Credo Technology Group (CRDO) Revenue & Revenue Breakdown


OverviewForecastOwnershipFinancialsChartTranscripts

Credo Technology Group Revenue Highlights


Latest Revenue (Y)

$436.77M

Latest Revenue (Q)

$135.00M

Main Segment (Y)

Product

Main Geography (Y)

HONG KONG

Credo Technology Group Revenue by Period


Credo Technology Group Revenue by Year

DateRevenueChange
2025-05-03$436.77M126.34%
2024-04-27$192.97M4.76%
2023-04-29$184.19M72.99%
2022-04-30$106.48M81.40%
2021-04-30$58.70M9.03%
2020-04-30$53.84M-

Credo Technology Group generated $436.77M in revenue during NA 2025, up 126.34% compared to the previous quarter, and up 811.32% compared to the same period a year ago.

Credo Technology Group Revenue by Quarter

DateRevenueChange
2025-02-01$135.00M87.41%
2024-11-02$72.03M20.63%
2024-08-03$59.71M-1.76%
2024-04-27$60.78M14.56%
2024-01-27$53.06M20.49%
2023-10-28$44.03M25.47%
2023-07-29$35.09M9.37%
2023-04-29$32.09M-40.87%
2023-01-28$54.27M5.65%
2022-10-29$51.37M10.55%
2022-07-30$46.47M23.83%
2022-04-30$37.53M18.01%
2022-01-31$31.80M20.33%
2021-10-31$26.43M146.43%
2021-07-31$10.72M-45.70%
2021-04-30$19.75M46.75%
2021-01-31$13.46M-6.87%
2020-10-31$14.45M30.92%
2020-07-31$11.04M-

Credo Technology Group generated $135.00M in revenue during Q3 2025, up 87.41% compared to the previous quarter, and up 306.58% compared to the same period a year ago.

Credo Technology Group Revenue Breakdown


Credo Technology Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceMay 25Apr 24Apr 23Apr 22
License$12.48M$28.02M$29.44M$23.31M
Product$412.18M$145.05M$141.47M$73.72M
Product Engineering Services$12.12M$19.90M$10.78M$7.74M
IP License Engineering Services--$2.50M$1.71M

Credo Technology Group's latest annual revenue breakdown by segment (product or service), as of May 25: Product (94.37%), License (2.86%), and Product Engineering Services (2.78%).

Quarterly Revenue by Product

Product/ServiceMay 25Feb 25Nov 24Aug 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22
Product Engineering Services$1.34M$2.67M$4.63M$3.49M$3.34M$11.83M$2.43M$2.29M$2.57M$3.63M$3.75M$824.00K$1.11M$3.95M
Product$164.52M$129.37M$64.44M$53.84M$40.80M$39.98M$34.25M$30.03M$23.83M$38.03M$44.35M$35.26M$25.30M$22.71M
License$4.16M$2.96M$2.96M$2.39M$16.64M$1.25M$7.35M$2.77M$5.26M$11.71M$2.08M$10.38M$11.12M$5.02M
IP License Engineering Services--------$422.00K$887.00K$1.19M--$118.00K

Credo Technology Group's latest quarterly revenue breakdown by segment (product or service), as of May 25: Product (96.76%), License (2.45%), and Product Engineering Services (0.79%).

Credo Technology Group Revenue Breakdown by Country

Annual Revenue by Country

CountryMay 25Apr 24Apr 23Apr 22
UNITED STATES$65.10M$49.57M$44.25M$27.70M
CHINA$80.06M$28.26M$96.94M$37.70M
HONG KONG$243.73M$70.16M$9.65M$11.70M
REST OF THE WORLD$44.27M$23.69M$20.26M$19.25M
TAIWAN$3.62M$21.29M--
MEXICO--$13.10M$10.14M
Product---$73.72M
Product Engineering Services---$7.74M
IP License Engineering Services---$1.71M
License---$23.31M

Credo Technology Group's latest annual revenue breakdown by geography, as of May 25: HONG KONG (55.80%), CHINA (18.33%), UNITED STATES (14.90%), REST OF THE WORLD (10.14%), and TAIWAN (0.83%).

Quarterly Revenue by Country

CountryMay 25Feb 25Nov 24Aug 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22
REST OF THE WORLD$20.87M$7.70M$6.57M$9.14M$6.22M$4.95M$7.26M$5.26M$3.42M$6.94M$4.62M$5.28M$15.50M$1.96M
HONG KONG$91.03M$93.34M$30.09M$29.27M$21.17M$28.39M$18.61M$1.99M$1.02M$1.58M$2.28M$4.76M$5.44M$3.28M
CHINA$31.52M$25.26M$13.52M$9.75M$5.96M$798.00K$5.42M$16.08M$13.52M$29.23M$31.42M$22.76M$13.63M$14.73M
UNITED STATES$24.82M$7.63M$21.86M$10.80M$19.88M$15.44M$7.84M$6.42M$9.25M$16.51M$6.42M$12.07M$8.70M$5.92M
TAIWAN$1.79M$1.08M$758.00K$7.56M$3.48M$4.90M$5.35M-------
MEXICO--------$8.96M$2.61M$1.52M$3.86M$2.40M-
Product---------$38.03M----
IP License Engineering Services---------$887.00K----
License---------$11.71M----
Product Engineering Services---------$3.63M----
TAIWAN, PROVINCE OF CHINA----------$2.93M$67.00K--
MALAYSIA-------------$1.13M
SINGAPORE-------------$2.38M

Credo Technology Group's latest quarterly revenue breakdown by geography, as of May 25: HONG KONG (53.54%), CHINA (18.54%), UNITED STATES (14.59%), REST OF THE WORLD (12.28%), and TAIWAN (1.05%).

Credo Technology Group Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
HPEHewlett Packard Enterprise$29.14B$7.85B
CIENCiena$4.39B$1.07B
LITELumentum$1.36B$402.20M
ALGMAllegro MicroSystems$725.01M$177.87M
CRDOCredo Technology Group$436.77M$135.00M
PIImpinj$366.09M$74.28M

CRDO Revenue FAQ


What is Credo Technology Group’s yearly revenue?

Credo Technology Group's yearly revenue for 2025 was $436.78M, representing an increase of 126.34% compared to 2024. The company's yearly revenue for 2024 was $192.97M, representing an increase of 4.76% compared to 2023. CRDO's yearly revenue for 2023 was $184.19M, representing an increase of 72.99% compared to 2022.

What is Credo Technology Group’s quarterly revenue?

Credo Technology Group's quarterly revenue for Q3 2025 was $135M, a 87.41% increase from the previous quarter (Q2 2025), and a 154.44% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $72.03M, a 20.63% increase from the previous quarter (Q1 2025), and a 63.58% increase year-over-year (Q2 2024). CRDO's quarterly revenue for Q1 2025 was $59.71M, a -1.76% decrease from the previous quarter (Q4 2024), and a 70.15% increase year-over-year (Q1 2024).

What is Credo Technology Group’s revenue growth rate?

Credo Technology Group's revenue growth rate for the last 3 years (2023-2025) was 137.13%, and for the last 5 years (2021-2025) was 644.12%.

What are Credo Technology Group’s revenue streams?

Credo Technology Group's revenue streams in y 25 are License, Product, and Product Engineering Services. License generated $12.48M in revenue, accounting 2.86% of the company's total revenue, down -55.48% year-over-year. Product generated $412.18M in revenue, accounting 94.37% of the company's total revenue, up 184.17% year-over-year. Product Engineering Services generated $12.12M in revenue, accounting 2.78% of the company's total revenue, down -39.08% year-over-year.

What is Credo Technology Group’s main source of revenue?

For the fiscal year ending May 25, the largest source of revenue of Credo Technology Group was Product. This segment made a revenue of $412.18M, representing 94.37% of the company's total revenue.