Credo Technology Group Holding Ltd · Q2 2025 earnings

Briefing

Credo's revenue grew significantly, driven by AI deployments and strong customer relationships.

Credo reported record revenue of $72.0 million for Q2 2025, representing a 20.6% increase quarter-over-quarter and a 63.6% increase year-over-year. The company's GAAP net loss was $(4.2) million, while non-GAAP net income was $12.3 million.

• Revenue reached $72.0 million, showing substantial growth.
• GAAP gross margin was 63.2%, and non-GAAP gross margin was 63.6%.
• GAAP net loss was $(4.2) million, while non-GAAP net income was $12.3 million.
• Cash and short-term investment balance ended at $383.0 million.

Headline financials

Revenue & EPS history

Credo anticipates revenue between $115.0 million and $125.0 million for Q3 2025. GAAP gross margin is expected to be between 60.6% and 62.6%, and non-GAAP gross margin is expected to be between 61.0% and 63.0%. GAAP operating expenses are expected to be between $58.6 million and $60.6 million, and non-GAAP operating expenses are expected to be between $42.0 million and $44.0 million.