earnings
confidence high
sentiment positive
materiality 0.80
Credo reports record Q2 revenue $72M (+64% YoY); Q3 guidance $115-125M well above consensus
Credo Technology Group Holding Ltd
2025-Q2 EPS
reported -$0.08
vs consensus $0.28
▼ miss
(-128.4%)
- Revenue $72.0M, +20.6% QoQ, +63.6% YoY; product revenue $69.1M.
- GAAP net loss $(4.2)M ($(0.03)/share); non-GAAP net income $12.3M ($0.07/share).
- Non-GAAP gross margin 63.6%; cash and short-term investments $383.0M.
- Q3 FY2025 guidance: revenue $115M-$125M, non-GAAP gross margin 61.0%-63.0%.
- CEO Bill Brennan: inflection point arrived, driven by AI deployments and deepening customer relationships.