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Nov 02, 2024
Credo Q2 2025 Earnings Report
Credo's revenue grew significantly, driven by AI deployments and strong customer relationships.
Key Takeaways
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.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
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.
Positive Outlook
- Revenue is expected to be between $115.0 million and $125.0 million
- GAAP gross margin is expected to be between 60.6% and 62.6%
- 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
- Non-GAAP operating expenses are expected to be between $42.0 million and $44.0 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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