Credo Technology Group Holding Ltd

Latest earnings-call sentiment

As of FY2025 Q3, the Tellvest earnings-call sentiment score for Credo Technology Group Holding Ltd (CRDO) is 10/10.

Credo delivered a landmark inflection quarter, with revenue of $135 million up 154% year-over-year and 87% sequentially — well above the high end of guidance — as the expected second-half fiscal '25 ramp arrived, led by its largest hyperscale customer scaling AI platform production. Non-GAAP gross margin was 63.8%, and product gross margin excluding engineering services rose over 900 basis points year-over-year to 62.4% on scale, driving Credo to decisive GAAP profitability after a year of operating losses. AEC revenue grew strong triple digits sequentially to a record, with three hyperscalers in volume production and two more in qualification for fiscal '26, while Credo broadened into PCIe — its 2 CAN retimer achieved full PCIe Gen5 compliance and won a first platform commitment from a large AI server ODM. Management guided fiscal Q4 revenue up 19% sequentially at the midpoint and said Credo remains on track for continued scaling of revenue and profit, though customer concentration was elevated with the largest customer at 86% of revenue, and management expects three to four 10%-plus customers in coming quarters.

Scored from Credo Technology Group Holding Ltd’s FY2025 Q3 earnings call. The newest quarter is available with Tellvest Pro.