---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-039309"
form_type: "8-K"
ticker: "CRDO"
cik: "0001807794"
company_name: "Credo Technology Group Holding Ltd"
filed_at: "2024-09-04T23:59:59+00:00"
generated_at: "2026-05-31T06:28:42.412313+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Credo Technology reports Q1 FY2025 revenue $59.7M, up 70% YoY; non-GAAP net income $7.0M

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-039309
- form_type: 8-K
- ticker: CRDO
- cik: 0001807794
- company_name: Credo Technology Group Holding Ltd
- filed_at: 2024-09-04T23:59:59+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/1807794/000162828024039309/0001628280-24-039309-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807794/000162828024039309/crdo-20240904.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-039309
- JSON: https://secwatch.observer/filing/0001628280-24-039309.json
- Plain text: https://secwatch.observer/filing/0001628280-24-039309.txt

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