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Credo Technology | 8-K: Credo Reports Second Quarter of Fiscal Year 2025 Financial Results

Credo Technology | 8-K: Credo Reports Second Quarter of Fiscal Year 2025 Financial Results

Credo Technology | 8-K:Credo公布2025财年第二季度财务业绩
美股SEC公告 ·  2024/12/03 05:22

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Credo Technology reported record Q2 FY2025 revenue of $72.0 million, up 20.6% QoQ and 63.6% YoY, with product revenue reaching $69.1 million. The company posted a GAAP net loss of $4.2 million, while achieving non-GAAP net income of $12.3 million. Gross margin stood at 63.2% GAAP and 63.6% non-GAAP.The company has reached an inflection point in revenues earlier than anticipated, driven by increasing AI deployments and strengthening customer relationships. Management expressed confidence in continued growth momentum, forecasting Q3 FY2025 revenue between $115.0-125.0 million with expected gross margins of 60.6-62.6% GAAP and 61.0-63.0% non-GAAP.The company maintains a strong financial position with $383.0 million in cash and short-term investments. Operating expenses were $53.9 million GAAP and $37.6 million non-GAAP for the quarter, reflecting ongoing investments in research and development to support growth initiatives.
Credo Technology reported record Q2 FY2025 revenue of $72.0 million, up 20.6% QoQ and 63.6% YoY, with product revenue reaching $69.1 million. The company posted a GAAP net loss of $4.2 million, while achieving non-GAAP net income of $12.3 million. Gross margin stood at 63.2% GAAP and 63.6% non-GAAP.The company has reached an inflection point in revenues earlier than anticipated, driven by increasing AI deployments and strengthening customer relationships. Management expressed confidence in continued growth momentum, forecasting Q3 FY2025 revenue between $115.0-125.0 million with expected gross margins of 60.6-62.6% GAAP and 61.0-63.0% non-GAAP.The company maintains a strong financial position with $383.0 million in cash and short-term investments. Operating expenses were $53.9 million GAAP and $37.6 million non-GAAP for the quarter, reflecting ongoing investments in research and development to support growth initiatives.
Credo科技报告了2025财年第二季度创纪录的营业收入7200万,同比上升20.6%,同比上升63.6%,产品收入达到6910万。公司公认会计准则下净亏损420万,而非公认会计准则下净利润达到1230万。毛利率为63.2%(公认会计准则)和63.6%(非公认会计准则)。公司在营业收入上比预期提前达到了拐点,得益于人工智能部署的增加和客户关系的强化。管理层对持续增长势头表示信恳智能,预测2025财年第三季度营业收入在11500-12500万之间,预计毛利率在60.6-62.6%(公认会计准则)和61.0-63.0%(非公认会计准则)之间。公司保持强大的财务状况,现金和短期投资共计38300万。该季度营业费用为5390万(公认会计准则)和3760万(非公认会计准则),反映出对支持增长计划的研发持续投资。
Credo科技报告了2025财年第二季度创纪录的营业收入7200万,同比上升20.6%,同比上升63.6%,产品收入达到6910万。公司公认会计准则下净亏损420万,而非公认会计准则下净利润达到1230万。毛利率为63.2%(公认会计准则)和63.6%(非公认会计准则)。公司在营业收入上比预期提前达到了拐点,得益于人工智能部署的增加和客户关系的强化。管理层对持续增长势头表示信恳智能,预测2025财年第三季度营业收入在11500-12500万之间,预计毛利率在60.6-62.6%(公认会计准则)和61.0-63.0%(非公认会计准则)之间。公司保持强大的财务状况,现金和短期投资共计38300万。该季度营业费用为5390万(公认会计准则)和3760万(非公认会计准则),反映出对支持增长计划的研发持续投资。
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