---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-031075"
form_type: "8-K"
ticker: "CRDO"
cik: "0001807794"
company_name: "Credo Technology Group Holding Ltd"
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:46:15.119543+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Credo Technology reports Q2 FY23 record revenue $51.4M, up 94% YoY; guides Q3 $54-56M

## Summary
- Record revenue of $51.4M in Q2 FY23, up 11% QoQ and 94% YoY.
- GAAP net loss of $3.4M ($0.02 per share); non-GAAP net income of $2.4M ($0.02 diluted EPS).
- Q3 FY23 guidance: revenue between $54M and $56M (up ~73% YoY at midpoint); GAAP gross margin 58.7%-60.7%.
- Full FY23 revenue expected to be at least $200M, representing >88% growth vs FY22.
- Ending cash and short-term investments of $240.5M provides strong balance sheet.

## SEC filing metadata
- accession: 0001628280-22-031075
- form_type: 8-K
- ticker: CRDO
- cik: 0001807794
- company_name: Credo Technology Group Holding Ltd
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807794/000162828022031075/0001628280-22-031075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807794/000162828022031075/crdo-20221130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-031075
- JSON: https://secwatch.observer/filing/0001628280-22-031075.json
- Plain text: https://secwatch.observer/filing/0001628280-22-031075.txt

## Key facts
- Earnings Releases
  Credo Technology Group Holding Ltd reported second quarter of fiscal year 2023, ended October 29, 2022 results: revenue $51.4 million, net income $3.4 million, EPS $0.02. Guidance reaffirmed.
  - Period: second quarter of fiscal year 2023, ended October 29, 2022
  - Revenue: $51.4 million
  - Net income: $3.4 million
  - EPS: $0.02
  - Guidance: reaffirmed
  - Result: reported results
  source text: today reported financial results for the second quarter of fiscal year 2023, ended October 29, 2022. Q2 FY23 Financial Highlights • Revenue of $51.4 million, grew by 11% quarter over quarter • GAAP gross margin of 54.4% and non-GAAP gross margin of 54.9% • GAAP operating expenses of $29.7 million and non-GAAP operating expenses of $25.0 million • GAAP net loss of $3.4 million and non-GAAP net income of $2.4 million • GAAP net loss per share of $0.02 and non-GAAP diluted net income per share of $0.02
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807794/000162828022031075/0001628280-22-031075-index.htm

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