---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-024051"
form_type: "8-K"
ticker: "CRDO"
cik: "0001807794"
company_name: "Credo Technology Group Holding Ltd"
filed_at: "2022-08-31T23:59:59+00:00"
generated_at: "2026-06-23T18:50:53.920256+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Credo Q1 FY2023 revenue $46.5M, up 24% QoQ; guides Q2 $48.5-52.5M, +91% YoY

## Summary
- Revenue $46.5M, up 24% QoQ from $37.5M; product revenue up 37% sequentially.
- GAAP net loss $0.1M ($0.00 EPS); non-GAAP net income $5.4M ($0.03 diluted EPS).
- Q2 FY2023 guidance: revenue $48.5-52.5M (91% YoY growth); GAAP gross margin 58.5-60.5%.
- Management reiterates FY2023 revenue target of at least $200M (88%+ YoY growth).
- Ending cash $243.8M; non-GAAP gross margin 60.5%.

## SEC filing metadata
- accession: 0001628280-22-024051
- form_type: 8-K
- ticker: CRDO
- cik: 0001807794
- company_name: Credo Technology Group Holding Ltd
- filed_at: 2022-08-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807794/000162828022024051/0001628280-22-024051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807794/000162828022024051/crdo-20220831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-024051
- JSON: https://secwatch.observer/filing/0001628280-22-024051.json
- Plain text: https://secwatch.observer/filing/0001628280-22-024051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.