---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-040220"
form_type: "8-K"
ticker: "CRDO"
cik: "0001807794"
company_name: "Credo Technology Group Holding Ltd"
filed_at: "2023-11-29T23:59:59+00:00"
generated_at: "2026-06-07T20:23:05.614974+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Credo Q2 FY2024 revenue $44M, up 25% QoQ; non-GAAP net income $1.2M

## Summary
- Revenue $44.0M, 25% sequential growth; GAAP net loss $6.6M ($0.04 diluted EPS loss).
- Non-GAAP net income $1.2M ($0.01 diluted EPS); gross margin 59.3% GAAP, 59.9% non-GAAP.
- Cash and short-term investments $240.5M as of Oct 28, 2023.
- Q3 FY2024 guidance: revenue $51M-$53M, non-GAAP gross margin 59%-61%.

## SEC filing metadata
- accession: 0001628280-23-040220
- form_type: 8-K
- ticker: CRDO
- cik: 0001807794
- company_name: Credo Technology Group Holding Ltd
- filed_at: 2023-11-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807794/000162828023040220/0001628280-23-040220-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807794/000162828023040220/crdo-20231129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-040220
- JSON: https://secwatch.observer/filing/0001628280-23-040220.json
- Plain text: https://secwatch.observer/filing/0001628280-23-040220.txt

## Key facts
- Earnings Releases
  Credo Technology Group Holding Ltd reported fiscal quarter ended October 28, 2023 results: revenue $44.0 million, net income GAAP net loss of $6.6 million and non-GAAP net income of $1.2 million, EPS GAAP diluted net loss per share of $0.04 and non-GAAP diluted net income per share of $0.01. Guidance initiated.
  - Period: fiscal quarter ended October 28, 2023
  - Revenue: $44.0 million
  - Net income: GAAP net loss of $6.6 million and non-GAAP net income of $1.2 million
  - EPS: GAAP diluted net loss per share of $0.04 and non-GAAP diluted net income per share of $0.01
  - Guidance: initiated
  - Result: reported results
  source text: market, today reported financial results for the second quarter of fiscal year 2024, ended October 28, 2023. Second Quarter of Fiscal Year 2024 Financial Highlights • Revenue of $44.0 million, grew by 25% quarter over quarter • GAAP gross margin of 59.3% and non-GAAP gross margin of 59.9% • GAAP operating expenses of $35.0 million and non-GAAP operating expenses of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807794/000162828023040220/0001628280-23-040220-index.htm

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