CRDO SEC Filings

Credo Technology Group Holding Ltd (CRDO) reported a significant surge in revenue for fiscal year 2026, reaching $1.3 billion, a substantial increase from $436.8 million in fiscal year 2025. This growth was primarily driven by a dramatic increase in the volume of Active Electrical Cable (AEC) shipments to hyperscale data center customers, which contributed over 99% of the revenue increase. The company also demonstrated strong profitability, achieving a net income of $472.3 million in fiscal year 2026, a significant turnaround from a net loss in the prior year. This strong financial performance is underpinned by Credo's focus on high-speed connectivity solutions critical for AI infrastructure, leveraging its proprietary SerDes and DSP technologies. The company's strategic focus on extending its SerDes leadership, broadening its product portfolio, and acquiring new customers appears to be yielding positive results. Significant investments in research and development, totaling $279.4 million in fiscal year 2026, highlight a commitment to innovation, particularly in areas like microLED technology and memory fanout solutions to address AI memory constraints. Despite substantial revenue growth and improved profitability, investors should note the continued customer concentration, with the top 10 customers accounting for approximately 90% of revenue in fiscal year 2026, and two customers representing over 10% each. The company also executed a substantial equity raise of $736.3 million via an ATM offering to fund its growth initiatives.

Credo Technology Group Holding Ltd (CRDO) has filed an 8-K detailing its fiscal year-end results and a significant equity award for its CEO. The company announced financial results for the fiscal year ended May 2, 2026, though specific figures are only referenced as being in an attached press release. Of greater immediate investor interest is the approval of a special performance-based equity award for CEO William Brennan, consisting of performance-based restricted stock units (Special PSUs). This award is intended to incentivize long-term value creation and retention, with a five-year performance period ending June 30, 2031. The Special PSUs are 100% performance-based, contingent on achieving ambitious revenue and stock price growth hurdles. The award design emphasizes substantial outperformance relative to the company's strategic plan, with the potential for Mr. Brennan to earn approximately 1.7 million Ordinary Shares upon meeting these targets, which include reaching $5 billion in trailing four-quarter revenue and significant stock price appreciation.

Credo Technology Group Holding Ltd (CRDO) announced on April 13, 2026, a significant strategic acquisition of DustPhotonics Ltd., an Israeli company specializing in optical interconnect solutions. The deal involves upfront consideration of $750 million in cash and approximately 0.92 million CRDO ordinary shares. Additionally, there's a potential for contingent consideration of up to 3.21 million ordinary shares, contingent on the achievement of specific financial milestones, indicating management's confidence in future performance. This acquisition is expected to bolster Credo's product portfolio and expand its reach in the optical interconnect market. The issuance of new shares for this acquisition is being conducted under exemptions from registration requirements, specifically Section 4(a)(2) and Regulation D/S, with recipients granted customary piggyback registration rights. Investors should note the forward-looking nature of statements related to this acquisition and potential future performance, with inherent risks and uncertainties as detailed in the filing.

Credo Technology Group Holding Ltd (CRDO) reported a highly successful third quarter for fiscal year 2026, demonstrating exceptional top-line growth and a significant improvement in profitability. Revenue surged by over 200% year-over-year, driven by a substantial ramp-up in Active Electrical Cable (AEC) product shipments, particularly to hyperscale data center customers. This robust revenue growth, coupled with improved economies of scale, led to a significant expansion in gross margin, which increased by approximately 4.9 percentage points. The company also achieved substantial profitability growth, with net income increasing dramatically compared to the prior year's period. While operating expenses, particularly in Research & Development and Selling, General & Administrative, have increased in absolute terms to support growth and acquisitions, they have decreased as a percentage of revenue, indicating strong operational leverage. The company ended the quarter with a strong cash position and positive operating cash flow, reflecting its robust financial health and ability to fund future growth initiatives, including a recent acquisition to bolster its optical interconnect solutions.

Credo Technology Group Holding Ltd (CRDO) has filed an 8-K report on March 2, 2026, to announce its financial results for the fiscal quarter ended January 31, 2026. While the full details of the financial performance are contained within the furnished press release (Exhibit 99.1), this filing primarily serves as a notification mechanism for the market. Investors should refer to the press release for critical information regarding revenue, profitability, and any forward-looking guidance provided by the company. It is important to note that the information provided in this Item 2.02 is not considered "filed" for regulatory purposes, meaning it does not carry the same liability under Section 18 of the Exchange Act as formally filed financial statements. However, it remains a key source for timely updates on the company's financial standing.

Credo Technology Group Holding Ltd (CRDO) has issued a press release on February 9, 2026, providing an important update regarding its financial performance. The company preannounced unaudited revenue results for the third quarter of fiscal year 2026, indicating a significant development in its financial reporting cycle. Furthermore, Credo has updated its previously issued sequential revenue growth guidance for the fourth quarter of fiscal year 2026. Investors should closely examine the details within the attached press release (Exhibit 99.1) to understand the magnitude of these updates and their potential implications for the company's future performance and valuation. This preannouncement suggests a proactive approach to informing stakeholders about key financial metrics ahead of the official earnings release.

Credo Technology Group Holding Ltd reported a strong financial performance for the six months ended November 1, 2025, showcasing significant year-over-year growth. Total revenue more than tripled to $491.1 million, primarily driven by a substantial increase in product sales, particularly Active Electrical Cables (AECs) to hyperscale data center customers. The company also achieved profitability, with net income reaching $146.0 million for the period, a stark contrast to the net loss reported in the prior year. Financially, Credo strengthened its balance sheet with a significant increase in cash and cash equivalents to $567.6 million, bolstered by a successful At-The-Market (ATM) offering that raised $384.6 million in net proceeds. The company also completed a strategic acquisition of Hyperlume, Inc., aimed at expanding its microLED technology portfolio for chip-to-chip communication, adding goodwill and intangible assets to its balance sheet. Despite increased operating expenses related to growth and share-based compensation, the company maintained a healthy gross margin of 67.5% and demonstrated improved operating leverage.

Credo Technology Group Holding Ltd (CRDO) has filed an 8-K on December 1, 2025, to report its financial results for the fiscal quarter ended November 1, 2025. The primary purpose of this filing is to furnish the accompanying press release (Exhibit 99.1) which contains the detailed financial outcomes. Investors should note that this information, while important for understanding the company's performance, is furnished and not deemed "filed" under Section 18 of the Exchange Act. This means it is not subject to the liabilities associated with formal SEC filings for the purpose of determining liability for misstatements or omissions. This report serves as the official channel for disseminating the company's quarterly financial performance to the public. Investors and analysts will need to refer to Exhibit 99.1 for the specific revenue, profitability, and other key financial metrics. The filing also includes the interactive data file for the cover page, facilitating easier data extraction and analysis. While the 8-K itself is procedural, the press release it incorporates will contain the substantive operational and financial insights investors require.

Credo Technology Group Holding Ltd (CRDO) announced a change in its Board of Directors through an 8-K filing on October 29, 2025. Lip-Bu Tan has resigned from the Board, a departure noted to be without disagreement regarding the Company's operations or policies. This vacancy has been filled by the appointment of Brian Kelleher as a Class III director, effective October 27, 2025. Mr. Kelleher brings a wealth of experience to Credo's Board, having served in senior hardware engineering leadership roles at NVIDIA for nearly two decades, including leading GPU product development. His extensive background in hardware engineering, dating back to founding Dynamic Pictures and his tenure at Digital Equipment Corp., is expected to be valuable to the Company. Mr. Kelleher has been deemed an independent director and will be compensated according to the Company's standard non-employee director compensation policy.

Credo Technology Group Holding Ltd (CRDO) filed an 8-K report on October 16, 2025, detailing the results of its 2025 Annual General Meeting held on October 13, 2025. The meeting focused on shareholder votes regarding director elections, executive compensation, and the ratification of the independent auditor. Overall, the outcomes indicate strong shareholder support for the company's current leadership and governance practices. The key outcomes show that all three nominated Class I directors were successfully elected to serve until the 2028 Annual General Meeting. Additionally, shareholders approved, on an advisory basis, the compensation of the named executive officers. Finally, the selection of Ernst & Young LLP as the company's independent registered public accounting firm for the upcoming fiscal year was ratified, reflecting confidence in the external audit process.

Credo Technology Group Holding Ltd. has announced an "at-the-market" equity offering program, entering into an Equity Distribution Agreement with Goldman Sachs & Co. LLC. This agreement allows Credo to sell up to $750 million of its ordinary shares over time. The sales will be conducted through ordinary brokers' transactions on Nasdaq or other trading venues, or through market makers, offering flexibility in how the shares are distributed. This move suggests the company is looking to raise capital opportunistically, potentially to fund growth initiatives, acquisitions, or for general corporate purposes.

Credo Technology Group Holding Ltd. reported a significantly strong first quarter for fiscal year 2026, with total revenue soaring to $223.1 million, a remarkable 273.6% increase year-over-year. This surge was predominantly driven by a 278.6% rise in product sales revenue, largely attributed to the ramp-up of their Active Electrical Cable (AEC) solutions for hyperscale data centers. The company successfully transitioned from a net loss of $9.5 million in the prior year's comparable quarter to a net income of $63.4 million, marking a significant improvement in profitability. Gross margin also expanded by 5.0 percentage points to 67.4%, benefiting from improved economies of scale. Despite substantial increases in operating expenses, particularly in R&D and SG&A due to higher share-based compensation and personnel costs, the company's revenue growth outpaced these increases, leading to a healthy operating income of $60.7 million. The balance sheet shows a strong liquidity position with total assets reaching $905.2 million and a substantial working capital of $695.2 million. Management expressed confidence in the company's ability to meet its financial needs for at least the next 12 months, supported by existing cash reserves and operating cash flow generation.

Credo Technology Group Holding Ltd (CRDO) has filed an 8-K on September 3, 2025, to report its financial results for the fiscal quarter ended August 2, 2025. The primary purpose of this filing is to provide investors with access to the company's latest financial performance data, as detailed in the accompanying press release furnished as Exhibit 99.1. Investors should note that the information provided under Item 2.02, including the press release, is furnished and not deemed "filed" for regulatory purposes, meaning it does not carry the same liabilities under Section 18 of the Exchange Act and will not be automatically incorporated into other securities filings.

Credo Technology Group Holding Ltd (CRDO) reported significant revenue growth in fiscal year 2025, driven primarily by a substantial increase in product sales, particularly in Active Electrical Cables (AECs). Total revenue surged by 126.3% to $436.8 million, with product sales contributing 94.4% of this revenue, up from 75.2% in the prior year. This shift reflects a strategic move towards product-centric revenue streams, with IP license revenue decreasing to 2.9% from 14.5%. The company achieved profitability in fiscal year 2025, reporting a net income of $52.2 million, a marked improvement from a net loss of $28.4 million in fiscal year 2024. This turnaround is supported by a gross margin expansion to 64.8%, driven by economies of scale in product sales. Despite strong growth, the company continues to rely heavily on a few key customers, with one customer accounting for 67% of fiscal year 2025 revenue, highlighting a significant concentration risk. Credo is well-positioned to capitalize on the growing demand for high-speed connectivity in AI, cloud computing, and hyperscale networks. The company's investment in R&D, particularly in SerDes and DSP technologies, fuels its competitive advantage. However, investors should remain aware of the substantial customer concentration, the competitive landscape, and the ongoing investments required in R&D to maintain its market leadership.

Credo Technology Group Holding Ltd (CRDO) has filed an 8-K on June 2, 2025, to report its financial results for the fiscal year ended May 3, 2025. The core of this filing is the press release (Exhibit 99.1) detailing the company's performance. While the 8-K itself does not provide the numerical results, it serves as the official notification that these results have been publicly disclosed through the press release. Investors should refer to the furnished press release (Exhibit 99.1) for specific financial figures, including revenue, profitability, and any forward-looking guidance. This 8-K filing is primarily a procedural step to ensure compliance with SEC regulations regarding the timely dissemination of material financial information.

Credo Technology Group Holding Ltd (CRDO) has announced significant changes to its Board of Directors, effective March 19-20, 2025. David Zinsner has resigned from the Board, a move stated to be without disagreement with the company. Concurrently, Lip-Bu Tan, while remaining on the Board, has stepped down as Chairman. These transitions have led to key leadership appointments aimed at maintaining board governance and independence.

Credo Technology Group Holding Ltd (CRDO) reported a strong third quarter for fiscal year 2025, showcasing significant revenue growth and a return to profitability. Total revenue surged by 154.4% year-over-year to $135.0 million, driven predominantly by a substantial increase in product sales, particularly Active Electrical Cables (AECs) to a hyper-scaler customer. This robust top-line performance translated into a healthy gross profit of $85.9 million, with gross margin improving to 63.6% from 61.4% in the prior year period. The company also achieved a significant turnaround in profitability, reporting a net income of $29.4 million, a stark contrast to the nominal net income in the prior year's quarter and a net loss in the comparable nine-month period. Despite increased investments in Research and Development (R&D) and Selling, General, and Administrative (SG&A) expenses, driven by hiring and share-based compensation, the company managed to improve its operating income. The balance sheet remains strong, with cash and cash equivalents nearly quadrupling to $299.2 million from $66.9 million at the prior fiscal year-end, indicating sound liquidity. Investors should note the continued customer concentration, with a few customers accounting for a significant portion of revenue, and the company's ongoing investment in growth initiatives.

Credo Technology Group Holding Ltd (CRDO) has filed an 8-K report on March 4, 2025, primarily announcing its financial results for the fiscal quarter ended February 1, 2025. While the full financial details are within the furnished press release (Exhibit 99.1), the filing itself serves as notification of these results. Investors should refer to the press release for specific revenue figures, profitability metrics, and forward-looking guidance. This filing is crucial for understanding Credo's recent performance and outlook. The information provided is key to assessing the company's operational success, its ability to meet market expectations, and its strategic trajectory within the semiconductor industry. It's important to note that the information furnished under Item 2.02 is not considered 'filed' for the purposes of certain SEC regulations, meaning it does not automatically become part of previously filed registration statements.

Credo Technology Group Holding Ltd (CRDO) reported a significant increase in revenue for the six months ended November 2, 2024, up 66.5% year-over-year to $131.7 million. This growth was primarily driven by a substantial rise in product sales, up 84.0% to $118.3 million, indicating strong market adoption of their connectivity solutions, particularly in AEC and Optical products. Despite revenue growth, the company reported a net loss of $13.8 million for the six-month period, a slight improvement from the $18.3 million net loss in the prior year. The company also saw a decrease in IP license revenue. The balance sheet shows a healthy increase in cash and cash equivalents to $239.2 million from $66.9 million at the start of the fiscal year, suggesting solid cash generation and management. Operating expenses, particularly R&D and SG&A, have increased year-over-year, reflecting investments in product development and growth initiatives. The company believes its current cash position is sufficient for at least the next 12 months, but notes potential future financing needs. Investors should note the continued revenue concentration from a few key customers, although the company expects this to decrease with broader adoption. The company's focus on high-speed connectivity solutions for the data infrastructure market, driven by AI, appears to be translating into strong top-line growth, but profitability remains a key area for future improvement.

Credo Technology Group Holding Ltd (CRDO) filed an 8-K on December 2, 2024, primarily to announce its financial results for the fiscal quarter ended November 2, 2024. The report itself is brief, referencing a furnished press release (Exhibit 99.1) which contains the detailed financial outcomes and operational highlights for the period. Investors should refer to this press release for specific figures regarding revenue, profitability, and any forward-looking statements or guidance provided by the company. While the 8-K itself does not contain the financial data, its purpose is to formally disclose these results to the market. The filing also includes the interactive data file (XBRL) for the cover page, facilitating easier analysis of the reported information. It's crucial to note that the information furnished in this 8-K, including Exhibit 99.1, is not considered "filed" under Section 18 of the Exchange Act, meaning it does not carry the same liability as formally filed documents, nor is it automatically incorporated by reference into other SEC filings.

Credo Technology Group Holding Ltd (CRDO) filed an 8-K on October 22, 2024, reporting on the outcomes of its 2024 Annual General Meeting held on October 21, 2024. The key takeaway for investors is the strong shareholder support for all proposals presented, indicating alignment between management and its owners on critical governance and operational matters. Specifically, all three Class III director nominees were elected, the executive compensation was approved on an advisory basis, the amended and restated employee stock purchase plan received shareholder approval, and Ernst & Young LLP was ratified as the independent registered public accounting firm for the upcoming fiscal year. The overwhelming 'for' votes across all resolutions signal confidence in the company's leadership and strategic direction.

Credo Technology Group Holding Ltd (CRDO) reported a significant increase in revenue for the three months ended August 3, 2024, reaching $59.7 million, a 70.1% jump year-over-year, primarily driven by strong performance in product sales, notably Active Electrical Cables (AECs). Despite this revenue growth, the company continued to incur net losses, amounting to $9.5 million for the quarter, compared to $11.7 million in the prior year period. This indicates ongoing investment in research and development and selling, general, and administrative expenses, which increased substantially, particularly due to higher share-based compensation and personnel costs. The balance sheet shows a healthier cash position, with cash and cash equivalents rising to $103.9 million from $66.9 million in the previous quarter, supported by positive net cash from investing activities. However, operating cash flow was negative, a key area for investors to monitor. The company reiterates its belief that current cash and working capital are sufficient for at least the next 12 months. Investors should closely watch the company's path to profitability and its ability to manage increasing operating expenses while scaling revenue.

Credo Technology Group Holding Ltd (CRDO) announced its financial results for the fiscal quarter ended August 3, 2024, via a press release filed on September 4, 2024. This 8-K filing primarily serves to furnish the earnings release, which contains the detailed financial performance and operational updates for the period. Investors should review the press release (Exhibit 99.1) for specific figures regarding revenue, profitability, and forward-looking guidance. While the 8-K itself is brief and doesn't provide new financial data, it directs stakeholders to the accompanying press release for crucial insights into the company's performance and outlook. This includes key financial metrics and any commentary from management on business trends, market conditions, and strategic initiatives. It's important to note that the information furnished under Item 2.02 is not considered "filed" for liability purposes under Section 18 of the Exchange Act.

Credo Technology Group Holding Ltd (CRDO) announced a significant leadership change in its legal department via an 8-K filing on August 12, 2024. James Laufman is set to join the company as the new Chief Legal Officer (CLO) and Secretary, effective August 19, 2024. This appointment is a key event for investors as it brings new legal leadership into a critical executive role within the company. The transition indicates ongoing strategic adjustments within Credo's management team, aiming to strengthen its corporate governance and legal operations.

Credo Technology Group Holding Ltd (CRDO) reported a fiscal year 2024 revenue of $193.0 million, a slight increase from $184.2 million in fiscal year 2023. The company, a provider of high-speed and power-efficient connectivity solutions for the data infrastructure market, saw growth in product engineering services and product sales, although IP license revenue saw a decline. Despite revenue growth, the company incurred a net loss of $28.4 million in fiscal year 2024, an increase from a net loss of $16.5 million in fiscal year 2023, primarily due to significant investments in research and development. The company continues to benefit from secular tailwinds in the data infrastructure market, driven by AI/ML and increasing network traffic, positioning it to capitalize on future demand. Financially, Credo ended fiscal year 2024 with $66.9 million in cash and cash equivalents and a working capital of $485.6 million. The company's growth strategy focuses on extending its leadership in SerDes technologies, broadening its product portfolio, acquiring new customers, and deepening relationships with existing ones. A key risk remains the high customer concentration, with the top 10 customers accounting for 86% of revenue in fiscal year 2024, including two customers representing 39% and 15% respectively.

Credo Technology Group Holding Ltd (CRDO) has filed an 8-K report on May 29, 2024, primarily to announce its financial results for the fiscal year ended April 27, 2024, via an accompanying press release (Exhibit 99.1). While the specific financial figures are not detailed within the 8-K itself, this filing serves as the official notification of the release of these results. Investors should refer to the furnished press release for detailed information on the company's performance, including revenue, profitability, and any forward-looking guidance. The filing also includes the cover page data in Inline XBRL format.

Credo Technology Group Holding Ltd (CRDO) announced a significant update to its Board of Directors through an 8-K filing on April 2, 2024. The company has appointed Clyde Hosein as a new Class III director, expanding the Board from eight to nine members. Mr. Hosein's appointment is effective April 3, 2024, and he has been deemed an independent director by Nasdaq standards. His addition to the Board, particularly his role on the audit committee, is expected to bring valuable financial expertise to the company. Mr. Hosein brings a wealth of experience, with over 25 years as a CFO for publicly traded companies and current board memberships at Dentsply Sirona Inc. and Wolfspeed. His track record includes leadership roles at prominent technology and software companies like AliveCor, Automation Anywhere, and RingCentral, as well as earlier significant positions at Marvell Technology Group and IBM. The company has outlined a compensation package for Mr. Hosein that includes annual cash retainers for his director and audit committee services, along with initial and ongoing equity awards designed to align his interests with those of the company and its shareholders.

Credo Technology Group Holding Ltd (CRDO) reported its third-quarter fiscal year 2024 results, showing a slight sequential revenue decrease but highlighting a significant shift in revenue mix towards higher-margin product engineering services. Total revenue for the quarter was $53.1 million, down 2.2% year-over-year, primarily due to a substantial decline in IP license revenue, which was partially offset by growth in product sales and a strong increase in product engineering services. The nine-month revenue also declined year-over-year, largely driven by lower product sales and IP license revenue, despite an increase in product engineering services. Despite the revenue dip, the company's gross margin improved to 61.4% for the quarter, up from 58.9% in the prior year period, driven by the favorable shift in revenue mix towards higher-margin services and improved product sales margins. Financially, the company ended the period with $96.1 million in cash and cash equivalents and positive working capital of $471.2 million. The company also successfully completed a follow-on public offering in December 2023, raising $173.4 million in net proceeds, strengthening its liquidity position. While the company experienced an operating loss for the quarter, the net income for the three-month period was positive at $0.4 million. Looking ahead, Credo anticipates its current cash and equivalents will be sufficient to meet its needs for at least the next 12 months.

Credo Technology Group Holding Ltd (CRDO) filed an 8-K on February 27, 2024, primarily to announce its financial results for the fiscal quarter ended January 27, 2024. The key takeaway for investors is the release of these financial results, which are detailed in an accompanying press release furnished as Exhibit 99.1. This report serves as the official notification of the company's performance for the period and is crucial for assessing its current financial health and future prospects. Investors should closely examine the press release (Exhibit 99.1) for specific details regarding revenue, profitability, key performance indicators, and any management commentary on business trends, market conditions, and forward-looking statements. While this 8-K filing itself is brief, it directs stakeholders to the comprehensive financial data and analysis provided in the press release. It's important to note that the information furnished under Item 2.02 is generally not considered 'filed' for liability purposes under the Exchange Act, but it remains a primary source for understanding the company's most recent operational and financial standing.

Credo Technology Group Holding Ltd (CRDO) has filed an 8-K report on January 9, 2024, announcing key changes in its executive leadership. The report details the departure of Adam Thorngate-Gottlund as General Counsel and Secretary, effective January 25, 2024. This departure marks a transition in the company's legal leadership. In conjunction with this, the company announced the appointment of Katherine E. Schuelke as its new Chief Legal Officer and Secretary, effective January 26, 2024. This strategic hire aims to ensure continuity and strengthen the legal and corporate governance functions of Credo Technology Group. Investors should monitor the integration of Ms. Schuelke into the company and the impact of these leadership changes on strategic initiatives.

Credo Technology Group Holding Ltd (CRDO) announced the closing of its public offering of ordinary shares on December 8, 2023. The offering involved the sale of 8,940,000 ordinary shares by the Company and 1,060,000 ordinary shares by selling shareholders, all at a price of $17.50 per share. Notably, the underwriters fully exercised their option to purchase an additional 1,500,000 ordinary shares from the Company, indicating strong demand for the offering. This successful completion of the offering, including the exercise of the overallotment option, suggests positive investor sentiment towards Credo Technology. The funds raised will likely strengthen the company's financial position, potentially supporting its growth initiatives and strategic investments in the high-speed connectivity market. Investors should monitor how the company deploys these additional capital resources.

Credo Technology Group Holding Ltd (CRDO) has announced an underwritten public offering of its ordinary shares. The offering involves the sale of 8,940,000 shares by the company and 1,060,000 shares by selling shareholders, including company insiders, at a price of $17.50 per share. The total gross proceeds from this offering are expected to be approximately $175 million. It's important for investors to note that while the company will receive the majority of the proceeds ($156.5 million), the selling shareholders, which include members of management and the board, will receive $18.6 million. The underwriters also have a 30-day option to purchase an additional 1.5 million shares. The offering is expected to close around December 8, 2023. This move is likely intended to provide the company with additional capital for its operations or growth initiatives, while also allowing insiders to divest some of their holdings.

Credo Technology Group Holding Ltd (CRDO) reported a decrease in total revenue for the second quarter and first half of fiscal year 2024 compared to the prior year, primarily driven by a decline in product sales, particularly Active Electrical Cables (AECs), due to reduced demand from a major customer. While product sales weakened, IP license revenue saw a significant increase in the quarter, contributing to a higher overall gross margin. Despite revenue challenges, the company is investing heavily in Research and Development (R&D) to support future product development, leading to increased operating expenses. Financially, the company has a solid cash position but experienced a net loss in both the current quarter and year-to-date period. The balance sheet shows an increase in cash and cash equivalents and a healthy working capital. Management believes current cash is sufficient for at least the next 12 months. Investors should monitor the impact of the reduced demand from a key customer and the company's ability to drive future revenue growth through new product adoption and expanding customer base.

Credo Technology Group Holding Ltd (CRDO) filed an 8-K on November 29, 2023, primarily to announce its financial results for the fiscal quarter ended October 28, 2023. While the 8-K itself does not contain the detailed financial figures, it references a furnished press release (Exhibit 99.1) which holds this crucial information. Investors should refer to this press release for specifics on revenue, profitability, and any forward-looking guidance provided by the company for the upcoming periods. The filing serves as a notification to the market regarding the release of these results. It's important for investors to note the standard disclaimer that the information furnished under Item 2.02 is not considered 'filed' for certain sections of securities law, meaning it doesn't carry the same liability implications as a formally filed document. However, the content of the press release remains the key takeaway for understanding Credo's recent financial performance and outlook.

Credo Technology Group Holding Ltd (CRDO) held its 2023 Annual General Meeting on October 17, 2023, as detailed in their October 18, 2023, 8-K filing. The meeting addressed key governance matters, including the election of directors, advisory votes on executive compensation frequency, and the ratification of their independent auditor. The results indicate strong shareholder support for the company's proposed director nominees and the continued engagement of Ernst & Young LLP as their auditor. The advisory vote on the frequency of executive compensation votes also showed a clear preference for an annual vote. Overall, the outcomes suggest shareholder confidence in the company's current leadership and financial oversight.

Credo Technology Group Holding Ltd reported a significant revenue decline of 24.5% year-over-year for the second quarter of fiscal year 2024, ending July 29, 2023. Total revenue was $35.1 million, down from $46.5 million in the prior year period. This decrease was primarily driven by a substantial 73.3% drop in IP license revenue, largely due to a large one-time license delivered in the prior year, and a 14.8% decrease in product sales, attributed to a demand forecast reduction by a major customer. Despite the revenue challenges, gross margin remained stable at 59.2%. However, operating expenses increased significantly, leading to a wider net loss of $11.7 million, compared to a nominal loss of $0.1 million in the same period last year. The company is investing heavily in Research & Development, with expenses increasing by 35.7% year-over-year, reflecting a strategic focus on future product development.

Credo Technology Group Holding Ltd (CRDO) has filed an 8-K report on August 24, 2023, to announce its financial results for the fiscal quarter ended July 29, 2023. While the filing itself is brief, it directs investors to a furnished press release (Exhibit 99.1) for detailed financial performance. This is a standard procedure for disseminating quarterly earnings information, allowing the company to provide comprehensive details and commentary on its operational and financial condition in a timely manner. Investors should focus on the content of the press release for a thorough understanding of CRDO's performance during the quarter. Key areas to scrutinize within the press release will include revenue growth, profitability metrics, operating expenses, cash flow generation, and any forward-looking guidance provided by management. These elements are crucial for assessing the company's current health and future prospects.

Credo Technology Group Holding Ltd (CRDO) reported its fiscal year 2023 results, highlighting significant revenue growth driven by product sales and IP licensing. While total revenue increased substantially, the company continues to operate at a net loss, though the magnitude of this loss has decreased compared to the prior year. The company's balance sheet shows a decrease in cash and cash equivalents, offset by an increase in short-term investments and accounts receivable, indicating a shift in liquidity management and potentially increased sales on credit. Key operational aspects include a strong focus on research and development, which, alongside selling, general, and administrative expenses, contributed to the operating loss. The company also noted a significant increase in inventories, which warrants monitoring for potential obsolescence or slow-moving stock. Despite the ongoing net loss, the company's IPO in January 2022 has provided a stronger financial footing, and it continues to invest in its growth initiatives, particularly in high-speed connectivity solutions for optical and electrical Ethernet applications.

Credo Technology Group Holding Ltd (CRDO) filed an 8-K on May 31, 2023, to announce its financial results for the fiscal year ended April 29, 2023. The key takeaway from this filing is the issuance of a press release containing these financial results, which is furnished as Exhibit 99.1. Investors should refer to this press release for detailed financial performance information, including revenue, profitability, and any forward-looking guidance provided by the company. This 8-K primarily serves as a notification and furnishing of the press release. While the filing itself is brief, the accompanying press release is the substantive document for understanding Credo's recent financial performance and outlook. Investors are encouraged to review the press release in its entirety to gain a comprehensive understanding of the company's financial condition and operational results for the reported fiscal year.

Credo Technology Group Holding Ltd (CRDO) filed its 10-K/A on April 5, 2023, providing a comprehensive overview of its financial performance and business operations. While the provided excerpt focuses on the exhibits and financial statement schedules, it indicates the company is adhering to regulatory requirements. Investors should refer to the full 10-K/A filing for detailed financial statements, management's discussion and analysis, risk factors, and other crucial information that would offer deeper insights into the company's financial health, strategic direction, and growth prospects. The incorporation by reference of previously filed exhibits suggests a stable reporting structure.

Credo Technology Group Holding Ltd (CRDO) reported a strong third quarter for fiscal year 2023, with total revenue increasing by 70.7% year-over-year to $54.3 million. This growth was primarily driven by significant increases in product sales and IP license revenue, fueled by the ramp-up of Active Electrical Cables (AECs) and substantial IP license deals. The company achieved profitability in the quarter, reporting a net income of $2.8 million, a notable improvement from the net loss in the prior year period. Despite the strong revenue growth and improved profitability, operating expenses, particularly in Research and Development, increased significantly due to new hires and increased design activities, impacting the operating loss in the current quarter. For the nine-month period, total revenue more than doubled year-over-year, reaching $152.1 million, also predominantly driven by product sales and IP licenses. While the company generated a net loss for the nine-month period, it shows a substantial improvement compared to the prior year's loss. Management highlighted strong design wins and continued innovation as key drivers for future growth, while also acknowledging the potential impact of macroeconomic conditions and a recent reduction in demand forecast from their largest customer. The company ended the quarter with a healthy cash position of $123.8 million, although lower than the previous year, and sufficient working capital to meet its needs for at least the next 12 months.

Credo Technology Group Holding Ltd (CRDO) filed an 8-K on March 1, 2023, to announce its financial results for the fiscal quarter ended January 28, 2023. The report primarily directs investors to the press release furnished as Exhibit 99.1 for detailed financial and operational information. Investors should refer to this press release for specifics on revenue, profitability, and any forward-looking guidance provided by the company. It is important to note that the information furnished under Item 2.02 and Exhibit 99.1 is not considered 'filed' for legal liability purposes under Section 18 of the Exchange Act, nor is it automatically incorporated into other SEC filings.

Credo Technology Group Holding Ltd. (CRDO) has announced a significant update impacting its near-term revenue outlook. The company's largest customer has revised its demand forecast downwards for specific products, a move Credo attributes to factors external to its own performance and does not expect to affect its market share with that customer. This reduction, compounded by prevailing macroeconomic headwinds, has led Credo to adjust its fiscal fourth quarter revenue projection (ending April 29, 2023) to a range of $30 million to $32 million. Looking ahead, Credo anticipates its full fiscal year revenue ending April 27, 2024, will be flat compared to the current fiscal year. Despite this short-term pressure, the company projects sequential revenue growth starting from a low point in either Q4 FY23 or Q1 FY24 and expects its long-term financial model to remain consistent. Credo is actively managing operating expenses to align with future growth and profitability, while expressing continued confidence in the underlying technological trends and the demand for its connectivity solutions.

Credo Technology Group Holding Ltd (CRDO) reported its fiscal second-quarter 2023 results, showing significant year-over-year revenue growth driven by strong performance in product sales. Total revenue surged by 94.4% to $51.4 million for the quarter, and an impressive 163.3% to $97.8 million for the first six months. This growth was primarily fueled by increased unit shipments of Active Electrical Cables (AECs) and a substantial IP license deal contributing significantly to the six-month period. Despite the revenue surge, the company reported a net loss of $3.4 million for the quarter, an improvement from a $4.1 million loss in the prior year, and a net loss of $3.4 million for the six-month period, a considerable reduction from $16.7 million in the prior year. The company's gross margin saw a slight decrease to 54.4% in the quarter, attributed to a shift in revenue mix towards product sales which carry lower margins than IP licensing. Operating expenses, particularly in Research and Development and Selling, General & Administrative, increased due to higher personnel costs, share-based compensation, and investments in product development and public company compliance. The company ended the period with a solid cash position of $190.5 million, though net cash used in operating activities was $10.5 million for the six-month period, largely due to working capital movements.

Credo Technology Group Holding Ltd (CRDO) filed an 8-K on November 30, 2022, to announce its financial results for the fiscal quarter ended October 29, 2022. The core of this filing is the furnished press release (Exhibit 99.1), which provides the company's performance data for the period. Investors should refer to this press release for specific financial metrics and operational updates. While the 8-K itself does not contain the detailed financial results, it formally notifies the market of their release. The filing also includes the interactive data file for the cover page, enhancing data accessibility. Importantly, the information furnished under Item 2.02 is not considered "filed" for regulatory purposes, meaning it doesn't carry the same liability implications under Section 18 of the Exchange Act, nor is it automatically incorporated into other filings.

Credo Technology Group Holding Ltd (CRDO) held its 2022 Annual General Meeting on September 20, 2022, where shareholders voted on key corporate matters. The primary focus of this 8-K filing is to report the outcomes of these shareholder votes. Investors can take comfort in the strong shareholder support for the proposed actions. The meeting saw the election of three Class I directors to serve until the 2025 Annual General Meeting, with all nominees receiving overwhelming approval. Additionally, shareholders overwhelmingly ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year ending April 29, 2023. These votes indicate a unified direction and confidence from the shareholder base in the company's governance and financial oversight.

Credo Technology Group Holding Ltd (CRDO) reported a significant surge in revenue for the three months ended July 30, 2022, reaching $46.5 million, a 333.3% increase year-over-year, driven primarily by a substantial rise in product sales and a notable increase in IP license revenue. Despite this top-line growth, the company reported a net loss of $73,000 for the quarter, a substantial improvement from the $12.6 million net loss in the prior year period. The company's gross margin also saw significant improvement, expanding to 59.5% from 48.3% in the prior year, benefiting from increased scale in product sales and higher-margin IP license revenue. Operating expenses, particularly in Research and Development and Selling, General & Administrative, increased year-over-year, contributing to the near break-even net loss. The company maintained a strong cash position with $243.8 million in cash and cash equivalents, although net cash used in operating activities was significant at $12.2 million, largely due to working capital changes. Investors should monitor the company's ability to translate its strong revenue growth and improved gross margins into sustainable profitability, while also keeping an eye on the increasing operating expenses and cash burn from operations.

Credo Technology Group Holding Ltd (CRDO) filed an 8-K on August 31, 2022, to announce its financial results for the fiscal quarter ended July 30, 2022. While the filing itself is brief, it directs investors to the accompanying press release (Exhibit 99.1) for detailed financial performance. This is a standard procedure for earnings announcements, and the information provided in this 8-K is furnished, not filed, meaning it doesn't carry the same legal implications as a formally filed document under certain sections of the Exchange Act.

Credo Technology Group Holding Ltd (CRDO) filed its 10-K for the fiscal year ending April 30, 2022, following its initial public offering (IPO) in January 2022. The company operates as an emerging growth company, leveraging exemptions under the JOBS Act which may affect comparability with other public companies. CRDO is a key player in the data infrastructure market, providing secure, high-speed connectivity solutions based on its proprietary SerDes and DSP technologies, serving hyperscalers, HPC, and 5G infrastructure. The report details significant revenue growth of 81.4% year-over-year, reaching $106.5 million, driven primarily by product sales, which now constitute a larger portion of revenue compared to IP licensing. Despite revenue growth, the company reported a net loss of $22.2 million for fiscal year 2022, an improvement from the $27.5 million net loss in fiscal year 2021. This is largely attributable to increased operating expenses, particularly in research and development, and a decrease in gross margin to 60.1% from 65.2% in the prior year, influenced by a shift towards higher-volume product sales and increased manufacturing costs. The company highlights its strong cash position of $259.3 million, providing ample liquidity for at least the next 12 months, and its continued investment in R&D to fuel future growth and product innovation.

Credo Technology Group Holding Ltd (CRDO) announced its financial results for the fiscal year ended April 30, 2022, via a press release filed on June 1, 2022. While the specific financial figures are detailed in the furnished press release (Exhibit 99.1), this filing primarily serves to report the results. Investors should refer to the press release for comprehensive details on revenue, profitability, and other key performance indicators for the fiscal year. Furthermore, the company's Board of Directors approved a significant change to its fiscal year structure, effective in fiscal year 2023. Credo Technology will transition from a standard calendar month-end accounting period to a 4-4-5 week quarterly accounting period, resulting in a 52-week fiscal year. This change aims to standardize quarterly reporting periods, with each quarter comprising 13 weeks. The new fiscal quarters will end on July 30, October 29, January 28, and April 29.