Loading...
•
Jan 27, 2024
Credo Q3 2024 Earnings Report
Reported financial results for the third quarter of fiscal year 2024, ended January 27, 2024.
Key Takeaways
Credo Technology Group Holding Ltd reported revenue of $53.1 million, which grew by 20% quarter over quarter. GAAP gross margin was 61.4% and non-GAAP gross margin was 62.2%. GAAP net income was $0.4 million and non-GAAP net income was $6.3 million. GAAP diluted net income per share was $0.00 and non-GAAP diluted net income per share was $0.04.
Revenue of $53.1 million, grew by 20% quarter over quarter
GAAP gross margin of 61.4% and non-GAAP gross margin of 62.2%
GAAP operating expenses of $38.5 million and non-GAAP operating expenses of $30.6 million
GAAP net income of $0.4 million and non-GAAP net income of $6.3 million
Revenue by Segment
Forward Guidance
Revenue is expected to be between $59.0 million and $62.0 million. GAAP gross margin is expected to be between 63.2% and 65.2%, and non-GAAP gross margin is expected to be between 64.0% and 66.0%. GAAP operating expenses are expected to be between $44.0 million and $46.0 million, and non-GAAP operating expenses are expected to be between $33.0 million and $35.0 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
Loading earnings performance data...
Loading earnings reaction data...