Credo Technology Group Holding Ltd
Business
Credo Technology Group Holding Ltd develops high-speed connectivity solutions for AI-driven, cloud and hyperscale data infrastructure. It offers integrated circuits, Active Electrical Cables (HiWire AECs), SerDes Chiplets, optical DSPs, PCIe retimers, line card PHYs, SerDes IP licensing and the PILOT software platform. Its business is organized around product families and IP licensing that address Ethernet, PCIe and optical connectivity needs, including AECs, DSPs, PHYs, chiplets and retimers. Credo sells worldwide through direct sales to hyperscalers, OEMs, ODMs, optical module manufacturers and enterprise/HPC customers in North America, Asia and Europe.
Summary from filing dated 2025-07-02
Financials
Consolidated Statement of Income
| Concept | Trend | May 2, 2026 2026-05-02 | May 3, 2025 2025-05-03 | Apr 27, 2024 2024-04-27 |
|---|---|---|---|---|
| Revenue | 1,335 | 437 | 193 | |
| Cost of revenue | 427 | 154 | 74 | |
| Gross profit | 908 | 283 | 119 | |
| Operating expenses: | — | — | — | |
| Research and development | 279 | 147 | 96 | |
| Selling, general and administrative | 184 | 99 | 60 | |
| Total operating expenses | 463 | 246 | 156 | |
| Operating income (loss) | 445 | 37 | −37 | |
| Other income, net | 30 | 18 | 14 | |
| Income (loss) before income taxes | 475 | 55 | −23 | |
| Provision for income taxes | 3 | 3 | 6 | |
| Net income (loss) | 472 | 52 | −28 | |
| Net income (loss) per share: | — | — | — | |
| Basic (in US dollars per share) | 2.65 | 0.31 | −0.18 | |
| Diluted (in US dollars per share) | 2.51 | 0.29 | −0.18 | |
| Weighted-average shares used in computing net income (loss) per share: | — | — | — | |
| Basic (in shares) | 179 | 168 | 155 | |
| Diluted (in shares) | 188 | 181 | 155 |
Consolidated Balance Sheet
| Concept | Trend | May 2, 2026 2026-05-02 | May 3, 2025 2025-05-03 |
|---|---|---|---|
| Assets | — | — | |
| Current assets: | — | — | |
| Cash and cash equivalents | 1,165 | 236 | |
| Short-term investments | 278 | 195 | |
| Accounts receivable | 233 | 162 | |
| Inventories | 251 | 90 | |
| Other current assets | 74 | 30 | |
| Total current assets | 2,001 | 714 | |
| Property and equipment, net | 102 | 64 | |
| Right of use assets | 25 | 15 | |
| Goodwill | 93 | 0 | |
| Intangible assets, net | 29 | 0 | |
| Other non-current assets | 46 | 17 | |
| Total assets | 2,296 | 809 | |
| Liabilities and Shareholders' Equity | — | — | |
| Current liabilities: | — | — | |
| Accounts payable | 107 | 56 | |
| Accrued compensation and benefits | 22 | 16 | |
| Other current liabilities | 68 | 35 | |
| Total current liabilities | 197 | 108 | |
| Non-current operating lease liabilities | 21 | 13 | |
| Other non-current liabilities | 14 | 7 | |
| Total liabilities | 232 | 128 | |
| Commitments and contingencies (Note 9) | — | — | |
| Shareholders' equity: | — | — | |
| Ordinary shares, $0.00005 par value; 1,000,000 shares authorized; 185,419 and 171,169 shares issued and outstanding at May 2, 2026 and May 3, 2025, respectively | 9,000 | 8,000 | |
| Additional paid in capital | 1,672 | 765 | |
| Accumulated other comprehensive income (loss) | 2 | −437,000 | |
| Retained earnings (accumulated deficit) | 389 | −83 | |
| Total shareholders' equity | 2,064 | 682 | |
| Total liabilities and shareholders' equity | 2,296 | 809 |
Consolidated Statement of Cash Flows
| Concept | Trend | May 2, 2026 2026-05-02 | May 3, 2025 2025-05-03 | Apr 27, 2024 2024-04-27 |
|---|---|---|---|---|
| Cash flows from operating activities: | — | — | — | |
| Net income (loss) | 472 | 52 | −28 | |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | — | — | — | |
| Depreciation and amortization | 35 | 22 | 14 | |
| Amortization of acquired intangible assets | 400,000 | 0 | 0 | |
| Share-based compensation | 183 | 77 | 39 | |
| Warrant contra revenue | 0 | 13 | 4 | |
| Write-downs for excess and obsolete inventory | 15 | 8 | 4 | |
| Impairment of assets | 2 | 873,000 | 765,000 | |
| Changes in operating assets and liabilities | — | — | — | |
| Accounts receivable | 71 | 102 | 10 | |
| Inventories | 174 | 70 | −16 | |
| Other current assets | 45 | −5 | 20 | |
| Other non-current assets | 26 | −2 | 654,000 | |
| Accounts payable | 49 | 42 | 9 | |
| Accrued compensation and benefits, other current liabilities and other non-current liabilities | 25 | 16 | 5 | |
| Net cash provided by operating activities | 464 | 65 | 33 | |
| Cash flows from investing activities: | — | — | — | |
| Purchases of property and equipment | 57 | 36 | 16 | |
| Purchases of short-term investments | 393 | 259 | 404 | |
| Maturities of short-term investments | 310 | 407 | 170 | |
| Business acquisitions, net of cash acquired | 113 | 0 | 0 | |
| Net cash provided by (used in) investing activities | −254 | 112 | −249 | |
| Cash flows from financing activities: | — | — | — | |
| Proceeds from issuance of ordinary shares in connection with public offerings, net of offering costs | 736 | 0 | 173 | |
| Payments on technology license obligations | 7 | 6 | 3 | |
| Proceeds from equity incentive plans | 7 | 8 | 7 | |
| Tax withheld related to RSU settlement | 19 | 9 | 2 | |
| Net cash provided by (used in) financing activities | 718 | −8 | 175 | |
| Effect of exchange rate changes on cash | 231,000 | 41,000 | −169,000 | |
| Net increase (decrease) in cash and cash equivalents | 929 | 169 | −42 | |
| Cash and cash equivalents at end of the year | — | — | — | |
| Cash and cash equivalents at end of the year | — | — | — | |
| Supplemental cash flow information: | — | — | — | |
| Income taxes paid | 2 | 1 | 1 | |
| Purchases of property and equipment included in accounts payable, other current liabilities and other non-current liabilities | 16 | 9 | 8 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Credo Technology Group Holding Ltd's CIK number?
Credo Technology Group Holding Ltd's SEC CIK number is 0001807794 (1807794). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Credo Technology Group Holding Ltd's SEC filings?
All of Credo Technology Group Holding Ltd's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Credo Technology Group Holding Ltd last report earnings?
Credo Technology Group Holding Ltd (CRDO) most recently filed an earnings 8-K with the SEC on Jun 1, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-039474). This is Credo Technology Group Holding Ltd's most recent earnings filing of record — not a forecast of its next earnings date.
What is Credo Technology Group Holding Ltd's most recent earnings 8-K?
Credo Technology Group Holding Ltd's latest earnings 8-K (Item 2.02) was filed Jun 1, 2026 under accession 0001628280-26-039474. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Credo Technology Group Holding Ltd's latest earnings 8-K →
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