Credo Technology Group (CRDO) Revenue & Revenue Breakdown
Credo Technology Group Revenue Highlights
Latest Revenue (Y)
$192.97M
Latest Revenue (Q)
$59.71M
Main Segment (Y)
Product
Main Geography (Y)
HONG KONG
Credo Technology Group Revenue by Period
Credo Technology Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2024-04-30 | $192.97M | 4.76% |
| 2023-04-29 | $184.19M | 72.99% |
| 2022-04-30 | $106.48M | 81.40% |
| 2021-04-30 | $58.70M | 9.03% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-08-03 | $59.71M | -1.76% |
| 2024-04-27 | $60.78M | 14.56% |
| 2024-01-27 | $53.06M | 20.49% |
| 2023-10-28 | $44.03M | 25.47% |
| 2023-07-29 | $35.09M | 9.37% |
| 2023-04-29 | $32.09M | -40.87% |
| 2023-01-28 | $54.27M | 5.65% |
| 2022-10-29 | $51.37M | 10.55% |
| 2022-07-30 | $46.47M | 23.83% |
| 2022-04-30 | $37.53M | 18.01% |
| 2022-01-31 | $31.80M | 20.33% |
| 2021-10-31 | $26.43M | 146.43% |
| 2021-07-31 | $10.72M | -45.70% |
| 2021-04-30 | $19.75M | 46.75% |
| 2021-01-31 | $13.46M | -6.87% |
| 2020-10-31 | $14.45M | 30.92% |
| 2020-07-31 | $11.04M | - |
Credo Technology Group generated $59.71M in revenue during Q1 2025, up -1.76% compared to the previous quarter, and up 186.09% 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/Service | Apr 24 | Apr 23 | Apr 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/Service | Aug 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | $53.84M | $40.80M | $39.98M | $34.25M | $30.03M | $23.83M | $38.03M | $44.35M | $35.26M | $25.30M | $22.71M |
| License | $2.39M | $16.64M | $1.25M | $7.35M | $2.77M | $5.26M | $11.71M | $2.08M | $10.38M | $11.12M | $5.02M |
| Product Engineering Services | $3.49M | $3.34M | $11.83M | $2.43M | $2.29M | $2.57M | $3.63M | $3.75M | $824.00K | $1.11M | $3.95M |
| 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 Aug 24: Product (90.16%), Product Engineering Services (5.84%), and License (4.00%).
Credo Technology Group Revenue Breakdown by Country
Annual Revenue by Country
| Country | Apr 24 | Apr 23 | Apr 22 |
|---|---|---|---|
| REST OF THE WORLD | $23.69M | $20.26M | $19.25M |
| TAIWAN | $21.29M | - | - |
| UNITED STATES | $49.57M | $44.25M | $27.70M |
| CHINA | $28.26M | $96.94M | $37.70M |
| HONG KONG | $70.16M | $9.65M | $11.70M |
| MEXICO | - | $13.10M | $10.14M |
| License | - | - | $23.31M |
| Product | - | - | $73.72M |
| Product Engineering Services | - | - | $7.74M |
| IP License Engineering Services | - | - | $1.71M |
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
| Country | Aug 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| REST OF THE WORLD | $9.14M | $6.22M | $4.95M | $7.26M | $5.26M | $3.42M | $6.94M | $4.62M | $5.28M | $15.50M | $1.96M |
| UNITED STATES | $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 | - | - | - | - | - | - |
| HONG KONG | $29.27M | $21.17M | $28.39M | $18.61M | $1.99M | $1.02M | $1.58M | $2.28M | $4.76M | $5.44M | $3.28M |
| CHINA | $9.75M | $5.96M | $798.00K | $5.42M | $16.08M | $13.52M | $29.23M | $31.42M | $22.76M | $13.63M | $14.73M |
| MEXICO | - | - | - | - | - | $8.96M | $2.61M | $1.52M | $3.86M | $2.40M | - |
| Product | - | - | - | - | - | - | $38.03M | - | - | - | - |
| Product Engineering Services | - | - | - | - | - | - | $3.63M | - | - | - | - |
| License | - | - | - | - | - | - | $11.71M | - | - | - | - |
| IP License Engineering Services | - | - | - | - | - | - | $887.00K | - | - | - | - |
| 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 Aug 24: HONG KONG (49.02%), UNITED STATES (18.09%), CHINA (16.32%), REST OF THE WORLD (15.30%), and TAIWAN (1.27%).
Credo Technology Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CSCO | Cisco Systems | $53.80B | $12.70B |
| NOK | Nokia Oyj | $22.26B | $4.67B |
| MSI | Motorola Solutions | $9.98B | $2.63B |
| JNPR | Juniper Networks | $5.56B | $1.19B |
| ZBRA | Zebra | $4.58B | $1.21B |
| CIEN | Ciena | $4.39B | $942.31M |
| UI | Ubiquiti | $1.93B | $493.00M |
| INFN | Infinera | $1.61B | $342.74M |
| LITE | Lumentum | $1.36B | $366.50M |
| EXTR | Extreme Networks | $1.12B | $211.04M |
| VIAV | Viavi Solutions | $1.00B | $246.00M |
| CLFD | Clearfield | $268.72M | $48.79M |
| AAOI | Applied Optoelectronics | $217.65M | $43.27M |
| CRDO | Credo Technology Group | $192.97M | $59.71M |
| CLRO | ClearOne | $18.70M | $3.62M |
| SATX | Satixfy Communications | $10.73M | $1.91M |
| SYTA | Siyata Mobile | $8.23M | $2.36M |
| ASNS | Actelis 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 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). The company'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). CRDO's quarterly revenue for Q3 2024 was $53.06M, a 20.49% increase from the previous quarter (Q2 2024), and a -2.23% decrease year-over-year (Q3 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.