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Credo Technology Group Holding Ltd (CRDO) Q2 2025 Earnings Call Transcript Summary

moomoo AI ·  Dec 3, 2024 10:56  · Conference Call

The following is a summary of the Credo Technology Group Holding Ltd (CRDO) Q2 2025 Earnings Call Transcript:

Financial Performance:

  • Credo reported Q2 revenue of $72 million, representing a 21% sequential and 64% year-over-year increase.

  • Non-GAAP gross margin for Q2 was 63.6%.

  • Non-GAAP operating income in Q2 was $8.3 million, showing significant growth from $2.2 million in Q1.

  • Non-GAAP net income was $12.3 million in Q2 compared to $7 million in Q1.

Business Progress:

  • Credo introduced new 800-gig ZeroFlaps AECs for AI back-end networks and completed the tape-out of 3-nanometer 200-gig per lane designs.

  • Demonstrated a broad range of current and next-generation connectivity solutions across several industry conferences.

  • Anticipate continued growth beyond fiscal year 2025 with sustained customer relationships and product developments.

Opportunities:

  • Demand for AI-driven high speed, power efficient, and reliable connectivity is increasing, fueling growth in AECs.

  • Credo's next-generation connectivity solutions, including the expansion in PCIe products, are expected to meet rising market demands.

Risks:

  • No explicit risks detected.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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