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Jul 30, 2022
Credo Q1 2023 Earnings Report
Reported financial results for the first quarter of fiscal year 2023, ended July 30, 2022.
Key Takeaways
Credo Technology Group reported revenue of $46.5 million, a 24% increase quarter over quarter. GAAP gross margin was 59.5% and non-GAAP gross margin was 60.5%. GAAP net loss was $0.1 million, while non-GAAP net income was $5.4 million.
Revenue of $46.5 million, grew by 24% quarter over quarter
GAAP gross margin of 59.5% and non-GAAP gross margin of 60.5%
GAAP net loss of $0.1 million and non-GAAP net income of $5.4 million
Ending Cash Balance of $243.8 million
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Revenue is expected to be between $48.5 million to $52.5 million, up 91% year over year at the midpoint. GAAP gross margin is expected to be between 58.5%-60.5% and non-GAAP gross margin is expected to be between 59.0%-61.0%. GAAP operating expenses are expected to be between $30.5 million to $32.5 million and non-GAAP operating expenses are expected to be between $23.5 million to $25.5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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