CRDO Earnings Prediction
The chart below shows how CRDO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CRDO sees a +3.69% change in stock price 10 days leading up to the earnings, and a +14.83% change 10 days following the report. On the earnings day itself, the stock moves by -1.81%. This data can give you a slight idea of what to expect for the next quarter's release.
CRDO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
59.71M
70.15%
-1.76%
Gross Margin
62.44%
5.40%
-5.03%
Operating Margin
-24.20%
-40.99%
106.66%
Net Margin
-15.98%
-52.06%
-7.31%
EPS
-0.06
-25.00%
-0.00%
No Data Available
CRDO Earnings Analysis
Credo Technology Group Holding Ltd Ordinary Shares Corporation (CRDO.O) Earnings Conference Call
Positive
Revenue Surge: In Q1, Credo reported revenue of $59.7 million, up 70% year-over-year.
Record Product Revenue Growth: Product revenues of $57.3 million were up 30% compared to the prior quarter, establishing a new quarterly record for the company.
Record Product Revenue Growth: Credo's product business generated a record $53.8 million of revenue in Q1, 21% higher than the previous product record and up 32% sequentially.
Q2 Revenue Forecast: The company expects Q2 revenue to be between $65 million and $68 million, up 11% sequentially at the midpoint.
Customer Growth Anticipation: Credo anticipates a new 10% customer in Q2, indicating continued customer growth.
Negative
Revenue Performance Analysis: In Q1, reported revenue of $59.7 million, down 2% sequentially and up 70% year-over-year.
IP Revenue Decline: Our IP business generated $2.4 million of revenue in Q1, down 14% year-over-year.
Operating Income Decline: Our non-GAAP operating income was $2.2 million in Q1 compared to non-GAAP operating income of $7.5 million last quarter.
Non-GAAP Net Income Decline: Our non-GAAP net income was $7 million in Q1 compared to non-GAAP net income of $11.8 million last quarter.
Negative Free Cash Flow: Free cash flow was negative $13.1 million, a decrease of $32.4 million year-over-year.
CRDO FAQs
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CRDO Earning Call Sentiment
Credo Technology Group Holding Ltd (CRDO) Q1 2025 Earnings Call Transcript
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CRDO.O
-14.18%Positive
The earnings call presents mixed signals: record revenue and strong AI demand are positives, but declining margins, increased expenses, and negative free cash flow raise concerns. Guidance reflects a slight sequential revenue decline, and the Q&A highlights customer concentration risks and unclear management responses. While optimistic growth projections exist, the lack of clear guidance on TAM and contributions from new ventures tempers enthusiasm. Overall, the stock is likely to remain neutral, with the positives balanced by financial and operational challenges.
