earnings
confidence high
sentiment positive
materiality 0.75
Credo Technology reports Q1 FY2025 revenue $59.7M, up 70% YoY; non-GAAP net income $7.0M
Credo Technology Group Holding Ltd
2025-Q1 EPS reported
-$0.06
revenue$59,714,000
- GAAP net loss of $(9.5)M ($(0.06) diluted EPS); non-GAAP net income of $7.0M ($0.04 diluted EPS).
- Product revenue hit a record $57.3M, up 30% sequentially; total revenue $59.7M, up 70% YoY.
- Non-GAAP gross margin 62.9%; ending cash and short-term investments $398.6M.
- Q2 FY2025 guidance: revenue $65-68M, non-GAAP gross margin 62-64%.
- CEO cites AI infrastructure deployments as catalyst for recent and expected growth.