Quick answer: latest quarter results, by ticker or company name

Reported Q: Q4 2024 Rev YoY: +73.2% EPS YoY: +18.4% Move: +9.16%

Credo Technology Group

CRDO

$134.72 9.16%

Exchange NASDAQ Sector Technology Industry Communication Equipment

Q4 2024

Published: Apr 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for CRDO

Reported

Report Date

Apr 30, 2024

Quarter Q4 2024

Revenue

60.78M

YoY: +73.2%

EPS

-0.06

YoY: +18.4%

Market Move

+9.16%

Previous quarter: N/A

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Earnings Highlights

Revenue of $60.78M up 73.2% year-over-year
EPS of $-0.06 increased by 18.4% from previous year
Gross margin of 65.8%
Net income of -10.48M
""We believe this positions Credo with a unique value to the market that is difficult to replicate," said Bill Brennan, emphasizing their competitive edge in customized solutions." - Bill Brennan

CRDO

Credo Technology Group Holding Ltd

Period Q4 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 11, 2026

Executive Summary

In Q4 2024, Credo Technology Group Holding Ltd (CRDO) reported a record revenue of $60.8 million, marking a significant 89% increase year-over-year and a 15% sequential growth. This robust performance is primarily attributed to the accelerating demand for AI-driven connectivity solutions, with approximately three-quarters of revenue generated from AI workloads. Management emphasized their strategic positioning in the high-speed connectivity market, enhanced by successful product innovations and customer relationships. Overall, Credo's growth trajectory is strengthened by expanding collaborations with hyperscale data center operators and ongoing investment in R&D, aimed at sustaining momentum heading into fiscal 2025.

Key Performance Indicators

Revenue

Increasing

60.78M

QoQ: 0.00% | YoY: 73.19%

Gross Profit

Increasing

39.97M

65.75% margin

QoQ: 0.00% | YoY: 92.24%

Operating Income

Increasing

-7.12M

QoQ: 0.00% | YoY: 50.55%

Net Income

Increasing

-10.48M

QoQ: 0.00% | YoY: 10.43%

EPS

Increasing

-0.06

QoQ: 0.00% | YoY: 18.37%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $60.8 million (up 89% YoY, up 15% QoQ)
Net Income: -$10.5 million (Net Income Margin: -17.2%)
Gross Margin: 66.1% (improved from 62.5% in Q3)
EBITDA: -$7.1 million
Cash Balance: $410.0 million
Current Ratio: 11.88, highlighting strong liquidity position.

Management highlighted strong contributions from both product and IP revenue, with IP revenue growing 193% YoY to $16.6 million, representing 27% of total revenue, significantly above the long-term expectation of 10-15%. This diversification of revenue sources is a positive indicator of the company's strategic direction and operational adaptability.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	60.78M	73.19%	0.00%
Gross Profit	39.97M	92.24%	0.00%
Operating Income	-7.12M	50.55%	0.00%
Net Income	-10.48M	10.43%	0.00%
EPS	-0.06	18.37%	0.00%

Key Financial Ratios

Gross Profit Margin

Excellent

65.80%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Weak

-0.12%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.17%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.02%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.02%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

11.88

Current ratio indicates excellent liquidity and financial flexibility

P/E Ratio

Negative

-69.79x

Negative earnings make P/E ratio not meaningful

Price to Book

Premium

5.41x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2026	268.03	0.45	+348.9%	View
Q1 2026	223.07	0.34	+267.0%	View
Q3 2025	135.00	0.16	+122.1%	View
Q2 2025	72.03	-0.03	+35.8%	View
Q1 2025	59.71	-0.06	+35.6%	View
Q4 2024	60.78	-0.06	+73.2%	View

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Credo Technology Group (CRDO) Q4 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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