Highest-materiality recent filing
Credo Q4 revenue $437M (+157% YoY); guides Q1 $465-475M; CEO awarded 1.44M performance-based RSUs
Q4 FY2026 revenue $437.0M (+7.4% QoQ, +157% YoY); GAAP diluted EPS $0.88, non-GAAP diluted EPS $1.16.
Credo to acquire DustPhotonics for $750M cash + stock; expects >$500M optical revenue in FY27
Upfront consideration: $750M cash + ~0.92M CRDO shares; earnout up to ~3.21M shares on financial milestones.
Credo Q3 FY2026 revenue $407M, up 201.5% YoY; net income $157.1M
Revenue of $407.0M (+51.9% QoQ, +201.5% YoY); GAAP diluted EPS $0.82, non-GAAP $1.07.
Credo preannounces Q3 FY2026 revenue of $404-$408M, well above prior guidance of $335-$345M
Q3 FY2026 revenue expected $404M-$408M, exceeding prior guidance range of $335M-$345M.
Credo Q2 revenue $268M (+272% YoY), GAAP EPS $0.44; Q3 guidance $335-345M
Revenue of $268.0M, up 20.2% QoQ and 272.1% YoY; GAAP diluted EPS $0.44, non-GAAP diluted EPS $0.67.
Director Lip-Bu Tan resigns; former NVIDIA SVP Brian Kelleher elected to board
Lip-Bu Tan resigned from board effective Oct 23, 2025; no disagreement with company.
Credo Technology shareholders elect all three Class I directors at 2025 AGM
William J. Brennan, Yat Tung Lam, and Chi Fung Cheng elected as Class I directors until 2028.
Credo Technology enters ATM equity distribution agreement to sell up to $750M in ordinary shares
Equity distribution agreement with Goldman Sachs for at-the-market sales of up to $750M in ordinary shares.
Credo Q1 FY2026 revenue $223.1M (+274% YoY); guides Q2 rev $230-240M
Revenue $223.1M, up 274% YoY and 31% QoQ; GAAP diluted EPS $0.34, non-GAAP $0.52.
Credo Q4 FY2025 rev $170M (+180% YoY), EPS $0.20; guides Q1 rev $185-195M
Q4 revenue $170.0M, up 25.9% QoQ and 179.7% YoY; GAAP net income $36.6M ($0.20 diluted EPS).
Credo Technology board reshuffle: Zinsner resigns, Tan steps down as chairman, Danesh elected
David Zinsner resigned from board effective March 19, 2025; no disagreement with company.
Credo reports Q3 FY2025 revenue $135M, up 154% YoY; guides Q4 $155-165M
Revenue $135.0M, up 87.4% QoQ and 154.4% YoY; record driven by AEC product line.
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.
Elected Class III directors Clyde Hosein, Manpreet Khaira, Lip-Bu Tan to terms through 2027 AGM.
Credo Technology reports Q1 FY2025 revenue $59.7M, up 70% YoY; non-GAAP net income $7.0M
GAAP net loss of $(9.5)M ($(0.06) diluted EPS); non-GAAP net income of $7.0M ($0.04 diluted EPS).
Credo Technology names James Laufman as Chief Legal Officer, succeeding Katherine Schuelke
James Laufman will join as Chief Legal Officer and Secretary, effective August 19, 2024.
Q4 revenue $60.8M (+89% YoY); FY2024 record $193M; guides Q1 rev $58-61M
GAAP net loss $10.5M ($0.06 loss per share); non-GAAP net income $11.8M ($0.07 EPS).
Credo Technology appoints Clyde Hosein to board of directors effective April 3, 2024
Board size increased from 8 to 9; Hosein appointed as Class III director with term expiring at 2024 annual meeting.
Credo Q3 FY24 revenue $53.1M (+20% QoQ); guides Q4 revenue $59-62M
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).
Credo names Kate Schuelke as new Chief Legal Officer; former GC steps down
Adam Thorngate-Gottlund steps down as General Counsel and Secretary, effective Jan 25, 2024.
Closed public offering of ordinary shares on Dec 8, 2023, including full exercise of underwriters' over-allotment option.
Credo Technology prices $175M underwritten public offering of 10M shares at $17.50
Company to issue 8.94M shares; selling shareholders (incl. board/management) to sell 1.06M shares.
Credo Q2 FY2024 revenue $44M, up 25% QoQ; non-GAAP net income $1.2M
Revenue $44.0M, 25% sequential growth; GAAP net loss $6.6M ($0.04 diluted EPS loss).
Credo Technology shareholders elect Class II directors and ratify auditor at 2023 AGM
Pantas Sutardja, David Zinsner, and Sylvia Acevedo elected as Class II directors with 99.5M, 101.2M, and 93.6M votes for, respectively.
Credo Tech Q1 FY2024 rev $35.1M (+9% QoQ), net loss $11.7M; Q2 guidance $42-44M
Q1 revenue $35.1M, up 9% quarter-over-quarter; GAAP net loss $11.7M ($0.08 per share), non-GAAP net loss $4.7M ($0.03).
Credo Q4 revenue down 14.5% YoY to $32.1M; full-year revenue up 73% to $184M
Q4 GAAP net loss $15.9M ($0.11 diluted loss per share); non-GAAP net loss $5.7M ($0.04/share).
Credo Technology Q3 revenue $54.3M, up 71% YoY; Q4 guidance $30-32M signals sharp decline
Revenue $54.3M (+71% YoY, +6% QoQ); GAAP diluted EPS $0.02, non-GAAP $0.05.
Credo Technology: largest customer cuts demand; Q4 FY23 revenue guidance $30-32M; FY24 flat YoY
Largest customer reduced demand forecast for certain Credo products (unrelated to performance); market share expected unaffected.
Credo Technology reports Q2 FY23 record revenue $51.4M, up 94% YoY; guides Q3 $54-56M
Record revenue of $51.4M in Q2 FY23, up 11% QoQ and 94% YoY.
Credo Technology shareholders elect three Class I directors and ratify auditor
Class I directors elected: William Brennan (86.7M for), Chi Fung Cheng (86.4M), Yat Tung Lam (86.2M).
Credo Q1 FY2023 revenue $46.5M, up 24% QoQ; guides Q2 $48.5-52.5M, +91% YoY
Revenue $46.5M, up 24% QoQ from $37.5M; product revenue up 37% sequentially.
Credo reports FY2022 results without specific figures in 8-K; adopts 4-4-5 fiscal calendar
Issued press release for fiscal year ended April 30, 2022; detailed financial results not included in filing.
Credo warns China COVID lockdowns disrupt manufacturing; revenue guidance at risk
On April 12, 2022, a supplier notified Credo of manufacturing disruptions due to government COVID lockdowns in China.
Credo Q3 revenue $31.8M (+136% YoY); IPO net proceeds $171.9M; Q4 guide $37-41M
Q3 revenue $31.8M (+136% YoY); GAAP net loss $0.1M; non-GAAP net income $2.4M ($0.03 diluted EPS).
Underwriters exercised option to purchase 3,000,000 additional ordinary shares at $10.00 per share.
Credo Technology completes IPO of 20M shares at $10/share; preferred shares converted
IPO closed on Jan 31, 2022: 20,000,000 ordinary shares sold at $10.00 per share on Nasdaq under CRDO.
On March 19, 2025, David Zinsner, a member of the board of directors (the "Board") of Credo Technology Group Holding Ltd (the "Company"), resigned from the Board, effective March 19, 2025.
the Board has appointed William J. Brennan, Chief Executive Officer and President of the Company and a member of the Board, to replace Mr. Tan as chairman of the Board.
the Board has also appointed Sylvia Acevedo, an independent member of the Board, as lead independent director, effective March 20, 2025.
Further, Lip-Bu Tan, a member of the Board who was recently appointed as the chief executive officer of Intel Corporation, has stepped down as chairman of the Board and each applicable committee thereof, but will remain a member of the Board.
the Board elected Fariba Danesh to fill the vacancy as a Class II director
On April 1, 2024, the Board of Directors (the "Board") of Credo Technology Group Holding Ltd (the "Company") increased the number of directors of the company from eight to nine and appointed Clyde Hosein to serve on the Board as a Class III director, effective April 3, 2024, with a term expiring on the Company’s annual meeting of stockholders in 2024.
On January 3, 2024, Adam Thorngate-Gottlund, the General Counsel and Secretary of Credo Technology Group Holding Ltd (the “Company”), notified the Company that he will be stepping down from his position with the Company, effective January 25, 2024.
Max materiality 0.90 · Median 0.75 · Most common event earnings