for future growth and innovation.
Overall, Credo's Q2 performance reflects its resilience, market adaptability, and growth potential, signaling a positive outlook for the company's trajectory and market positioning in the coming quarters.

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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.

From a closing share price just over $40 on November 11, to Friday's close just a nickel short of $76, Credo Technology (Nasdaq: CRDO) stock has been on an absolute tear this past month, gaining roughly 90% in just over 30 days.

Why This High Flying AI Stock is Up 90% the Past Month

Credo Tech is poised to benefit from a multi-year scale-out in custom data center infrastructure markets, driven by AI workloads and hyperscaler demand for efficiency. Broadcom's strong AI revenue growth and industry insights highlight a significant CAGR for custom networking solutions, benefiting companies like Credo. Credo's revenue and gross margins are accelerating, with management optimistic about future growth driven by AEC product adoption and market expansion.

Credo's Huge AI Growth Runway Is Confirmed By An Industry Bellwether

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

Are You Looking for a Top Momentum Pick? Why Credo Technology Group Holding Ltd.

Credo Technology Group (CRDO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Credo Technology Group (CRDO) Upgraded to Buy: Here's What You Should Know

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

Surging Earnings Estimates Signal Upside for Credo Technology Group (CRDO) Stock

Nvidia stock continues to float near its buy zone as Disney sets up. But Credo Technology is the real star of this breakout show.

Nvidia, Disney Shine On This Screen. But Here's The Real Star.

Shares of data center cable company Credo Technology (CRDO 45.40%) rocketed on Tuesday, with shares up 47.3% as of 1:11 p.m. ET.

Why Credo Technology Group Rocketed Nearly 50% Today

Credo Technology Group Holding Ltd surged almost 50% on Tuesday after news of an “inflection point” in results fetched a double upgrade by Bank of America analysts. Chief executive Bill Brennan hailed a “turning point” and flagged “even greater demand than initially projected” for artificial intelligence goods in second-quarter figures on Tuesday.

Credo surges as AI upside prompts BoA double upgrade

Credo Technology Group Holding Ltd CRDO reported better-than-expected second-quarter financial results and issued strong guidance on Monday.

These Analysts Boost Their Forecasts On Credo Technology Group After Upbeat Results

Credo Technology Group Holding Ltd CRDO shares jumped almost 40% in early trading on Tuesday.

Credo Technology Analyst Double Upgrades AI Play, Raises Forecast By Almost 200%

Shares of Credo Technology Group Holding (CRDO) soared 40% to an all-time high Tuesday, a day after the provider of high-speed connectivity solutions for data centers posted better-than-expected results and guidance on strong demand for products that support artificial intelligence (AI).

Credo Technology Group Stock Hits All-Time High on Soaring AI Products Demand

United States Steel

US equity majors fell slightly on Tuesday after the S&P 500 and the Nasdaq hit record highs in the previous session.  Investors will be focusing on key US labour data, scheduled to be released later this week, and also monitoring comments from the Federal Reserve officials.

Markets edge down as US jobs report looms; US Steel drops, Credo Technology surges

I reiterate a “Buy” rating on Credo Technology Group Holding with a one-year price target of $75 per share, driven by strong revenue growth and market leadership. Credo Technology reported a 63.6% year-over-year revenue growth, exceeding expectations, and anticipates 126% growth in Q3, driven by AI and data center demands. The company's innovative AEC products and strong market position in Ethernet connectivity solutions are key factors supporting its growth and competitive edge.

Credo Technology Q2: Infection Point Has Arrived

Credo Technology surged on strong fiscal Q2 earnings and booming guidance as it hailed an AI "inflection point" and new cloud customers. The post Credo Stock Surges On Earnings, Blowout Guidance Amid AI 'Inflection Point' appeared first on Investor's Business Daily.

Credo Stock Surges On Earnings, Blowout Guidance Amid AI 'Inflection Point'

The company's latest results indicate a stronger pace of investment from customers such as Microsoft and Amazon.com.

Credo Technology Stock Soars. Why It's the Latest AI Data Center Darling.

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q2 2025 Earnings Conference Call December 2, 2024 5:00 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 Quinn Bolton - Needham & Company Tore Svanberg - Stifel Vivek Arya - Bank of America Securities Suji Desilva - ROTH Capital Vijay Rakesh - Mizuho Joshua Buchalter - TD Cowen Karl Ackerman - BNP Operator Good day, and thank you for standing by. Welcome to the Credo Second Quarter Fiscal Year 2025 Earnings Conference Call.

Credo Technology Group Holding Ltd (CRDO) Q2 2025 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) Q2 Earnings and Revenues Top Estimates

SAN JOSE, Calif., Dec. 02, 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 through the data infrastructure market, today reported financial results for the second quarter of fiscal year 2025, ended November 2, 2024.

Credo Reports Second Quarter of Fiscal Year 2025 Financial Results

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, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: Barclays 22nd Annual Global Te.

Credo to Present at Barclays 22nd Annual Global Technology Conference

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, has released its 2024 Environmental, Social, and Governance (ESG) Report. This report outlines Credo's continued dedication to environmental stewardship, diversity and inclusion, and ethical.

Credo Releases 2024 Environmental, Social, and Governance (ESG) Report

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 proud to announce the completion of its inaugural Greenhouse Gas (GHG) emissions and carbon footprint calculation for calendar year 2023. This comprehensive GHG report, created in collabo.

Credo Completes First GHG Emissions Calculation, Strengthens Commitment to Environmental Sustainability

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo and Net One Systems Join Forces to Bring Active Electrical Cables to the Japanese Market.

Credo and Net One Systems Join Forces to Bring Active Electrical Cables to the Japanese Market

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Announces PCI Express 6 /7, Compute Express Link CXL 3.x Retimers, and AEC PCI Express Product Line at OCP Summit 2024.

Credo Announces PCI Express 6 /7, Compute Express Link CXL 3.x Retimers, and AEC PCI Express Product Line at OCP Summit 2024

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo to Showcase Datacenter AI, Compute and CXL with XConn PCIe and CXL Switches at OCP Global Summit 2024.

Credo to Showcase Datacenter AI, Compute and CXL with XConn PCIe and CXL Switches at OCP Global Summit 2024

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