---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-007214"
form_type: "8-K"
ticker: "CRDO"
cik: "0001807794"
company_name: "Credo Technology Group Holding Ltd"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T12:30:52.498908+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-007214
- form_type: 8-K
- ticker: CRDO
- cik: 0001807794
- company_name: Credo Technology Group Holding Ltd
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807794/000162828024007214/0001628280-24-007214-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807794/000162828024007214/crdo-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007214
- JSON: https://secwatch.observer/filing/0001628280-24-007214.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007214.txt

## Key facts
- Earnings Releases
  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
  source text: Fourth Quarter of Fiscal 2024 Financial Outlook • Revenue is expected to be between $59.0 million and $62.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807794/000162828024007214/0001628280-24-007214-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807794/000162828024007214/0001628280-24-007214-index.htm

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