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Credo Technology Group Holding (CRDO) Tops Q2 EPS by 2c, Offers Guidance

December 2, 2024 4:10 PM EST

Credo Technology Group Holding (NASDAQ: CRDO) reported Q2 EPS of $0.07, $0.02 better than the analyst estimate of $0.05. Revenue for the quarter came in at $72 million versus the consensus estimate of $67.15 million.

GUIDANCE:

Credo Technology Group Holding sees Q3 2025 revenue of $115-125 million, versus the consensus of $86 million.

  • 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%, 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

For earnings history and earnings-related data on Credo Technology Group Holding (CRDO) click here.



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