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Credo Technology Group (CRDO) Revenue & Revenue Breakdown

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Credo Technology Group Revenue Highlights

Latest Revenue (Y)

$192.97M

Latest Revenue (Q)

$72.03M

Main Segment (Y)

Product

Main Geography (Y)

HONG KONG

Credo Technology Group Revenue by Period

Credo Technology Group Revenue by Year

DateRevenueChange
2024-04-30$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 $192.97M in revenue during NA 2024, up 4.76% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Credo Technology Group Revenue by Quarter

DateRevenueChange
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 $72.03M in revenue during Q2 2025, up 20.63% compared to the previous quarter, and up 205.25% 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/ServiceApr 24Apr 23Apr 22
License$28.02M$29.44M$23.31M
Product Engineering Services$19.90M$10.78M$7.74M
Product$145.05M$141.47M$73.72M
IP License Engineering Services-$2.50M$1.71M

Credo Technology Group's latest annual revenue breakdown by segment (product or service), as of Apr 24: Product (75.17%), License (14.52%), and Product Engineering Services (10.31%).

Quarterly Revenue by Product

Product/ServiceNov 24Aug 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22
Product$64.44M$53.84M$40.80M$39.98M$34.25M$30.03M$23.83M$38.03M$44.35M$35.26M$25.30M$22.71M
Product Engineering Services$4.63M$3.49M$3.34M$11.83M$2.43M$2.29M$2.57M$3.63M$3.75M$824.00K$1.11M$3.95M
License$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 Nov 24: Product (89.46%), Product Engineering Services (6.43%), and License (4.11%).

Credo Technology Group Revenue Breakdown by Country

Annual Revenue by Country

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

Credo Technology Group's latest annual revenue breakdown by geography, as of Apr 24: HONG KONG (36.36%), UNITED STATES (25.69%), CHINA (14.65%), REST OF THE WORLD (12.28%), and TAIWAN (11.03%).

Quarterly Revenue by Country

CountryNov 24Aug 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22
REST OF THE WORLD$6.57M$9.14M$6.22M$4.95M$7.26M$5.26M$3.42M$6.94M$4.62M$5.28M$15.50M$1.96M
CHINA$13.52M$9.75M$5.96M$798.00K$5.42M$16.08M$13.52M$29.23M$31.42M$22.76M$13.63M$14.73M
HONG KONG$30.09M$29.27M$21.17M$28.39M$18.61M$1.99M$1.02M$1.58M$2.28M$4.76M$5.44M$3.28M
UNITED STATES$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-$758.00K$7.56M$3.48M$4.90M$5.35M------
MEXICO------$8.96M$2.61M$1.52M$3.86M$2.40M-
IP License Engineering Services-------$887.00K----
Product Engineering Services-------$3.63M----
License-------$11.71M----
Product-------$38.03M----
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 Nov 24: HONG KONG (41.77%), UNITED STATES (30.34%), CHINA (18.77%), and REST OF THE WORLD (9.12%).

Credo Technology Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
CLFDClearfield$166.71B$48.79M
CSCOCisco Systems$53.80B$13.84B
NOKNokia Oyj$22.26B$4.67B
MSIMotorola Solutions$9.98B$2.79B
JNPRJuniper Networks$5.56B$1.33B
ZBRAZebra$4.58B$1.26B
CIENCiena$4.39B$942.31M
UIUbiquiti$1.93B$550.34M
INFNInfinera$1.61B$354.40M
LITELumentum$1.36B$336.90M
EXTRExtreme Networks$1.12B$269.20M
VIAVViavi Solutions$1.00B$238.20M
AAOIApplied Optoelectronics$217.65M$65.15M
CRDOCredo Technology Group$192.97M$72.03M
CLROClearOne$18.70M$2.50M
SYTASiyata Mobile$8.23M$2.36M
ASNSActelis Networks$5.61M$3.43M

CRDO Revenue FAQ

What is Credo Technology Group’s yearly revenue?

Credo Technology Group's yearly revenue for 2024 was $192.97M, representing an increase of 4.76% compared to 2023. The company's yearly revenue for 2023 was $184.19M, representing an increase of 72.99% compared to 2022. CRDO's yearly revenue for 2022 was $106.48M, representing an increase of 81.40% compared to 2021.

What is Credo Technology Group’s quarterly revenue?

Credo Technology Group'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). The company'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). CRDO's quarterly revenue for Q4 2024 was $60.78M, a 14.56% increase from the previous quarter (Q3 2024), and a 89.42% increase year-over-year (Q4 2023).

What is Credo Technology Group’s revenue growth rate?

Credo Technology Group's revenue growth rate for the last 3 years (2022-2024) was 81.23%, and for the last 5 years (2020-2024) was 258.45%.

What are Credo Technology Group’s revenue streams?

Credo Technology Group's revenue streams in r 24 are License, Product Engineering Services, and Product. License generated $28.02M in revenue, accounting 14.52% of the company's total revenue, down -4.82% year-over-year. Product Engineering Services generated $19.9M in revenue, accounting 10.31% of the company's total revenue, up 84.58% year-over-year. Product generated $145.05M in revenue, accounting 75.17% of the company's total revenue, up 2.53% year-over-year.

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

For the fiscal year ending Apr 24, the largest source of revenue of Credo Technology Group was Product. This segment made a revenue of $145.05M, representing 75.17% of the company's total revenue.