---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-003504"
form_type: "8-K"
ticker: "CRDO"
cik: "0001807794"
company_name: "Credo Technology Group Holding Ltd"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:19:50.283714+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Credo Technology: largest customer cuts demand; Q4 FY23 revenue guidance $30-32M; FY24 flat YoY

## Summary
- Largest customer reduced demand forecast for certain Credo products (unrelated to performance); market share expected unaffected.
- Q4 FY23 revenue guidance lowered to $30M-$32M due to customer reduction and macroeconomic headwinds.
- FY24 revenue expected flat vs. FY23; sequential growth projected after low point in Q4 FY23 or Q1 FY24.
- Long-term financial model unchanged; managing OpEx to support future revenue growth and profitability.

## SEC filing metadata
- accession: 0001628280-23-003504
- form_type: 8-K
- ticker: CRDO
- cik: 0001807794
- company_name: Credo Technology Group Holding Ltd
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807794/000162828023003504/0001628280-23-003504-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807794/000162828023003504/crdo-20230214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-003504
- JSON: https://secwatch.observer/filing/0001628280-23-003504.json
- Plain text: https://secwatch.observer/filing/0001628280-23-003504.txt

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