UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission File Number: 001-41249 Credo Technology Group Holding Ltd (Exact name of registrant as specified in its charter) Cayman Islands N/A For the quarterly period ended February 1, 2025 (State or other jurisdiction of incorporation or organization) or c/o Maples Corp ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 10:Credo Technology Group Holding Ltd (CRDO) : This networking and connectivity solutions provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 26% over the last 60 days.Credo Technology Group's shares gained 64.0% over the last six months compared with the S&P 500’s advanced of 3.8%. The company possesses a Momentum Score of A.Ooma, Inc. ( ...

Group 1 - The article highlights Uttam as a growth-oriented investment analyst focusing on the technology sector, particularly in semiconductors, Artificial Intelligence, and Cloud software [1] - Uttam's research also encompasses MedTech, Defense Tech, and Renewable Energy, indicating a diverse investment interest [1] - The Pragmatic Optimist Newsletter, co-authored by Uttam and his wife Amrita Roy, is recognized and cited by major publications like the Wall Street Journal and Forbes [1] Group 2 - Prior to his research career, Uttam led teams at major technology firms such as Apple and Google, showcasing his extensive experience in the industry [1]

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Core Insights - Credo Technology (NASDAQ: CRDO) shares have experienced a significant decline in recent weeks, despite a strong earnings report failing to improve investor sentiment [2]. Company Summary - The decline in Credo Technology's stock is attributed to movements within the industry group, indicating broader market influences rather than company-specific issues [2]. Industry Summary - The performance of Credo Technology reflects the challenges faced by the industry as a whole, suggesting that investor sentiment may be influenced by external factors affecting the sector [2].

Now you can get access to the latest and highest-quality analysis of recent Wall Street buying and selling ideas with just one subscription to Beyond the Wall Investing ! There is a free trial and a special discount of 10% for you. Join us today!I published my first and only article on Credo Technology Group Holding Ltd (NASDAQ: CRDO ) stock about a month ago, noting if its business keeps growing at the pace we sawDaniel Sereda is chief investment analyst at a family office whose investments span continents ...

经营分析 公司 FY25Q3 营收增长主要来自大客户需求增长，公司 FY25Q3 最 大客户营收占比达到 86%，其余客户占比较低主要是订单交付节奏 导致。公司预计 FY25Q4 将有 3~4 个客户营收占比超过 10%。另外 公司产品在新客户进展积极，公司 AEC 正在另外两家大型云厂商 测试，预计将在 FY26 实现量产出货。 产品品类方面，公司积极拓展 PCIe 相关产品。公司预计将在今年 GTC 展示 PCIe AEC 产品，公司 PCIe retimer 已经支持完整的 PCIe 标准，并且已经成功导入一家大型 AI 服务器 ODM 企业，预计将在 CY26 产生收入。 盈利预测、估值与评级 我们认为，公司作为 AEC 行业领先企业，已经在部分北美头部云 厂商实现批量出货，同时在 FY26 有望在另外两家北美云厂商实现 导入，具备较良好客户优势。公司有望充分受益 AI 以太网组网以 及 ASIC 需求增长带动的 AEC 需求快速增长。我们预计公司 FY25~FY27 营收分别为 4.23、6.62、7.99 亿美元，同比+119.4%、 +56.4%、+20.6%，GAAP 净利润分别为 3530、 ...

Core Viewpoint - Credo Technology Group (CRDO) has experienced significant stock underperformance in 2023, with a 30.9% decline year-to-date, compared to the broader Zacks Computer & Technology sector's decrease of 5.8% and the Zacks Electronics - Semiconductors industry's decline of 13.5% [1][2]. Financial Performance - In the third quarter of fiscal 2025, Credo Technology reported earnings of 25 cents per share, exceeding the Zacks Consensus Estimate by 38.89%, compared to earnings of 4 cents per share a year ago [3]. - The company achieved revenues of $135 million, representing an 87% sequential increase and a 154% year-over-year increase, surpassing the Zacks Consensus Estimate by 12.50% [6]. Product and Market Dynamics - The growth in revenues was primarily driven by a significant increase in production from its largest hyperscale customer, reflecting the rising demand for AI-powered connectivity solutions [6]. - Credo's Active Electrical Cables (AEC) product line experienced triple-digit sequential growth, driven by increased adoption in the data center market, as AECs are more reliable than traditional laser-based optical solutions [7][8]. - The optical business, particularly Optical DSPs, also saw strong growth, with increased market demand for 50G and 100G designs for Active Optical Cable and transceiver applications [9]. Competitive Positioning - The demand for Credo's PCIe retimers and Ethernet retimers is growing, especially in AI server scale-out networks, highlighting the importance of high-performance solutions in this rapidly expanding market [11]. - Credo's PCIe 5.0 specification-capable "Toucan" retimer has successfully passed compliance testing, reinforcing its market reputation and positioning for future revenue growth, with demand for PCIe retimers expected to exceed $1 billion by 2027 [12][13]. Future Guidance - For the fiscal fourth quarter of 2025, Credo expects revenues between $155 million and $165 million, indicating a potential growth of 122.52% year-over-year, while the consensus estimate for earnings is 22 cents per share, suggesting a 214.29% increase year-over-year [14][15]. Valuation Concerns - Credo Technology's stock is currently trading at a forward 12-month Price/Sales ratio of 16.46, significantly higher than the sector average of 5.97, indicating a stretched valuation [18].

The rapid buildout of AI-enabled data centers is driving strong demand for the company's high-speed connectivity solutions.Shares of Credo Technology (CRDO 7.74%), which makes high-speed connectivity solutions for data centers, declined 2.9% in Tuesday's after-hours trading, following the company's release of its report for the third quarter of its fiscal year 2025 (ended Feb. 1). Credo's report was very strong with the quarter's revenue and earnings along with third-quarter revenue guidance all crushing Wa ...

Financial Data and Key Metrics Changes - Credo reported revenue of $135 million for Q3 2025, representing an 87% sequential increase and a 154% year-over-year increase [8][32] - Non-GAAP gross margin was 63.8% for Q3, with product gross margin (excluding product engineering services) at 62.4%, up over 200 basis points sequentially and over 900 basis points year-over-year [32][66] Business Line Data and Key Metrics Changes - The AEC product line achieved strong triple-digit sequential growth, driven by the largest hyperscale customer [16][33] - The product business generated $132 million in revenue for Q3, up 91% sequentially and 155% year-over-year, with AECs becoming the de facto standard for intra-rack connections [32][36] - The optical DSP business is on track to meet growth objectives, with revenue driven by 50-gig and 100-gig designs for AOC and transceiver applications [20][22] Market Data and Key Metrics Changes - The total addressable market (TAM) for PCIe retimers is expected to exceed $1 billion by 2027, with Credo well-positioned to capture market share [28][28] - The demand for faster, more reliable, and energy-efficient connectivity solutions is rapidly expanding, particularly in AI workloads [10][29] Company Strategy and Development Direction - Credo's multi-tiered innovation strategy focuses on SerDes technology, integrated circuit design, and system-level solutions, which are critical for addressing bandwidth challenges [11][12][14] - The company plans to expand its solutions to the PCIe protocol, addressing a larger connectivity opportunity with AI scale-out and scale-up networks [15][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the expanding market opportunity for high-speed connectivity driven by AI investments [29][30] - The company anticipates continued revenue growth based on customer forecasts, new qualifications, and design engagements [19][28] Other Important Information - The largest customer accounted for 86% of revenue in Q3, with expectations of diversifying the customer base in the coming quarters [35][41] - Credo has achieved volume production with three hyperscalers and is in qualification with two additional hyperscalers [18][44] Q&A Session Summary Question: What is the size of the largest customer and the adoption of AEC? - The largest customer accounted for 86% of revenue, and AEC opportunities are expanding significantly [39][40] Question: How does the company view the shift towards inference in AI? - The inference market presents a larger opportunity for AEC due to increased deployments [45][46] Question: Are there plans to move into the switching ecosystem? - Moving into PCIe switching is a natural progression, but the focus remains on retimers and AECs for now [48][51] Question: What is driving the uptick in gross margins? - The increase in gross margins is primarily driven by scale and the roll-off of contra revenue associated with Amazon [64][66] Question: How does the company view competition in the AEC space? - Credo focuses on being the best partner to customers, emphasizing innovation and reliability [125][127] Question: What is the outlook for new customers and their ramp-up? - New customers are expected to ramp up in fiscal '26, with multiple projects anticipated [96][135]