---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-005837"
form_type: "8-K"
ticker: "CRDO"
cik: "0001807794"
company_name: "Credo Technology Group Holding Ltd"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T18:37:15.231396+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-005837
- form_type: 8-K
- ticker: CRDO
- cik: 0001807794
- company_name: Credo Technology Group Holding Ltd
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807794/000162828023005837/0001628280-23-005837-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807794/000162828023005837/crdo-20230301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-005837
- JSON: https://secwatch.observer/filing/0001628280-23-005837.json
- Plain text: https://secwatch.observer/filing/0001628280-23-005837.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807794/000162828023005837/0001628280-23-005837-index.htm

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