secwatch.observer — SEC 8-K summary
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Issuer:     Credo Technology Group Holding Ltd (CRDO)
CIK:        0001807794
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001628280-23-005837
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807794/000162828023005837/0001628280-23-005837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807794/000162828023005837/crdo-20230301.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-005837

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer