Credo Technology Surges to 212th in Trading Volume with $433 Million Turnover

On June 2, 2025, Credo Technology Group Holding Ltd (CRDO) saw a significant surge in trading volume, with a turnover of $433 million, marking a 52.02% increase from the previous day. This surge placed Credo at the 212th position in terms of trading volume for the day. The stock price of Credo Technology also rose by 2.77%.

Credo Technology Group Holding Ltd reported its financial results for the fourth quarter and full fiscal year 2025, ending on May 3, 2025. The company achieved a revenue of $170.0 million for the fourth quarter, reflecting a 25.9% increase from the previous quarter and a 179.7% increase year over year. The company's gross margin stood at 67.2% under GAAP and 67.4% under non-GAAP measures. Operating expenses were reported at $80.4 million under GAAP and $52.0 million under non-GAAP. The net income for the quarter was $36.6 million under GAAP and $65.3 million under non-GAAP, with diluted net income per share at $0.20 under GAAP and $0.35 under non-GAAP. The company ended the quarter with a cash and short-term investment balance of $431.3 million.

Bill Brennan, Credo's President and Chief Executive Officer, highlighted the company's achievements in fiscal 2025, noting record-breaking financial results with revenue up 126% year over year to $436.8 million. The company's success was driven by the surging demand for its innovative, reliable, and energy-efficient high-performance connectivity solutions, particularly among hyperscaler customers powering advanced AI services. Brennan expressed confidence that this trend will continue in the foreseeable future.

Looking ahead to the first quarter of fiscal year 2026, Credo expects revenue to be between $185.0 million and $195.0 million. The company anticipates a GAAP gross margin of between 63.4% and 65.4%, and a non-GAAP gross margin of between 64.0% and 66.0%. Operating expenses are projected to be between $88.3 million and $90.3 million under GAAP, and between $54.0 million and $56.0 million under non-GAAP.