Credo Technology Group (CRDO) Q2 2025 Earnings Call Transcript

For the period ending November 2, 2024

December 2, 2024 5:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, and thank you for standing by. Welcome to the Credo Second Quarter Fiscal Year 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to turn the conference over to your speaker for today, Dan O'Neil. Please go ahead.

Dan O'Neil

Good afternoon. Thank you for joining our earnings call for the second quarter of fiscal 2025. Today, I am joined by Credo's Chief Executive Officer, Bill Brennan; and our Chief Financial Officer, Dan Fleming.

During this call, we will make certain forward-looking statements. These forward-looking statements are subject to risks and uncertainties discussed in detail in our documents filed with the SEC, which can be found in the Investor Relations section of the company's website.

It is not possible for the company's management to predict all risks nor can the company assess the impact of all factors on its business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks, uncertainties and assumptions, the forward-looking events discussed during this call may not occur, and actual results could differ materially and adversely from those anticipated or implied.

The company undertakes no obligation to publicly update forward-looking statements for any reason after the date of this call to conform these statements to actual results or to changes in the company's expectations except as required by law.

Also during this call, we will refer to certain non-GAAP financial measures, which we consider to be important measures of the company's performance. These non-GAAP financial measures are provided in addition to and not as a substitute for or superior to financial performance prepared in accordance with U.S. GAAP. A discussion of why we use non-GAAP financial measures and reconciliations between our GAAP and non-GAAP financial measures is available in the earnings release we issued today, which can be accessed using the Investor Relations portion of our website.

I will now turn the call over to our CEO. Bill?

Bill Brennan

Welcome to our Q2 fiscal '25 earnings call. I'll begin by discussing our results for the second quarter, and then I'll provide comments on our outlook. After my remarks, Dan Fleming, our CFO, will provide details on Q2 and guidance.