secwatch.observer — SEC 8-K summary
======================================

Issuer:     Credo Technology Group Holding Ltd (CRDO)
CIK:        0001807794
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001628280-24-049564
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credo reports record Q2 revenue $72M (+64% YoY); Q3 guidance $115-125M well above consensus
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807794/000162828024049564/0001628280-24-049564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807794/000162828024049564/crdo-20241202.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-049564

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer