{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-030511","form_type":"8-K","ticker":"CRDO","cik":"0001807794","company_name":"Credo Technology Group Holding Ltd","filed_at":"2023-08-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.337642+00:00","generated_at":"2026-06-11T04:16:49.541677+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Credo Tech Q1 FY2024 rev $35.1M (+9% QoQ), net loss $11.7M; Q2 guidance $42-44M","bullets":["Q1 revenue $35.1M, up 9% quarter-over-quarter; GAAP net loss $11.7M ($0.08 per share), non-GAAP net loss $4.7M ($0.03).","GAAP gross margin 59.2%, non-GAAP 59.8%. Cash and short-term investments $237.6M.","Q2 FY2024 guidance: revenue $42-44M, GAAP gross margin 57.8-59.8%, non-GAAP opex $27-29M.","CEO expects sequential growth through FY2024, led by multiple customers and expanding connectivity solutions.","Ticker: CRDO (Nasdaq)."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-030511","json":"https://secwatch.observer/filing/0001628280-23-030511.json","markdown":"https://secwatch.observer/filing/0001628280-23-030511.md","text":"https://secwatch.observer/filing/0001628280-23-030511.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1807794/000162828023030511/0001628280-23-030511-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1807794/000162828023030511/crdo-20230824.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T04:16:49.541677+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8b6cdf6e9eb8b78f41d72ad3fec5ddf2cedfc508","claim":"Credo Technology Group Holding Ltd reported first quarter of fiscal year 2024 results: revenue $35.1 million, net income GAAP net loss of $11.7 million and non-GAAP net loss of $4.7 million, EPS GAAP diluted net loss per share of $0.08 and non-GAAP diluted net loss per share of $0.03.","evidence_excerpt":"First Quarter of Fiscal Year 2024 Financial Highlights • Revenue of $35.1 million, grew by 9% quarter over quarter • GAAP gross margin of 59.2% and non-GAAP gross margin of 59.8% • GAAP operating expenses of $35.2 million and non-GAAP operating expenses of $27.4 million • GAAP net loss of $11.7 million and non-GAAP net loss of $4.7 million • GAAP diluted net loss per share of $0.08 and non-GAAP diluted net loss per share of $0.03 • Ending cash and short-term investment balance of $237.6 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1807794/000162828023030511/0001628280-23-030511-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal year 2024"},{"label":"Revenue","value":"$35.1 million"},{"label":"Net income","value":"GAAP net loss of $11.7 million and non-GAAP net loss of $4.7 million"},{"label":"EPS","value":"GAAP diluted net loss per share of $0.08 and non-GAAP diluted net loss per share of $0.03"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"98096b3a69a36e0d8de0447f3d9c679eb5fd9875","claim":"Credo Technology Group Holding Ltd reported second quarter of fiscal 2024 results: revenue between $42.0 million and $44.0 million. Guidance initiated.","evidence_excerpt":"Second Quarter of Fiscal 2024 Financial Outlook • Revenue is expected to be between $42.0 million and $44.0 million • GAAP gross margin is expected to be between 57.8% and 59.8%, and non-GAAP gross margin is expected to be between 58.0% and 60.0% • GAAP operating expenses are expected to be between $35.0 million and $37.0 million, and non-GAAP operating expenses are expected to be between $27.0 million and $29.0 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1807794/000162828023030511/0001628280-23-030511-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of fiscal 2024"},{"label":"Revenue","value":"between $42.0 million and $44.0 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}