CRDO Latest Report

Financial Performance

Credo Technology (stock code: CRDO) reported an operating revenue of RMB135.002 million on February 1, 2025, reflecting the company's market performance and financial health during the reporting period. Although lacking historical year-on-year data, this figure provides a strong indication of its current operating scale.

Key Financial Data

1. Credo Technology's operating revenue in 2024 was US$193 million, indicating its operating scale is increasing year by year.

2. The cumulative revenue in the first six months of 2025 was US$132 million, up 66.50% year-on-year, showing significant growth for the company.

3. The operating revenue in the second quarter of 2025 was US$72.03 million, demonstrating a good growth trend, mainly benefiting from the launch of new products.

4. The turnover on February 26, 2025 was US$292 million, down 27.78% from the previous day, reflecting the fluctuation in market demand.

Industry Comparison

1. Overall industry analysis: The semiconductor industry is driven by digital transformation and the promotion of 5G technology, leading to an increase in demand for high-performance chips. Other companies in the industry also experienced similar revenue growth, indicating a healthy industry.

2. Peer evaluation analysis: Credo Technology's operating revenue performed well in the industry but still needs further improvement compared to the industry average. In 2024, Credo's operating revenue was US$193 million, which needs to be compared with other companies in the industry, such as Guangdong Lianyuanhen, which achieved an operating revenue of RMB499,438.02 million in 2023, up 18.81% year-on-year.

Summary

Credo Technology achieved a certain growth in operating revenue, especially in the first six months of 2025. Despite the fluctuation in market demand, the company has demonstrated strong competitiveness through the launch of new products and market expansion. However, it still needs to work hard to improve its market performance to ensure sustained growth.

Opportunities

1. With increased investment in large-scale AI infrastructure, Credo is expected to significantly expand its market share through customized products for large-scale customers.

2. The growth in sales of new products (such as Active Electrical Cables) may attract more customers, driving operating revenue.

3. The overall growth trend of the semiconductor industry under digital transformation provides Credo with a good market opportunity.

Risks

1. Fluctuation in market demand may affect the company's operating revenue, especially in the context of increased economic uncertainty.

2. If Credo's growth rate is lower than the industry average in comparisons with other companies in the industry, it may affect its market competitiveness.

3. The success of new products will directly affect the company's revenue growth, requiring careful assessment of market feedback and product acceptance.