Credo Technology Q3 revenue $54.3M, up 71% YoY; Q4 guidance $30-32M signals sharp decline

Credo Technology Group Holding Ltd

2023-Q3 EPS reported $0.00 revenue$152,106,000

Revenue $54.3M (+71% YoY, +6% QoQ); GAAP diluted EPS $0.02, non-GAAP $0.05.
Q4 FY2023 guidance: revenue $30-32M, implying ~43% sequential decline from Q3.
GAAP gross margin 58.9%; non-GAAP gross margin 59.3%; cash and investments $233M.
GAAP net income $2.8M; non-GAAP net income $7.5M.
Management remains focused on large market opportunity despite near-term headwinds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Credo Technology Group Holding Ltd reported the quarter ended January 28, 2023 results: revenue $54.3 million, net income $2.8 million, EPS $0.02. Guidance initiated.

Period: the quarter ended January 28, 2023
Revenue: $54.3 million
Net income: $2.8 million
EPS: $0.02
Guidance: initiated
Result: reported results

Exact text from the filing

market, today reported financial results for the third quarter of fiscal year 2023, ended January 28, 2023. Third Quarter of Fiscal Year 2023 Financial Highlights • Revenue of $54.3 million, grew by 6% quarter over quarter • GAAP gross margin of 58.9% and non-GAAP gross margin of 59.3% • GAAP operating expenses of $34.9 million and non-GAAP operating expenses of

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Source: SEC EDGAR

accession 0001628280-23-005837

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