Credo Q3 FY24 revenue $53.1M (+20% QoQ); guides Q4 revenue $59-62M

Credo Technology Group Holding Ltd

2024-Q3 EPS reported -$0.12 revenue$132,188,000

Revenue $53.1M, up 20% QoQ; GAAP net income $0.4M ($0.00 diluted EPS); non-GAAP net income $6.3M ($0.04 diluted EPS).
GAAP gross margin 61.4%; non-GAAP gross margin 62.2%; ending cash/short-term investments $409.1M.
Q4 FY24 guidance: revenue $59-62M; GAAP gross margin 63.2-65.2%; non-GAAP gross margin 64.0-66.0%.
CEO cites accelerating opportunity for high-speed, energy-efficient connectivity solutions driving growth.

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 0.95

Credo Technology Group Holding Ltd reported Fourth Quarter of Fiscal 2024 results: revenue between $59.0 million and $62.0 million. Guidance initiated.

Period: Fourth Quarter of Fiscal 2024
Revenue: between $59.0 million and $62.0 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Fourth Quarter of Fiscal 2024 Financial Outlook • Revenue is expected to be between $59.0 million and $62.0 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Credo Technology Group Holding Ltd reported the third quarter of fiscal year 2024, ended January 27, 2024 results: revenue $53.1 million.

Period: the third quarter of fiscal year 2024, ended January 27, 2024
Revenue: $53.1 million
Result: reported results

Exact text from the filing

market, today reported financial results for the third quarter of fiscal year 2024, ended January 27, 2024. Third Quarter of Fiscal Year 2024 Financial Highlights • Revenue of $53.1 million, grew by 20% quarter over quarter • GAAP gross margin of 61.4% and non-GAAP gross margin of 62.2% • GAAP operating expenses of $38.5 million and non-GAAP operating expenses of

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

Credo Technology Group Holding Ltd filing history →

Source: SEC EDGAR

accession 0001628280-24-007214

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