Credo Technology Group Holding Ltd

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paragraph:5: Document Exhibit 99.1

paragraph:6: Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2026 Financial Results San Jose, Calif. (June 1, 2026) - Credo Technology Group Holding Ltd (Nasdaq: CRDO) (“Credo”), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today reported financial results for the fourth quarter and full fiscal year 2026, ended May 2, 2026. Fourth Quarter of Fiscal Year 2026 Financial Highlights • Revenue of $437.0 million grew by 7.4% quarter over quarter and 157.0% year over year • GAAP gross margin of 68.2% and non-GAAP gross margin of 68.3% • GAAP operating expenses of $142.2 million and non-GAAP operating expenses of $81.7 million • GAAP net income of $169.1 million and non-GAAP net income of $226.7 million • GAAP diluted net income per share of $0.88 and non-GAAP diluted net income per share of $1.16 • Ending cash and short-term investment balance of $1.4 billion Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “Fiscal 2026 marked another defining year for Credo. For the year, revenue more than tripled to $1.3 billion , and non-GAAP net income increased more than five times to $662 million . As we enter into fiscal 2027, Credo expects to achieve continued strong financial performance with our innovative and vertically integrated approach that enables customers to accelerate cluster time-to-stability, maximize GPU utilization, improve network reliability, and reduce overall infrastructure power and operating costs. ” First Quarter of Fiscal Year 2027 Financial Outlook

paragraph:7: • Revenue is expected to be between $465.0 million and $475.0 million • GAAP gross margin is expected to be between 66.9% and 68.9%, and non-GAAP gross margin is expected to be between 67.0% and 69.0% • GAAP operating expenses are expected to be between $167.6 million and $171.6 million, and non-GAAP operating expenses are expected to be between $86.0 million and $90.0 million Webcast and Conference Call Information Credo will conduct a conference call on Monday, June 1, 2026, at 2:00 p.m. Pacific Time to discuss its financial results for the fourth quarter and fiscal year 2026, ended May 2, 2026. Interested parties may join the conference call by dialing 833-461-5787 (toll-free) or +1 585-542-9983 (international). The conference ID for the call is 721028678. It is recommended that participants register and dial in for the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com/. A replay of the webcast will be available via the web at http://investors.credosemi.com/. Discussion of Non-GAAP Financial Measures This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP. The non-GAAP financial measures that Credo presents may not be comparable to similarly titled measures of other companies and other companies may not calculate such measures in the same manner as we do. Non-GAAP financial measures exclude the effect of share-based compensation expenses, acquisition and integration related costs, amortization of acquired intangible assets, asset impairment and related charges (if applicable), and the related tax effect adjustment to the provision for income taxes. Credo uses a full-year non-GAAP tax rate to compute the non-GAAP tax provision. This full-year non-GAAP tax rate is based on Credo’s annual GAAP income, adjusted to exclude non-GAAP items, as well as the effects of significant non-recurring and period-specific tax items which vary in size and frequency. Credo’s non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate, such as tax law changes, significant changes in Credo’s geographic mix of revenue and expenses or changes to Credo’s corporate structure. GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a non-GAAP net loss, and calculated using non-GAAP diluted weighted average shares outstanding when there is a non-GAAP net income. Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of share-based compensation expenses expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. Credo believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Credo’s financial condition and results of operations. While Credo uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Credo does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Credo believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Credo’s non-GAAP financial measures useful in their assessment of Credo's operating performance and the valuation of Credo. Internally, Credo's non-GAAP financial measures are used in the following areas: • Management’s evaluation of Credo’s operating performance; • Management’s establishment of internal operating budgets; and • Management’s performance comparisons with internal forecasts and targeted business models.

paragraph:8: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Credo’s business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Credo’s results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; financial outlook; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would,” “outlook,” “forecast,” “targets” and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on July 2, 2025, as well as Credo’s other filings with the SEC, for further information on risks and uncertainties that could affect Credo’s business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo’s website or Credo’s investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. About Credo Credo’s mission is to transform connectivity at scale through fast, reliable and energy-efficient system solutions. Our high-speed copper and optical interconnect products deliver industry-leading power and performance at up to 1.6T to meet the ever-expanding data infrastructure demands of AI. Our product portfolio includes ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, all leveraging the PILOT diagnostic and analytics software platform. Credo innovations enable our customers to connect the systems that connect the world. For more information, please visit https://www.credosemi.com. Credo and the Credo logo are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners. Credo Technology Group Holding Ltd Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts)

paragraph:9: Three Months Ended Year Ended May 2, 2026 January 31, 2026 May 3, 2025 May 2, 2026 May 3, 2025 Revenue $ 437,003 $ 407,012 $ 170,025 $ 1,335,116 $ 436,775 Cost of revenue 138,936 128,144 55,837 426,767 153,866 Gross profit 298,067 278,868 114,188 908,349 282,909 Operating expenses: Research and development 90,534 78,483 48,455 279,381 146,867 Selling, general and administrative 51,688 50,763 31,945 183,963 98,918 Total operating expenses 142,222 129,246 80,400 463,344 245,785 Operating income 155,845 149,622 33,788 445,005 37,124 Other income, net 12,136 9,459 3,821 30,430 17,746 Income before income taxes 167,981 159,081 37,609 475,435 54,870 Provision (benefits) for income taxes (1,121) 1,939 1,021 3,156 2,687 Net income $ 169,102 $ 157,142 $ 36,588 $ 472,279 $ 52,183 Net income per share: Basic $ 0.92 $ 0.86 $ 0.21 $ 2.65 $ 0.31 Diluted $ 0.88 $ 0.82 $ 0.20 $ 2.51 $ 0.29 Weighted average shares used in computing net income per share: Basic 184,683 182,222 170,405 178,538 167,505 Diluted 192,681 192,023 182,119 188,232 181,158 Credo Technology Group Holding Ltd Condensed Consolidated Balance Sheets (Unaudited) (In thousands)

paragraph:10: May 2, 2026 May 3, 2025 Assets Current assets: Cash and cash equivalents $ 1,164,952 $ 236,328 Short-term investments 278,334 195,010 Accounts receivable 233,377 162,144 Inventories 250,831 90,029 Other current assets 73,576 30,023 Total current assets 2,001,070 713,534 Property and equipment, net 101,605 63,631 Right of use assets 24,640 15,234 Goodwill 92,798 — Intangible assets, net 29,262 — Other non-current assets 46,244 16,858 Total assets $ 2,295,619 $ 809,257 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 107,345 $ 56,158 Accrued compensation and benefits 21,626 16,097 Other current liabilities 68,120 35,456 Total current liabilities 197,091 107,711 Non-current operating lease liabilities 20,617 12,693 Other non-current liabilities 14,299 7,271 Total liabilities 232,007 127,675 Shareholders' equity: Ordinary shares 9 8 Additional paid-in capital 1,672,060 765,173 Accumulated other comprehensive income (loss) 2,426 (437) Retained earnings (accumulated deficit) 389,117 (83,162) Total shareholders' equity 2,063,612 681,582 Total liabilities and shareholders' equity $ 2,295,619 $ 809,257 Credo Technology Group Holding Ltd Reconciliations from GAAP to Non-GAAP Results (Unaudited) (In thousands, except percentages and per share amounts) Three Months Ended Year Ended May 2, 2026 January 31, 2026 May 3, 2025 May 2, 2026 May 3, 2025 GAAP gross profit $ 298,067 $ 278,868 $ 114,188 $ 908,349 $ 282,909 Reconciling item: Share-based compensation 354 354 356 1,418 1,194 Total reconciling item 354 354 356 1,418 1,194 Non-GAAP gross profit $ 298,421 $ 279,222 $ 114,544 $ 909,767 $ 284,103 GAAP gross margin 68.2% 68.5% 67.2% 68.0% 64.8% Non-GAAP gross margin 68.3% 68.6% 67.4% 68.1% 65.0% Total GAAP operating expenses $ 142,222 $ 129,246 $ 80,400 $ 463,344 $ 245,785 Reconciling items: Share-based compensation (49,344) (51,806) (27,506) (181,220) (76,161) Acquisition and integration related costs (9,279) — — (9,279) — Amortization of acquired intangible assets (400) — — (400) — Impairment and related charges (1,500) — (873) (1,500) (873) Total reconciling items (60,523) (51,806) (28,379) (192,399) (77,034) Total Non-GAAP operating expenses $ 81,699 $ 77,440 $ 52,021 $ 270,945 $ 168,751 GAAP operating income $ 155,845 $ 149,622 $ 33,788 $ 445,005 $ 37,124 Non-GAAP operating income $ 216,722 $ 201,782 $ 62,523 $ 638,822 $ 115,352 GAAP operating income margin 35.7% 36.8% 19.9% 33.3% 8.5% Non-GAAP operating income margin 49.6% 49.6% 36.8% 47.8% 26.4% GAAP net income $ 169,102 $ 157,142 $ 36,588 $ 472,279 $ 52,183 Reconciling items: Share-based compensation 49,698 52,160 27,862 182,638 77,355 Acquisition and integration related costs 9,279 — — 9,279 — Amortization of acquired intangible assets 400 — — 400 — Impairment and related charges 1,500 — 873 1,500 873 Pre-tax total reconciling items 60,877 52,160 28,735 193,817 78,228 Other income tax effects and adjustments (3,299) (509) (69) (4,553) (485) Non-GAAP net income $ 226,680 $ 208,793 $ 65,254 $ 661,543 $ 129,926 GAAP net income margin 38.7% 38.6% 21.5% 35.4% 11.9% Non-GAAP net income margin 51.9% 51.3% 38.4% 49.5% 29.7% GAAP weighted average shares - basic 184,683 182,222 170,405 178,538 167,505 GAAP weighted average shares - diluted 192,681 192,023 182,119 188,232 181,158 Non-GAAP adjustment 3,255 2,878 4,824 3,024 3,486 Non-GAAP weighted average shares - diluted 195,936 194,901 186,943 191,256 184,644 GAAP diluted net income per share $ 0.88 $ 0.82 $ 0.20 $ 2.51 $ 0.29 Non-GAAP diluted net income per share $ 1.16 $ 1.07 $ 0.35 $ 3.46 $ 0.70 Credo Technology Group Holding Ltd Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates (In millions, except percentages) Three Months Ended August 1, 2026 Low High GAAP gross margin 66.9 % 68.9 % Reconciling item: Share-based compensation 0.1 % 0.1 % Total reconciling item 0.1 % 0.1 % Non-GAAP gross margin 67.0 % 69.0 % Total GAAP operating expenses $ 167.6 $ 171.6 Reconciling item: Share-based compensation 70.0 70.0 Acquisition and integration related costs 11.0 11.0 Amortization of acquired intangible assets 0.6 0.6 Total reconciling item 81.6 81.6 Total non-GAAP operating expenses $ 86.0 $ 90.0

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paragraph:5: Document Exhibit 99.1

paragraph:6: Credo Technology Group Holding Ltd Reports Third Quarter of Fiscal Year 2026 Financial Results San Jose, Calif. (March 2, 2026) - Credo Technology Group Holding Ltd (Credo) (Nasdaq: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today reported financial results for the third quarter of fiscal year 2026, ended January 31, 2026. Third Quarter of Fiscal Year 2026 Financial Highlights • Revenue of $407.0 million, grew by 51.9% quarter over quarter and 201.5% year over year • GAAP gross margin of 68.5% and non-GAAP gross margin of 68.6% • GAAP operating expenses of $129.2 million and non-GAAP operating expenses of $77.4 million • GAAP net income of $157.1 million and non-GAAP net income of $208.8 million • GAAP diluted net income per share of $0.82 and non-GAAP diluted net income per share of $1.07 • Ending cash and short-term investment balance of $1.3 billion Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “In the third quarter Credo once again delivered record results with revenue of $407.0 million , an increase of more than 50% sequentially and 200% year over year. With continued growth in AECs and ICs and the announcement of three new multi-billion dollar TAM expansions through ZeroFlap optics, ALCs, and OmniConnect, we remain confident in our ability to innovate and grow in the expanding AI infrastructure landscape.” Fourth Quarter of Fiscal 2026 Financial Outlook

paragraph:7: • Revenue is expected to be between $425.0 million and $435.0 million • GAAP gross margin is expected to be between 63.9% and 65.9%, and non-GAAP gross margin is expected to be between 64.0% and 66.0% • GAAP operating expenses are expected to be between 125.5 million and 129.5 million, and non-GAAP operating expenses are expected to be between $76.0 million and $80.0 million Conference Call Credo will conduct a conference call on Monday, March 2, 2026, at 2:00 p.m. Pacific Time to discuss its financial results for the third quarter of fiscal year 2026, ended January 31, 2026. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Monday, March 2, 2026, by dialing (800) 715-9871 (toll-free) or +1 (646) 307-1963 (international). The conference ID for the call is 5251802.. It is recommended that participants dial in to the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com. A replay of the webcast will be available via the web at http://investors.credosemi.com. Discussion of Non-GAAP Financial Measures This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP. The non-GAAP financial measures that Credo presents may not be comparable to similarly titled measures of other companies and other companies may not calculate such measures in the same manner as we do. Non-GAAP financial measures exclude the effect of share-based compensation expenses, asset impairment and related charges (if applicable), and the related tax effect adjustment to the provision for income taxes. Credo uses a full-year non-GAAP tax rate to compute the non-GAAP tax provision. This full-year non-GAAP tax rate is based on Credo’s annual GAAP income, adjusted to exclude non-GAAP items, as well as the effects of significant non-recurring and period-specific tax items which vary in size and frequency. Credo’s non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate, such as tax law changes, significant changes in Credo’s geographic mix of revenue and expenses or changes to Credo’s corporate structure. GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a non-GAAP net loss, and calculated using non-GAAP diluted weighted average shares outstanding when there is a non-GAAP net income. Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of share-based compensation expenses expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. Credo believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Credo’s financial condition and results of operations. While Credo uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Credo does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Credo believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Credo’s non-GAAP financial measures useful in their assessment of Credo's operating performance and the valuation of Credo. Internally, Credo's non-GAAP financial measures are used in the following areas: • Management’s evaluation of Credo’s ongoing operating performance; • Management’s establishment of internal operating budgets; and • Management’s performance comparisons with internal forecasts and targeted business models.

paragraph:8: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Credo’s business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Credo’s results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; financial outlook; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would,” “outlook,” “forecast,” “targets” and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on July 2, 2025, as well as Credo’s other filings with the SEC, for further information on risks and uncertainties that could affect Credo’s business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo’s website or Credo’s investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. About Credo Credo’s mission is to transform connectivity at scale through fast, reliable and energy-efficient system solutions. Our high-speed copper and optical interconnect products deliver industry-leading power and performance at up to 1.6T to meet the ever-expanding data infrastructure demands of AI. Our product portfolio includes ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, all leveraging the PILOT diagnostic and analytics software platform. Credo innovations enable our customers to connect the systems that connect the world. For more information, please visit https://www.credosemi.com. Credo and the Credo logo are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners. Investor Contact: Dan O’Neil IR@credosemi.com Credo Technology Group Holding Ltd Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts)

paragraph:9: Three Months Ended Nine Months Ended January 31, 2026 November 1, 2025 February 1, 2025 January 31, 2026 February 1, 2025 Revenue 407,012 268,027 135,002 898,113 266,750 Cost of revenue 128,144 86,981 49,076 287,831 98,029 Gross profit 278,868 181,046 85,926 610,282 168,721 Operating expenses: Research and development 78,483 57,916 36,261 188,847 98,412 Selling, general and administrative 50,763 44,334 23,471 132,275 66,973 Total operating expenses 129,246 102,250 59,732 321,122 165,385 Operating income 149,622 78,796 26,194 289,160 3,336 Other income, net 9,459 4,889 3,918 18,294 13,925 Income before income taxes 159,081 83,685 30,112 307,454 17,261 Provision for income taxes 1,939 1,049 752 4,277 1,666 Net income $ 157,142 $ 82,636 $ 29,360 $ 303,177 $ 15,595 Net income per share: Basic $ 0.86 $ 0.47 $ 0.17 $ 1.72 $ 0.09 Diluted $ 0.82 $ 0.44 $ 0.16 $ 1.62 $ 0.09 Weighted-average shares used in computing net income per share: Basic 182,222 175,307 168,167 176,490 166,562 Diluted 192,023 187,659 182,464 186,598 180,495 Credo Technology Group Holding Ltd Condensed Consolidated Balance Sheets (Unaudited) (In thousands)

paragraph:10: January 31, 2026 May 3, 2025 Assets Current assets: Cash and cash equivalents $ 1,220,464 $ 236,328 Short-term investments 81,000 195,010 Accounts receivable 243,213 162,144 Inventories 207,958 90,029 Other current assets 33,958 30,023 Total current assets 1,786,593 713,534 Property and equipment, net 105,989 63,631 Right-of-use assets 15,517 15,234 Goodwill 70,859 — Intangible asset 17,624 — Other non-current assets 40,757 16,858 Total assets $ 2,037,339 $ 809,257 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 93,822 $ 56,158 Accrued compensation and benefits 14,419 16,097 Other current liabilities 56,951 35,456 Total current liabilities 165,192 107,711 Non-current operating lease liabilities 12,616 12,693 Other non-current liabilities 10,645 7,271 Total liabilities 188,453 127,675 Shareholders' equity: Ordinary shares 9 8 Additional paid in capital 1,626,787 765,173 Accumulated other comprehensive income (loss) 2,075 (437) Retained earnings (accumulated deficit) 220,015 (83,162) Total shareholders' equity 1,848,886 681,582 Total liabilities and shareholders' equity $ 2,037,339 $ 809,257 Credo Technology Group Holding Ltd Reconciliations from GAAP to Non-GAAP (Unaudited) (In thousands, except percentages and per share amounts) Three Months Ended Nine Months Ended January 31, 2026 November 1, 2025 February 1, 2025 January 31, 2026 February 1, 2025 GAAP gross profit $ 278,868 $ 181,046 $ 85,926 $ 610,282 $ 168,721 Reconciling item: Share-based compensation 354 354 226 1,064 838 Total reconciling item: 354 354 226 1,064 838 Non-GAAP gross profit (A) $ 279,222 $ 181,400 $ 86,152 $ 611,346 $ 169,559 GAAP gross margin 68.5 % 67.5 % 63.6 % 68.0 % 63.3 % Non-GAAP gross margin 68.6 % 67.7 % 63.8 % 68.1 % 63.6 % Total GAAP operating expenses $ 129,246 $ 102,250 $ 59,732 $ 321,122 $ 165,385 Reconciling item: Share-based compensation (51,806) (44,970) (15,964) (131,875) (48,655) Total reconciling item: (51,806) (44,970) (15,964) (131,875) (48,655) Total Non-GAAP operating expenses (B) $ 77,440 $ 57,280 $ 43,768 $ 189,247 $ 116,730 GAAP operating income $ 149,622 $ 78,796 $ 26,194 $ 289,160 $ 3,336 Non-GAAP operating income (A-B) $ 201,782 $ 124,120 $ 42,384 $ 422,099 $ 52,829 GAAP operating income margin 36.8 % 29.4 % 19.4 % 32.2 % 1.3 % Non-GAAP operating income margin 49.6 % 46.3 % 31.4 % 47.0 % 19.8 % GAAP net income $ 157,142 $ 82,636 $ 29,360 $ 303,177 $ 15,595 Reconciling items: Share-based compensation 52,160 45,324 16,190 132,939 49,493 Pre-tax total reconciling item 52,160 45,324 16,190 132,939 49,493 Other income tax effects and adjustments (509) (172) (172) (1,254) (416) Non-GAAP net income $ 208,793 $ 127,788 $ 45,378 $ 434,862 $ 64,672 GAAP net income margin 38.6 % 30.8 % 21.7 % 33.8 % 5.8 % Non-GAAP net income margin 51.3 % 47.7 % 33.6 % 48.4 % 24.2 % GAAP weighted-average shares - basic 182,222 175,307 168,167 176,490 166,562 GAAP weighted-average shares - diluted 192,023 187,659 182,464 186,598 180,495 Non-GAAP adjustment 2,878 2,896 2,028 3,103 3,335 Non-GAAP weighted-average shares - diluted 194,901 190,555 184,492 189,701 183,830 GAAP diluted net income per share $ 0.82 $ 0.44 $ 0.16 $ 1.62 $ 0.09 Non-GAAP diluted net income per share $ 1.07 $ 0.67 $ 0.25 $ 2.29 $ 0.35 Credo Technology Group Holding Ltd Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates (In millions, except percentages) Outlook for Three Months Ending May 2, 2026 Low High GAAP gross margin 63.9 % 65.9 % Reconciling item: Share-based compensation 0.1 % 0.1 % Total reconciling item: 0.1 % 0.1 % Non-GAAP gross margin 64.0 % 66.0 % Total GAAP operating expenses $ 125.5 $ 129.5 Reconciling item: Share-based compensation 49.5 49.5 Total reconciling item: 49.5 49.5 Total Non-GAAP operating expenses $ 76.0 $ 80.0

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paragraph:5: Document Exhibit 99.1

paragraph:6: Credo Technology Group Holding Ltd Reports Second Quarter of Fiscal Year 2026 Financial Results San Jose, Calif. (December 1, 2025) - Credo Technology Group Holding Ltd (Credo) (Nasdaq: CRDO), an innovator in providing reliable, energy-efficient, system-level connectivity solutions for the next generation of AI-driven applications, cloud computing and hyperscale networks, today reported financial results for the second quarter of fiscal year 2026, ended November 1, 2025. Second Quarter of Fiscal Year 2026 Financial Highlights • Revenue of $268.0 million, grew by 20.2% quarter over quarter and 272.1% year over year • GAAP gross margin of 67.5% and non-GAAP gross margin of 67.7% • GAAP operating expenses of $102.3 million and non-GAAP operating expenses of $57.3 million • GAAP net income of $82.6 million and non-GAAP net income of $127.8 million • GAAP diluted net income per share of $0.44 and non-GAAP diluted net income per share of $0.67 • Ending cash and short-term investment balance of $813.6 million Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “In the second quarter Credo delivered revenue of $268.0 million , an increase of 20% sequentially and an extraordinary 272% increase year-over-year. These are the strongest quarterly results in Credo’s history, and they reflect the continued build-out of the world’s largest AI training and inference clusters. Looking forward, the combination of continued growth in our core AEC and IC franchises, plus the upcoming ramps of our recently announced ZeroFlap Optics, ALCs, and OmniConnect gearbox solutions, gives us an outlook with strong revenue growth and profitability through fiscal 2026 and beyond.” Third Quarter of Fiscal 2026 Financial Outlook

paragraph:7: • Revenue is expected to be between $335.0 million and $345.0 million • GAAP gross margin is expected to be between 63.8% and 65.8%, and non-GAAP gross margin is expected to be between 64.0% and 66.0% • GAAP operating expenses are expected to be between 116.0 million and 120.0 million, and non-GAAP operating expenses are expected to be between $68.0 million and $72.0 million Conference Call Credo will conduct a conference call on Monday, December 1, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the second quarter of fiscal year 2026, ended November 1, 2025. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Monday, December 1, 2025 by dialing 800-715-9871 (toll-free) or +1 646-307-1963 (international). The conference ID for the call is 5251802. It is recommended that participants dial in to the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com. A replay of the webcast will be available via the web at http://investors.credosemi.com. Discussion of Non-GAAP Financial Measures This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP. The non-GAAP financial measures that Credo presents may not be comparable to similarly titled measures of other companies and other companies may not calculate such measures in the same manner as we do. Non-GAAP financial measures exclude the effect of share-based compensation expenses, asset impairment and related charges (if applicable), and the related tax effect adjustment to the provision for income taxes. Credo uses a full-year non-GAAP tax rate to compute the non-GAAP tax provision. This full-year non-GAAP tax rate is based on Credo’s annual GAAP income, adjusted to exclude non-GAAP items, as well as the effects of significant non-recurring and period-specific tax items which vary in size and frequency. Credo’s non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate, such as tax law changes, significant changes in Credo’s geographic mix of revenue and expenses or changes to Credo’s corporate structure. GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a non-GAAP net loss, and calculated using non-GAAP diluted weighted average shares outstanding when there is a non-GAAP net income. Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of share-based compensation expenses expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. Credo believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Credo’s financial condition and results of operations. While Credo uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Credo does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Credo believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Credo’s non-GAAP financial measures useful in their assessment of Credo's operating performance and the valuation of Credo. Internally, Credo's non-GAAP financial measures are used in the following areas: • Management’s evaluation of Credo’s ongoing operating performance; • Management’s establishment of internal operating budgets; and • Management’s performance comparisons with internal forecasts and targeted business models.

paragraph:8: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Credo’s business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Credo’s results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; financial outlook; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would,” “outlook,” “forecast,” “targets” and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on July 2, 2025, as well as Credo’s other filings with the SEC, for further information on risks and uncertainties that could affect Credo’s business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo’s website or Credo’s investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. About Credo Credo’s mission is to redefine high-speed connectivity by delivering breakthrough solutions that enable the next generation of AI-driven applications. We are committed to enabling faster, more reliable, more energy-efficient, and scalable solutions that support the ever-expanding demands of AI, cloud computing, and hyperscale networks. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security, and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100G (or Gigabits per second), 200G, 400G, 800G and the emerging 1.6T (or Terabits per second) port markets. Credo products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include Integrated Circuits (ICs) for the optical and line card markets, Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing. For more information, please visit https://www.credosemi.com. Credo and the Credo logo are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners. Investor Relations Contact: Dan O’Neil IR@credosemi.com Credo Technology Group Holding Ltd Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts)

paragraph:9: Three Months Ended Six Months Ended November 1, 2025 August 2, 2025 November 2, 2024 November 1, 2025 November 2, 2024 Revenue: Product sales revenue $ 261,293 $ 217,059 $ 69,075 $ 478,352 $ 126,400 IP license revenue 6,734 6,015 2,959 12,749 5,348 Total revenue 268,027 223,074 72,034 491,101 131,748 Cost of revenue 86,981 72,706 26,522 159,687 48,953 Gross profit 181,046 150,368 45,512 331,414 82,795 Operating expenses: Research and development 57,916 52,448 31,742 110,364 62,151 Selling, general and administrative 44,334 37,178 22,177 81,512 43,502 Total operating expenses 102,250 89,626 53,919 191,876 105,653 Operating income (loss) 78,796 60,742 (8,407) 139,538 (22,858) Other income, net 4,889 3,946 4,474 8,835 10,007 Income (loss) before income taxes 83,685 64,688 (3,933) 148,373 (12,851) Provision for income taxes 1,049 1,289 292 2,338 914 Net income (loss) $ 82,636 $ 63,399 $ (4,225) $ 146,035 $ (13,765) Net income (loss) per share: Basic $ 0.47 $ 0.37 $ (0.03) $ 0.84 $ (0.08) Diluted $ 0.44 $ 0.34 $ (0.03) $ 0.79 $ (0.08) Weighted-average shares used in computing net income (loss) per share: Basic 175,307 171,927 166,487 173,623 165,789 Diluted 187,659 184,577 166,487 185,465 165,789 Credo Technology Group Holding Ltd Condensed Consolidated Balance Sheets (Unaudited) (In thousands)

paragraph:10: November 1, 2025 May 3, 2025 Assets Current assets: Cash and cash equivalents $ 567,575 $ 236,328 Short-term investments 246,000 195,010 Accounts receivable 245,197 162,144 Inventories 150,194 90,029 Other current assets 34,457 30,023 Total current assets 1,243,423 713,534 Property and equipment, net 85,994 63,631 Right-of-use assets 15,666 15,234 Goodwill 68,875 — Intangible asset 17,131 — Other non-current assets 18,183 16,858 Total assets $ 1,449,272 $ 809,257 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 64,097 $ 56,158 Accrued compensation and benefits 19,347 16,097 Other current liabilities 56,927 35,456 Total current liabilities 140,371 107,711 Non-current operating lease liabilities 12,811 12,693 Other non-current liabilities 10,017 7,271 Total liabilities 163,199 127,675 Shareholders' equity: Ordinary shares 9 8 Additional paid in capital 1,223,823 765,173 Accumulated other comprehensive loss (632) (437) Retained earnings (accumulated deficit) 62,873 (83,162) Total shareholders' equity 1,286,073 681,582 Total liabilities and shareholders' equity $ 1,449,272 $ 809,257 Credo Technology Group Holding Ltd Reconciliations from GAAP to Non-GAAP (Unaudited) (In thousands, except percentages and per share amounts) Three Months Ended Six Months Ended November 1, 2025 August 2, 2025 November 2, 2024 November 1, 2025 November 2, 2024 GAAP gross profit $ 181,046 $ 150,368 $ 45,512 $ 331,414 $ 82,795 Reconciling item: Share-based compensation 354 356 331 710 612 Total reconciling item: 354 356 331 710 612 Non-GAAP gross profit (A) $ 181,400 $ 150,724 $ 45,843 $ 332,124 $ 83,407 GAAP gross margin 67.5 % 67.4 % 63.2 % 67.5 % 62.8 % Non-GAAP gross margin 67.7 % 67.6 % 63.6 % 67.6 % 63.3 % Total GAAP operating expenses $ 102,250 $ 89,626 $ 53,919 $ 191,876 $ 105,653 Reconciling item: Share-based compensation (44,970) (35,099) (16,332) (80,069) (32,691) Total reconciling item: (44,970) (35,099) (16,332) (80,069) (32,691) Total Non-GAAP operating expenses (B) $ 57,280 $ 54,527 $ 37,587 $ 111,807 $ 72,962 GAAP operating income (loss) $ 78,796 $ 60,742 $ (8,407) $ 139,538 $ (22,858) Non-GAAP operating income (A-B) $ 124,120 $ 96,197 $ 8,256 $ 220,317 $ 10,445 GAAP operating income (loss) margin 29.4 % 27.2 % (11.7) % 28.4 % (17.3) % Non-GAAP operating income margin 46.3 % 43.1 % 11.5 % 44.9 % 7.9 % GAAP net income (loss) $ 82,636 $ 63,399 $ (4,225) $ 146,035 $ (13,765) Reconciling items: Share-based compensation 45,324 35,455 16,663 80,779 33,303 Pre-tax total reconciling item 45,324 35,455 16,663 80,779 33,303 Other income tax effects and adjustments (172) (573) (183) (745) (244) Non-GAAP net income $ 127,788 $ 98,281 $ 12,255 $ 226,069 $ 19,294 GAAP weighted-average shares - basic 175,307 171,927 166,487 173,623 165,789 GAAP weighted-average shares - diluted 187,659 184,577 166,487 185,465 165,789 Non-GAAP adjustment 2,896 4,289 15,769 3,373 16,087 Non-GAAP weighted-average shares - diluted 190,555 188,866 182,256 188,838 181,876 GAAP diluted net income (loss) per share $ 0.44 $ 0.34 $ (0.03) $ 0.79 $ (0.08) Non-GAAP diluted net income per share $ 0.67 $ 0.52 $ 0.07 $ 1.20 $ 0.11 Credo Technology Group Holding Ltd Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates (In millions, except percentages) Outlook for Three Months Ending January 31, 2026 Low High GAAP gross margin 63.8 % 65.8 % Reconciling item: Share-based compensation 0.2 % 0.2 % Total reconciling item: 0.2 % 0.2 % Non-GAAP gross margin 64.0 % 66.0 % Total GAAP operating expenses $ 116.0 $ 120.0 Reconciling item: Share-based compensation 48.0 48.0 Total reconciling item: 48.0 48.0 Total Non-GAAP operating expenses $ 68.0 $ 72.0

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paragraph:4: EX-99.1

paragraph:5: Document Exhibit 99.1

paragraph:6: Credo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2026 Financial Results San Jose, Calif. (September 3, 2025) - Credo Technology Group Holding Ltd (Credo) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency for the next generation of AI-driven applications, cloud computing and hyperscale networks, today reported financial results for the first quarter of fiscal year 2026, ended August 2, 2025. First Quarter of Fiscal Year 2026 Financial Highlights • Revenue of $223.1 million, grew by 274% year over year and 31% quarter over quarter • GAAP gross margin of 67.4% and non-GAAP gross margin of 67.6% • GAAP operating expenses of $89.6 million and non-GAAP operating expenses of $54.5 million • GAAP net income of $63.4 million and non-GAAP net income of $98.3 million • GAAP diluted net income per share of $0.34 and non-GAAP diluted net income per share of $0.52 • Ending cash and short-term investment balance of $479.6 million Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “During the first quarter of fiscal 2026, Credo continued a strong growth trajectory. First quarter revenue increased 31% sequentially, and 274% year over year, to $223.1 million . The Company’s growth has been driven by deep, strategic partnerships with hyperscalers and key customers. Given increasing market demand for reliable and power-efficient connectivity solutions, we expect continued revenue growth and diversification in terms of customers, protocols and applications. ” Second Quarter of Fiscal 2026 Financial Outlook

paragraph:7: • Revenue is expected to be between $230.0 million and $240.0 million • GAAP gross margin is expected to be between 63.5% and 65.5%, and non-GAAP gross margin is expected to be between 64.0% and 66.0% • GAAP operating expenses are expected to be between $96.0 million and $98.0 million, and non-GAAP operating expenses are expected to be between $56.0 million and $58.0 million Conference Call Credo will conduct a conference call on Wednesday, September 3, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the first quarter of fiscal year 2026, ended August 2, 2025. Interested parties may join the conference call by dialing 800-715-9871 (toll-free) or +1 646-307-1963 (international). The conference ID for the call is 5251802. It is recommended that participants dial in to the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com. A replay of the webcast will be available via the web at http://investors.credosemi.com. Discussion of Non-GAAP Financial Measures This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP. The non-GAAP financial measures that Credo presents may not be comparable to similarly titled measures of other companies and other companies may not calculate such measures in the same manner as we do. Non-GAAP financial measures exclude the effect of share-based compensation expenses, asset impairment and related charges (if applicable), and the related tax effect adjustment to the provision for income taxes. Credo uses a full-year non-GAAP tax rate to compute the non-GAAP tax provision. This full-year non-GAAP tax rate is based on Credo’s annual GAAP income, adjusted to exclude non-GAAP items, as well as the effects of significant non-recurring and period-specific tax items which vary in size and frequency. Credo’s non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate, such as tax law changes, significant changes in Credo’s geographic mix of revenue and expenses or changes to Credo’s corporate structure. GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a non-GAAP net loss, and calculated using non-GAAP diluted weighted average shares outstanding when there is a non-GAAP net income. Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of share-based compensation expenses expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. Credo believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Credo’s financial condition and results of operations. While Credo uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Credo does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Credo believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Credo’s non-GAAP financial measures useful in their assessment of Credo's operating performance and the valuation of Credo. Internally, Credo's non-GAAP financial measures are used in the following areas: • Management’s evaluation of Credo’s operating performance; • Management’s establishment of internal operating budgets; and • Management’s performance comparisons with internal forecasts and targeted business models.

paragraph:8: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Credo’s business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Credo’s results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; financial outlook; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would,” “outlook,” “forecast,” “targets” and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on July 2, 2025, as well as Credo’s other filings with the SEC, for further information on risks and uncertainties that could affect Credo’s business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo’s website or Credo’s investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. About Credo Credo’s mission is to advance high-speed connectivity solutions that deliver optimized performance, reliability, energy efficiency and security for the next generation of AI-driven applications, cloud computing and hyperscale networks. Optimized for both optical and electrical applications, our solutions support port speeds up to 1.6Tb (or Terabits per second). At the core of our technology is our proprietary Serializer/Deserializer (SerDes) IP. Our diverse solutions portfolio includes system-level products such as Active Electrical Cables (AECs), a range of integrated circuits (ICs), including Retimers, Optical Digital Signal Processors (DSPs), SerDes Chiplets and SerDes IP licensing. For more information, please visit https://www.credosemi.com. Credo and the Credo logo are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners. Investor Relations Contact: Dan O’Neil IR@credosemi.com Credo Technology Group Holding Ltd Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts)

paragraph:9: Three Months Ended August 2, 2025 May 3, 2025 August 3, 2024 Revenue: Product sales revenue $ 217,059 $ 165,861 $ 57,325 IP license revenue 6,015 4,164 2,389 Total revenue 223,074 170,025 59,714 Cost of revenue 72,706 55,837 22,431 Gross profit 150,368 114,188 37,283 Operating expenses: Research and development 52,448 47,582 30,409 Selling, general and administrative 37,178 31,945 21,325 Impairment charges — 873 — Total operating expenses 89,626 80,400 51,734 Operating income (loss) 60,742 33,788 (14,451) Other income, net 3,946 3,821 5,533 Income (loss) before income taxes 64,688 37,609 (8,918) Provision for income taxes 1,289 1,021 622 Net income (loss) $ 63,399 $ 36,588 $ (9,540) Net income (loss) per share: Basic $ 0.37 $ 0.21 $ (0.06) Diluted $ 0.34 $ 0.20 $ (0.06) Weighted-average shares used in computing net income (loss) per share: Basic 171,927 170,405 165,140 Diluted 184,577 182,119 165,140 Credo Technology Group Holding Ltd Condensed Consolidated Balance Sheets (Unaudited) (In thousands)

paragraph:10: August 2, 2025 May 3, 2025 Assets Current assets: Cash and cash equivalents $ 219,636 $ 236,328 Short-term investments 260,010 195,010 Accounts receivable 181,203 162,144 Inventories 116,677 90,029 Other current assets 26,083 30,023 Total current assets 803,609 713,534 Property and equipment, net 69,444 63,631 Right of use assets 14,816 15,234 Other non-current assets 17,306 16,858 Total assets $ 905,175 $ 809,257 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 54,896 $ 56,158 Accrued compensation and benefits 13,175 16,097 Other current liabilities 40,316 35,456 Total current liabilities 108,387 107,711 Non-current operating lease liabilities 12,345 12,693 Other non-current liabilities 3,062 7,271 Total liabilities 123,794 127,675 Shareholders' equity: Ordinary shares 9 8 Additional paid in capital 801,563 765,173 Accumulated other comprehensive loss (428) (437) Accumulated deficit (19,763) (83,162) Total shareholders' equity 781,381 681,582 Total liabilities and shareholders' equity $ 905,175 $ 809,257 Credo Technology Group Holding Ltd Reconciliations from GAAP to Non-GAAP (Unaudited) (In thousands, except percentages and per share amounts) Three Months Ended August 2, 2025 May 3, 2025 August 3, 2024 GAAP gross profit $ 150,368 $ 114,188 $ 37,283 Reconciling item: Share-based compensation 356 356 281 Total reconciling item 356 356 281 Non-GAAP gross profit (A) $ 150,724 $ 114,544 $ 37,564 GAAP gross margin 67.4 % 67.2 % 62.4 % Non-GAAP gross margin 67.6 % 67.4 % 62.9 % Total GAAP operating expenses $ 89,626 $ 80,400 $ 51,734 Reconciling item: Share-based compensation (35,099) (27,506) (16,359) Impairment charges — (873) — Total reconciling item (35,099) (28,379) (16,359) Total Non-GAAP operating expenses (B) $ 54,527 $ 52,021 $ 35,375 GAAP operating income (loss) $ 60,742 $ 33,788 $ (14,451) Non-GAAP operating income (A-B) $ 96,197 $ 62,523 $ 2,189 GAAP operating income (loss) margin 27.2 % 19.9 % (24.2) % Non-GAAP operating income margin 43.1 % 36.8 % 3.7 % GAAP net income (loss) $ 63,399 $ 36,588 $ (9,540) Reconciling items: Share-based compensation 35,455 27,862 16,640 Impairment charges — 873 — Pre-tax total reconciling item 35,455 28,735 16,640 Other income tax effects and adjustments (573) (69) (61) Non-GAAP net income $ 98,281 $ 65,254 $ 7,039 GAAP weighted-average shares - basic 171,927 170,405 165,140 GAAP weighted-average shares - diluted 184,577 182,119 165,140 Non-GAAP adjustment 4,289 4,824 15,894 Non-GAAP weighted-average shares - diluted 188,866 186,943 181,034 GAAP diluted net income (loss) per share $ 0.34 $ 0.20 $ (0.06) Non-GAAP diluted net income per share $ 0.52 $ 0.35 $ 0.04 Credo Technology Group Holding Ltd Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates (In millions, except percentages) Outlook for Three Months Ended November 1, 2025 Low High GAAP gross margin 63.5 % 65.5 % Reconciling item: Share-based compensation 0.5 % 0.5 % Total reconciling item 0.5 % 0.5 % Non-GAAP gross margin 64.0 % 66.0 % Total GAAP operating expenses $ 96.0 $ 98.0 Reconciling item: Share-based compensation 40.0 40.0 Total reconciling item 40.0 40.0 Total Non-GAAP operating expenses $ 56.0 $ 58.0

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paragraph:5: Document Exhibit 99.1

paragraph:6: Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2025 Financial Results San Jose, Calif. (June 2, 2025) - Credo Technology Group Holding Ltd (Nasdaq: CRDO) (“Credo”), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the fourth quarter and full fiscal year 2025, ended May 3, 2025. Fourth Quarter of Fiscal Year 2025 Financial Highlights • Revenue of $170.0 million grew by 25.9% quarter over quarter and 179.7% year over year • GAAP gross margin of 67.2% and non-GAAP gross margin of 67.4% • GAAP operating expenses of $80.4 million and non-GAAP operating expenses of $52.0 million • GAAP net income of $36.6 million and non-GAAP net income of $65.3 million • GAAP diluted net income per share of $0.20 and non-GAAP diluted net income per share of $0.35 • Ending cash and short-term investment balance of $431.3 million Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “I’m proud of Credo’s achievements in fiscal 2025. For the year, the Company delivered record-breaking financial results, with revenue up 126% year over year to $436.8 million . The Company’s results were fueled by surging demand for our innovative, reliable, and energy-efficient high-performance connectivity solutions. We continue to see growing demand for our solutions across hyperscaler customers to power advanced AI services, a trend we believe will persist for the foreseeable future. ” First Quarter of Fiscal Year 2026 Financial Outlook

paragraph:7: • Revenue is expected to be between $185.0 million and $195.0 million • GAAP gross margin is expected to be between 63.4% and 65.4%, and non-GAAP gross margin is expected to be between 64.0% and 66.0% • GAAP operating expenses are expected to be between $88.3 million and $90.3 million, and non-GAAP operating expenses are expected to be between $54.0 million and $56.0 million Webcast and Conference Call Information Credo will conduct a conference call on Monday, June 2, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the fourth quarter and fiscal year 2025, ended May 3, 2025. Interested parties may join the conference call by dialing 888-596-4144 (toll-free) or +1 646-968-2525 (international). The conference ID for the call is 5251802. It is recommended that participants register and dial in for the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com/. A replay of the webcast will be available via the web at http://investors.credosemi.com/. Discussion of Non-GAAP Financial Measures This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP. Non-GAAP financial measures exclude the effect of share-based compensation expenses, asset impairment and related charges (if applicable), and the related tax effect adjustment to the provision for income taxes. Credo uses a full-year non-GAAP tax rate to compute the non-GAAP tax provision. This full-year non-GAAP tax rate is based on Credo’s annual GAAP income, adjusted to exclude non-GAAP items, as well as the effects of significant non-recurring and period-specific tax items which vary in size and frequency. Credo’s non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate, such as tax law changes, significant changes in Credo’s geographic mix of revenue and expenses or changes to Credo’s corporate structure. GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a non-GAAP net loss, and calculated using non-GAAP diluted weighted average shares outstanding when there is a non-GAAP net income. Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of share-based compensation expenses expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. Credo believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Credo’s financial condition and results of operations. While Credo uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Credo does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Credo believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Credo’s non-GAAP financial measures useful in their assessment of Credo's operating performance and the valuation of Credo. Internally, Credo's non-GAAP financial measures are used in the following areas: • Management’s evaluation of Credo’s operating performance; • Management’s establishment of internal operating budgets; and • Management’s performance comparisons with internal forecasts and targeted business models.

paragraph:8: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Credo’s business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Credo’s results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; financial outlook; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would,” “outlook,” “forecast,” “targets” and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on June 24, 2024, as well as Credo’s other filings with the SEC, for further information on risks and uncertainties that could affect Credo’s business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo’s website or Credo’s investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. About Credo At Credo, our mission is to redefine high-speed connectivity by delivering breakthrough solutions that enable the next generation of AI-driven applications. We are committed to enabling faster, more reliable, more energy-efficient, and scalable solutions that support the ever-expanding demands of AI, cloud computing, and hyperscale networks. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the 100G (or Gigabits per second), 200G, 400G, 800G and emerging 1.6T (or Terabits per second) port markets. Our products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include integrated circuits (ICs), Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing. For more information, please visit https://www.credosemi.com. Follow Credo on LinkedIn. Credo and the Credo logo are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners. Credo Technology Group Holding Ltd Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts)

paragraph:9: Three Months Ended Year Ended May 3, 2025 February 1, 2025 April 27, 2024 May 3, 2025 April 27, 2024 Revenue: Product sales $ 164,524 $ 129,371 $ 40,798 $ 412,177 $ 145,048 Product engineering services 1,337 2,667 3,341 12,122 19,898 IP license 4,164 2,964 16,643 12,476 28,024 Total revenue 170,025 135,002 60,782 436,775 192,970 Cost of revenue: Cost of product sales revenue 55,779 48,835 20,372 152,381 70,498 Cost of product engineering services revenue 58 233 290 1,314 2,225 Cost of IP license revenue — 8 154 171 816 Total cost of revenue 55,837 49,076 20,816 153,866 73,539 Gross profit 114,188 85,926 39,966 282,909 119,431 Operating expenses: Research and development 47,582 36,261 26,921 145,994 95,531 Selling, general and administrative 31,945 23,471 20,161 98,918 60,193 Impairment charges 873 — 765 873 765 Total operating expenses 80,400 59,732 47,847 245,785 156,489 Operating income (loss) 33,788 26,194 (7,881) 37,124 (37,058) Other income, net 3,821 3,918 5,163 17,746 14,313 Income (loss) before income taxes 37,609 30,112 (2,718) 54,870 (22,745) Provision for income taxes 1,021 752 7,759 2,687 5,624 Net income (loss) $ 36,588 $ 29,360 $ (10,477) $ 52,183 $ (28,369) Net income (loss) per share: Basic $ 0.21 $ 0.17 $ (0.06) $ 0.31 $ (0.18) Diluted $ 0.20 $ 0.16 $ (0.06) $ 0.29 $ (0.18) Weighted average shares used in computing net income (loss) per share: Basic 170,405 168,167 163,677 167,505 155,091 Diluted 182,119 182,464 163,677 181,158 155,091 Credo Technology Group Holding Ltd Condensed Consolidated Balance Sheets (Unaudited) (In thousands)

paragraph:10: May 3, 2025 April 27, 2024 Assets Current assets: Cash and cash equivalents $ 236,328 $ 66,942 Short-term investments 195,010 343,061 Accounts receivable 162,144 59,662 Inventories 90,029 25,907 Other current assets 30,023 34,693 Total current assets 713,534 530,265 Property and equipment, net 63,631 43,665 Right-of-use assets 15,234 13,077 Other non-current assets 16,858 14,925 Total assets $ 809,257 $ 601,932 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 56,158 $ 13,417 Accrued compensation and benefits 16,097 9,000 Other current liabilities 35,456 22,203 Total current liabilities 107,711 44,620 Non-current operating lease liabilities 12,693 11,133 Other non-current liabilities 7,271 5,981 Total liabilities 127,675 61,734 Shareholders' equity: Ordinary shares 8 8 Additional paid-in capital 765,173 676,054 Accumulated other comprehensive loss (437) (519) Accumulated deficit (83,162) (135,345) Total shareholders' equity 681,582 540,198 Total liabilities and shareholders' equity $ 809,257 $ 601,932 Credo Technology Group Holding Ltd Reconciliations from GAAP to Non-GAAP Results (Unaudited) (In thousands, except percentages and per share amounts) Three Months Ended Year Ended May 3, 2025 February 1, 2025 April 27, 2024 May 3, 2025 April 27, 2024 GAAP gross profit $ 114,188 $ 85,926 $ 39,966 $ 282,909 $ 119,431 Reconciling item: Share-based compensation 356 226 234 1,194 1,131 Total reconciling item 356 226 234 1,194 1,131 Non-GAAP gross profit (A) $ 114,544 $ 86,152 $ 40,200 $ 284,103 $ 120,562 GAAP gross margin 67.2 % 63.6 % 65.8 % 64.8 % 61.9 % Non-GAAP gross margin 67.4 % 63.8 % 66.1 % 65.0 % 62.5 % Total GAAP operating expenses $ 80,400 $ 59,732 $ 47,847 $ 245,785 $ 156,489 Reconciling items: Share-based compensation (27,506) (15,964) (14,344) (76,161) (37,891) Impairment and related charges (873) — (765) (873) (765) Total reconciling items (28,379) (15,964) (15,109) (77,034) (38,656) Total Non-GAAP operating expenses (B) $ 52,021 $ 43,768 $ 32,738 $ 168,751 $ 117,833 GAAP operating income (loss) $ 33,788 $ 26,194 $ (7,881) $ 37,124 $ (37,058) Non-GAAP operating income (A-B) $ 62,523 $ 42,384 $ 7,462 $ 115,352 $ 2,729 GAAP operating income (loss) margin 19.9 % 19.4 % (13.0) % 8.5 % (19.2) % Non-GAAP operating income margin 36.8 % 31.4 % 12.3 % 26.4 % 1.4 % GAAP net income (loss) $ 36,588 $ 29,360 $ (10,477) $ 52,183 $ (28,369) Reconciling items: Share-based compensation 27,862 16,190 14,578 77,355 39,022 Impairment and related charges 873 — 765 873 765 Pre-tax total reconciling items 28,735 16,190 15,343 78,228 39,787 Other income tax effects and adjustments (69) (172) 6,940 (485) 3,152 Non-GAAP net income $ 65,254 $ 45,378 $ 11,806 $ 129,926 $ 14,570 GAAP weighted average shares - basic 170,405 168,167 163,677 167,505 155,091 GAAP weighted average shares - diluted 182,119 182,464 163,677 181,158 155,091 Non-GAAP adjustment 4,824 2,028 15,463 3,486 15,053 Non-GAAP weighted average shares - diluted 186,943 184,492 179,140 184,644 170,143 GAAP diluted net income (loss) per share $ 0.20 $ 0.16 $ (0.06) $ 0.29 $ (0.18) Non-GAAP diluted net income per share $ 0.35 $ 0.25 $ 0.07 $ 0.70 $ 0.09 Credo Technology Group Holding Ltd Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates (In millions, except percentages) Three Months Ended August 2, 2025 Low High GAAP gross margin 63.4 % 65.4 % Reconciling item: Share-based compensation 0.6 % 0.6 % Total reconciling item 0.6 % 0.6 % Non-GAAP gross margin 64.0 % 66.0 % Total GAAP operating expenses $ 88.3 $ 90.3 Reconciling item: Share-based compensation 34.3 34.3 Total reconciling item 34.3 34.3 Total non-GAAP operating expenses $ 54.0 $ 56.0

paragraph:1: EX-99.1

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paragraph:4: EX-99.1

paragraph:5: Document Exhibit 99.1

paragraph:6: Credo Reports Third Quarter of Fiscal Year 2025 Financial Results San Jose, Calif. (March 4, 2025) - Credo Technology Group Holding Ltd (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the third quarter of fiscal year 2025, ended February 1, 2025. Third Quarter of Fiscal Year 2025 Financial Highlights • Revenue of $135.0 million, grew by 87.4% quarter over quarter and 154.4% year over year • GAAP gross margin of 63.6% and non-GAAP gross margin of 63.8% • GAAP operating expenses of $59.7 million and non-GAAP operating expenses of $43.8 million • GAAP net income of $29.4 million and non-GAAP net income of $45.4 million • GAAP diluted net income per share of $0.16 and non-GAAP diluted net income per share of $0.25 • Ending cash and short-term investment balance of $379.2 million Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “During the third quarter ended February 1, 2025 Credo generated revenue of $135.0 million, up 87% sequentially and 154% year over year. We achieved record revenue in the third quarter, driven by our AEC product line, as we experienced the inflection point in our business that we had expected. Going forward, we expect continued growth across our product lines and customer base as market demand for innovative connectivity solutions continues to grow.” Fourth Quarter of Fiscal 2025 Financial Outlook

paragraph:7: • Revenue is expected to be between $155.0 million and $165.0 million • GAAP gross margin is expected to be between 62.7% and 64.7%, and non-GAAP gross margin is expected to be between 63.0% and 65.0% • GAAP operating expenses are expected to be between $73.0 million and $75.0 million, and non-GAAP operating expenses are expected to be between $50.0 million and $52.0 million Conference Call Credo will conduct a conference call on Tuesday, March 4, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the third quarter of fiscal year 2025, ended February 1, 2025. Interested parties may join the conference call by dialing 888-596-4144 (toll-free) or +1 646-968-2525 (international). The conference ID for the call is 5251802. It is recommended that participants register and dial in for the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com. A replay of the webcast will be available via the web at http://investors.credosemi.com. Discussion of Non-GAAP Financial Measures This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP. The non-GAAP financial measures that Credo presents may not be comparable to similarly titled measures of other companies and other companies may not calculate such measures in the same manner as we do. Non-GAAP financial measures exclude the effect of share-based compensation expenses, asset impairment and related charges (if applicable), and the related tax effect adjustment to the provision for income taxes. Credo uses a full-year non-GAAP tax rate to compute the non-GAAP tax provision. This full-year non-GAAP tax rate is based on Credo’s annual GAAP income, adjusted to exclude non-GAAP items, as well as the effects of significant non-recurring and period-specific tax items which vary in size and frequency. Credo’s non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate, such as tax law changes, significant changes in Credo’s geographic mix of revenue and expenses or changes to Credo’s corporate structure. GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a non-GAAP net loss, and calculated using non-GAAP diluted weighted average shares outstanding when there is a non-GAAP net income. Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of share-based compensation expenses expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. Credo believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Credo’s financial condition and results of operations. While Credo uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Credo does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Credo believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Credo’s non-GAAP financial measures useful in their assessment of Credo's operating performance and the valuation of Credo. Internally, Credo's non-GAAP financial measures are used in the following areas: • Management’s evaluation of Credo’s ongoing operating performance; • Management’s establishment of internal operating budgets; and • Management’s performance comparisons with internal forecasts and targeted business models.

paragraph:8: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Credo’s business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Credo’s results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; financial outlook; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would,” “outlook,” “forecast,” “targets” and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on June 24, 2024, as well as Credo’s other filings with the SEC, for further information on risks and uncertainties that could affect Credo’s business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo’s website or Credo’s investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. About Credo Our mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the 100G (or Gigabits per second), 200G, 400G, 800G and emerging 1.6T (or Terabits per second) port markets. Our products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include integrated circuits (ICs), Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing. Investor Relations Contact: Dan O’Neil IR@credosemi.com Credo Technology Group Holding Ltd Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts)

paragraph:9: Three Months Ended Nine Months Ended February 1, 2025 November 2, 2024 January 27, 2024 February 1, 2025 January 27, 2024 Revenue: Product sales $ 129,371 $ 64,443 $ 39,975 $ 247,653 $ 104,250 Product engineering services 2,667 4,632 11,830 10,785 16,557 IP license 2,964 2,959 1,253 8,312 11,381 Total revenue 135,002 72,034 53,058 266,750 132,188 Cost of revenue: Cost of product sales revenue 48,835 25,883 18,912 96,602 50,126 Cost of product engineering services revenue 233 571 1,471 1,256 1,935 Cost of IP license revenue 8 68 117 171 662 Total cost of revenue 49,076 26,522 20,500 98,029 52,723 Gross profit 85,926 45,512 32,558 168,721 79,465 Operating expenses: Research and development 36,261 31,742 24,236 98,412 68,610 Selling, general and administrative 23,471 22,177 14,233 66,973 40,032 Total operating expenses 59,732 53,919 38,469 165,385 108,642 Operating income (loss) 26,194 (8,407) (5,911) 3,336 (29,177) Other income, net 3,918 4,474 4,291 13,925 9,150 Income (loss) before income taxes 30,112 (3,933) (1,620) 17,261 (20,027) Provision (benefit) for income taxes 752 292 (2,048) 1,666 (2,135) Net income (loss) $ 29,360 $ (4,225) $ 428 $ 15,595 $ (17,892) Net income (loss) per share: Basic $ 0.17 $ (0.03) $ — $ 0.09 $ (0.12) Diluted $ 0.16 $ (0.03) $ — $ 0.09 $ (0.12) Weighted-average shares used in computing net income (loss) per share: Basic 168,167 166,487 157,155 166,562 152,063 Diluted 182,464 166,487 167,160 180,495 152,063 Credo Technology Group Holding Ltd Condensed Consolidated Balance Sheets (Unaudited) (In thousands)

paragraph:10: February 1, 2025 April 27, 2024 Assets Current assets: Cash and cash equivalents $ 299,208 $ 66,942 Short-term investments 80,000 343,061 Accounts receivable 157,133 59,662 Inventories 53,231 25,907 Contract assets 13,585 21,562 Prepaid expenses and other current assets 15,993 13,131 Total current assets 619,150 530,265 Property and equipment, net 67,805 43,665 Right of use assets 15,346 13,077 Other non-current assets 17,615 14,925 Total assets $ 719,916 $ 601,932 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 36,805 $ 13,417 Accrued compensation and benefits 9,236 9,000 Accrued expenses and other current liabilities 33,301 18,301 Deferred revenue 1,391 3,902 Total current liabilities 80,733 44,620 Non-current operating lease liabilities 12,956 11,133 Other non-current liabilities 8,001 5,981 Total liabilities 101,690 61,734 Shareholders' equity: Ordinary shares 8 8 Additional paid in capital 738,371 676,054 Accumulated other comprehensive loss (403) (519) Accumulated deficit (119,750) (135,345) Total shareholders' equity 618,226 540,198 Total liabilities and shareholders' equity $ 719,916 $ 601,932 Credo Technology Group Holding Ltd Reconciliations from GAAP to Non-GAAP (Unaudited) (In thousands, except percentages and per share amounts) Three Months Ended Nine Months Ended February 1, 2025 November 2, 2024 January 27, 2024 February 1, 2025 January 27, 2024 GAAP gross profit $ 85,926 $ 45,512 $ 32,558 $ 168,721 $ 79,465 Reconciling item: Share-based compensation 226 331 458 838 897 Total reconciling item: 226 331 458 838 897 Non-GAAP gross profit (A) $ 86,152 $ 45,843 $ 33,016 $ 169,559 $ 80,362 GAAP gross margin 63.6 % 63.2 % 61.4 % 63.3 % 60.1 % Non-GAAP gross margin 63.8 % 63.6 % 62.2 % 63.6 % 60.8 % Total GAAP operating expenses $ 59,732 $ 53,919 $ 38,469 $ 165,385 $ 108,642 Reconciling item: Share-based compensation (15,964) (16,332) (7,874) (48,655) (23,547) Total reconciling item: (15,964) (16,332) (7,874) (48,655) (23,547) Total Non-GAAP operating expenses (B) $ 43,768 $ 37,587 $ 30,595 $ 116,730 $ 85,095 GAAP operating income (loss) $ 26,194 $ (8,407) $ (5,911) $ 3,336 $ (29,177) Non-GAAP operating income (loss) (A-B) $ 42,384 $ 8,256 $ 2,421 $ 52,829 $ (4,733) GAAP operating income (loss) margin 19.4 % (11.7) % (11.1) % 1.3 % (22.1) % Non-GAAP operating income (loss) margin 31.4 % 11.5 % 4.6 % 19.8 % (3.6) % GAAP net income (loss) $ 29,360 $ (4,225) $ 428 $ 15,595 $ (17,892) Reconciling items: Share-based compensation 16,190 16,663 8,332 49,493 24,444 Pre-tax total reconciling item 16,190 16,663 8,332 49,493 24,444 Other income tax effects and adjustments (172) (183) (2,438) (416) (3,788) Non-GAAP net income (loss) $ 45,378 $ 12,255 $ 6,322 $ 64,672 $ 2,764 GAAP weighted-average shares - basic 168,167 166,487 157,155 166,562 152,063 GAAP weighted-average shares - diluted 182,464 166,487 167,160 180,495 152,063 Non-GAAP adjustment 2,028 15,769 4,218 3,335 14,567 Non-GAAP weighted-average shares - diluted 184,492 182,256 171,378 183,830 166,630 GAAP basic net income (loss) per share $ 0.17 $ (0.03) $ — $ 0.09 $ (0.12) GAAP diluted net income (loss) per share $ 0.16 $ (0.03) $ — $ 0.09 $ (0.12) Non-GAAP diluted net income (loss) per share $ 0.25 $ 0.07 $ 0.04 $ 0.35 $ 0.02 Credo Technology Group Holding Ltd Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates (In millions, except percentages) Outlook for Three Months Ending May 3, 2025 Low High GAAP gross margin 62.7 % 64.7 % Reconciling item: Share-based compensation 0.3 % 0.3 % Total reconciling item: 0.3 % 0.3 % Non-GAAP gross margin 63.0 % 65.0 % Total GAAP operating expenses $ 73.0 $ 75.0 Reconciling item: Share-based compensation 23.0 23.0 Total reconciling item: 23.0 23.0 Total Non-GAAP operating expenses $ 50.0 $ 52.0

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paragraph:4: EX-99.1

paragraph:5: Document Exhibit 99.1

paragraph:6: Credo Reports Second Quarter of Fiscal Year 2025 Financial Results San Jose, Calif. (December 2, 2024) - Credo Technology Group Holding Ltd (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the second quarter of fiscal year 2025, ended November 2, 2024. Second Quarter of Fiscal Year 2025 Financial Highlights • Revenue of $72.0 million, grew by 20.6% quarter over quarter and 63.6% year over year • GAAP gross margin of 63.2% and non-GAAP gross margin of 63.6% • GAAP operating expenses of $53.9 million and non-GAAP operating expenses of $37.6 million • GAAP net loss of $(4.2) million and non-GAAP net income of $12.3 million • GAAP diluted net loss per share of $(0.03) and non-GAAP diluted net income per share of $0.07 • Ending cash and short-term investment balance of $383.0 million Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “In the fiscal second quarter ended November 2, 2024 Credo generated record revenue of $72.0 million , up 21% sequentially and 64% year over year. The second quarter was our most successful to date across our three main product lines and Credo delivered total product revenue of $69.1 million . For the past few quarters, we have anticipated an inflection point in our revenues during the second half of fiscal 2025. I am pleased to share that this turning point has arrived, and we are experiencing even greater demand than initially projected, driven by AI deployments and deepening customer relationships.” Third Quarter of Fiscal 2025 Financial Outlook

paragraph:7: • Revenue is expected to be between $115.0 million and $125.0 million • GAAP gross margin is expected to be between 60.6% and 62.6%, and non-GAAP gross margin is expected to be between 61.0% and 63.0% • GAAP operating expenses are expected to be between $58.6 million and $60.6 million, and non-GAAP operating expenses are expected to be between $42.0 million and $44.0 million Conference Call Credo will conduct a conference call on Monday, December 2, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the second quarter of fiscal year 2025, ended November 2, 2024. Interested parties may join the conference call by registering online at https://register.vevent.com/register/BI87c69953bb554b49af7cc32591eee82a. After registering, a confirmation will be sent through email, including dial-in details and a unique conference call code for entry. It is recommended that participants register and dial in for the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com. A replay of the webcast will be available via the web at http://investors.credosemi.com. Discussion of Non-GAAP Financial Measures This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP. The non-GAAP financial measures that Credo presents may not be comparable to similarly titled measures of other companies and other companies may not calculate such measures in the same manner as we do. Non-GAAP financial measures exclude the effect of share-based compensation expenses, asset impairment and related charges (if applicable), and the related tax effect adjustment to the provision for income taxes. Credo uses a full-year non-GAAP tax rate to compute the non-GAAP tax provision. This full-year non-GAAP tax rate is based on Credo’s annual GAAP income, adjusted to exclude non-GAAP items, as well as the effects of significant non-recurring and period-specific tax items which vary in size and frequency. Credo’s non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate, such as tax law changes, significant changes in Credo’s geographic mix of revenue and expenses or changes to Credo’s corporate structure. GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a non-GAAP net loss, and calculated using non-GAAP diluted weighted average shares outstanding when there is a non-GAAP net income. Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of share-based compensation expenses expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. Credo believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Credo’s financial condition and results of operations. While Credo uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Credo does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Credo believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Credo’s non-GAAP financial measures useful in their assessment of Credo's operating performance and the valuation of Credo. Internally, Credo's non-GAAP financial measures are used in the following areas: • Management’s evaluation of Credo’s ongoing operating performance; • Management’s establishment of internal operating budgets; and • Management’s performance comparisons with internal forecasts and targeted business models.

paragraph:8: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Credo’s business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Credo’s results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; financial outlook; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would,” “outlook,” “forecast,” “targets” and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on June 24, 2024, as well as Credo’s other filings with the SEC, for further information on risks and uncertainties that could affect Credo’s business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo’s website or Credo’s investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. About Credo Our mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the 100G (or Gigabits per second), 200G, 400G, 800G and emerging 1.6T (or Terabits per second) port markets. Our products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include integrated circuits (ICs), Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing. Investor Relations Contact: Dan O’Neil IR@credosemi.com Credo Technology Group Holding Ltd Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts)

paragraph:9: Three Months Ended Six Months Ended November 2, 2024 August 3, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Revenue: Product sales $ 64,443 $ 53,839 $ 34,247 $ 118,282 $ 64,275 Product engineering services 4,632 3,486 2,434 8,118 4,727 IP license 2,959 2,389 7,354 5,348 10,128 Total revenue 72,034 59,714 44,035 131,748 79,130 Cost of revenue: Cost of product sales revenue 25,883 21,884 17,346 47,767 31,214 Cost of product engineering services revenue 571 452 171 1,023 464 Cost of IP license revenue 68 95 401 163 545 Total cost of revenue 26,522 22,431 17,918 48,953 32,223 Gross profit 45,512 37,283 26,117 82,795 46,907 Operating expenses: Research and development 31,742 30,409 21,736 62,151 44,374 Selling, general and administrative 22,177 21,325 13,256 43,502 25,799 Total operating expenses 53,919 51,734 34,992 105,653 70,173 Operating loss (8,407) (14,451) (8,875) (22,858) (23,266) Other income, net 4,474 5,533 2,702 10,007 4,859 Loss before income taxes (3,933) (8,918) (6,173) (12,851) (18,407) Provision (benefit) for income taxes 292 622 450 914 (87) Net loss $ (4,225) $ (9,540) $ (6,623) $ (13,765) $ (18,320) Net loss per share: Basic and diluted $ (0.03) $ (0.06) $ (0.04) $ (0.08) $ (0.12) Weighted-average shares used in computing net loss per share: Basic and diluted 166,487 165,140 150,232 165,789 149,755 Credo Technology Group Holding Ltd Condensed Consolidated Balance Sheets (Unaudited) (In thousands)

paragraph:10: November 2, 2024 April 27, 2024 Assets Current assets: Cash and cash equivalents $ 239,237 $ 66,942 Short-term investments 143,716 343,061 Accounts receivable 81,776 59,662 Inventories 36,313 25,907 Contract assets 19,977 21,562 Prepaid expenses and other current assets 17,233 13,131 Total current assets 538,252 530,265 Property and equipment, net 68,226 43,665 Right of use assets 15,190 13,077 Other non-current assets 16,883 14,925 Total assets $ 638,551 $ 601,932 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 13,026 $ 13,417 Accrued compensation and benefits 9,182 9,000 Accrued expenses and other current liabilities 25,390 18,301 Deferred revenue 2,047 3,902 Total current liabilities 49,645 44,620 Non-current operating lease liabilities 12,945 11,133 Other non-current liabilities 8,054 5,981 Total liabilities 70,644 61,734 Shareholders' equity: Ordinary shares 8 8 Additional paid in capital 717,319 676,054 Accumulated other comprehensive loss (310) (519) Accumulated deficit (149,110) (135,345) Total shareholders' equity 567,907 540,198 Total liabilities and shareholders' equity $ 638,551 $ 601,932 Credo Technology Group Holding Ltd Reconciliations from GAAP to Non-GAAP (Unaudited) (In thousands, except percentages and per share amounts) Three Months Ended Six Months Ended November 2, 2024 August 3, 2024 October 28, 2023 November 2, 2024 October 28, 2023 GAAP gross profit $ 45,512 $ 37,283 $ 26,117 $ 82,795 $ 46,907 Reconciling item: Share-based compensation 331 281 250 612 439 Total reconciling item: 331 281 250 612 439 Non-GAAP gross profit (A) $ 45,843 $ 37,564 $ 26,367 $ 83,407 $ 47,346 GAAP gross margin 63.2 % 62.4 % 59.3 % 62.8 % 59.3 % Non-GAAP gross margin 63.6 % 62.9 % 59.9 % 63.3 % 59.8 % Total GAAP operating expenses $ 53,919 $ 51,734 $ 34,992 $ 105,653 $ 70,173 Reconciling item: Share-based compensation (16,332) (16,359) (7,894) (32,691) (15,673) Total reconciling item: (16,332) (16,359) (7,894) (32,691) (15,673) Total Non-GAAP operating expenses (B) $ 37,587 $ 35,375 $ 27,098 $ 72,962 $ 54,500 GAAP operating loss $ (8,407) $ (14,451) $ (8,875) $ (22,858) $ (23,266) Non-GAAP operating income (loss) (A-B) $ 8,256 $ 2,189 $ (731) $ 10,445 $ (7,154) GAAP operating loss margin (11.7) % (24.2) % (20.2) % (17.3) % (29.4) % Non-GAAP operating income (loss) margin 11.5 % 3.7 % (1.7) % 7.9 % (9.0) % GAAP net loss $ (4,225) $ (9,540) $ (6,623) $ (13,765) $ (18,320) Reconciling items: Share-based compensation 16,663 16,640 8,144 33,303 16,112 Pre-tax total reconciling item 16,663 16,640 8,144 33,303 16,112 Other income tax effects and adjustments (183) (61) (358) (244) (1,350) Non-GAAP net income (loss) $ 12,255 $ 7,039 $ 1,163 $ 19,294 $ (3,558) GAAP weighted-average shares - basic 166,487 165,140 150,232 165,789 149,755 GAAP weighted-average shares - diluted 166,487 165,140 150,232 165,789 149,755 Non-GAAP adjustment 15,769 15,894 14,664 16,087 — Non-GAAP weighted-average shares - diluted 182,256 181,034 164,896 181,876 149,755 GAAP diluted net income (loss) per share $ (0.03) $ (0.06) $ (0.04) $ (0.08) $ (0.12) Non-GAAP diluted net income (loss) per share $ 0.07 $ 0.04 $ 0.01 $ 0.11 $ (0.02) Credo Technology Group Holding Ltd Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates (In millions, except percentages) Outlook for Three Months Ending February 1, 2025 Low High GAAP gross margin 60.6 % 62.6 % Reconciling item: Share-based compensation 0.4 % 0.4 % Total reconciling item: 0.4 % 0.4 % Non-GAAP gross margin 61.0 % 63.0 % Total GAAP operating expenses $ 58.6 $ 60.6 Reconciling item: Share-based compensation 16.6 16.6 Total reconciling item: 16.6 16.6 Total Non-GAAP operating expenses $ 42.0 $ 44.0

paragraph:1: EX-99.1

paragraph:2: 2

paragraph:3: credoq12025ex-991.htm

paragraph:4: EX-99.1

paragraph:5: Document Exhibit 99.1

paragraph:6: Credo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2025 Financial Results San Jose, Calif. (September 4, 2024) - Credo Technology Group Holding Ltd (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the first quarter of fiscal year 2025, ended August 3, 2024. First Quarter of Fiscal Year 2025 Financial Highlights • Revenue of $59.7 million, grew by 70% year over year • GAAP gross margin of 62.4% and non-GAAP gross margin of 62.9% • GAAP operating expenses of $51.7 million and non-GAAP operating expenses of $35.4 million • GAAP net loss of $(9.5) million and non-GAAP net income of $7.0 million • GAAP diluted net loss per share of $(0.06) and non-GAAP diluted net income per share of $0.04 • Ending cash and short-term investment balance of $398.6 million Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “For the first fiscal quarter ended August 3, 2024 , Credo reported revenue of $59.7 million . This total included record product revenues of $57.3 million , an increase of 30% compared to the prior quarter. Our customers’ AI infrastructure deployments remain the catalyst for our recent and expected growth. Going forward in fiscal 2025 and beyond, we expect contributions from our entire suite of innovative, power and cost-efficient, high-speed connectivity solutions.” Second Quarter of Fiscal 2025 Financial Outlook

paragraph:7: • Revenue is expected to be between $65.0 million and $68.0 million • GAAP gross margin is expected to be between 61.3% and 63.3%, and non-GAAP gross margin is expected to be between 62.0% and 64.0% • GAAP operating expenses are expected to be between $51.3 million and $53.3 million, and non-GAAP operating expenses are expected to be between $36.0 million and $38.0 million Conference Call Credo will conduct a conference call on Wednesday, September 4, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the first quarter of fiscal year 2025, ended August 3, 2024. Interested parties may join the conference call by registering online at https://register.vevent.com/register/BIdb1b1dd41c9144fa8f424eb3f53fa7f1. After registering, a confirmation will be sent through email, including dial-in details and a unique conference call code for entry. It is recommended that participants register and dial in for the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com. A replay of the webcast will be available via the web at http://investors.credosemi.com. Discussion of Non-GAAP Financial Measures This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP. The non-GAAP financial measures that Credo presents may not be comparable to similarly titled measures of other companies and other companies may not calculate such measures in the same manner as we do. Non-GAAP financial measures exclude the effect of share-based compensation expenses, asset impairment and related charges (if applicable), and the related tax effect adjustment to the provision for income taxes. Credo uses a full-year non-GAAP tax rate to compute the non-GAAP tax provision. This full-year non-GAAP tax rate is based on Credo’s annual GAAP income, adjusted to exclude non-GAAP items, as well as the effects of significant non-recurring and period-specific tax items which vary in size and frequency. Credo’s non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate, such as tax law changes, significant changes in Credo’s geographic mix of revenue and expenses or changes to Credo’s corporate structure. GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a non-GAAP net loss, and calculated using non-GAAP diluted weighted average shares outstanding when there is a non-GAAP net income. Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of share-based compensation expenses expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. Credo believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Credo’s financial condition and results of operations. While Credo uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Credo does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Credo believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Credo’s non-GAAP financial measures useful in their assessment of Credo's operating performance and the valuation of Credo. Internally, Credo's non-GAAP financial measures are used in the following areas: • Management’s evaluation of Credo’s operating performance; • Management’s establishment of internal operating budgets; and • Management’s performance comparisons with internal forecasts and targeted business models.

paragraph:8: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Credo’s business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Credo’s results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; financial outlook; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would,” “outlook,” “forecast,” “targets” and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on June 24, 2024, as well as Credo’s other filings with the SEC, for further information on risks and uncertainties that could affect Credo’s business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo’s website or Credo’s investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. About Credo Our mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the 100G (or Gigabits per second), 200G, 400G, 800G and emerging 1.6T (or Terabits per second) port markets. Our products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include integrated circuits (ICs), Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing. Investor Relations Contact: Dan O’Neil IR@credosemi.com Credo Technology Group Holding Ltd Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share amounts)

paragraph:9: Three Months Ended August 3, 2024 April 27, 2024 July 29, 2023 Revenue: Product sales $ 53,839 $ 40,798 $ 30,028 Product engineering services 3,486 3,341 2,293 IP license 2,389 16,643 2,774 Total revenue 59,714 60,782 35,095 Cost of revenue: Cost of product sales revenue 21,884 20,372 13,868 Cost of product engineering services revenue 452 290 293 Cost of IP license revenue 95 154 144 Total cost of revenue 22,431 20,816 14,305 Gross profit 37,283 39,966 20,790 Operating expenses: Research and development 30,409 26,921 22,638 Selling, general and administrative 21,325 20,161 12,543 Impairment charges — 765 — Total operating expenses 51,734 47,847 35,181 Operating loss (14,451) (7,881) (14,391) Other income, net 5,533 5,163 2,157 Loss before income taxes (8,918) (2,718) (12,234) Provision (benefit) for income taxes 622 7,759 (537) Net loss $ (9,540) $ (10,477) $ (11,697) Net loss per share: Basic and diluted $ (0.06) $ (0.06) $ (0.08) Weighted-average shares used in computing net loss per share: Basic and diluted 165,140 163,677 149,277 Credo Technology Group Holding Ltd Condensed Consolidated Balance Sheets (Unaudited) (In thousands)

paragraph:10: August 3, 2024 April 27, 2024 Assets Current assets: Cash and cash equivalents $ 103,900 $ 66,942 Short-term investments 294,716 343,061 Accounts receivable 71,859 59,662 Inventories 31,557 25,907 Contract assets 24,400 21,562 Prepaid expenses and other current assets 15,921 13,131 Total current assets 542,353 530,265 Property and equipment, net 70,241 43,665 Right of use assets 15,860 13,077 Other non-current assets 16,411 14,925 Total assets $ 644,865 $ 601,932 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 38,473 $ 13,417 Accrued compensation and benefits 7,808 9,000 Accrued expenses and other current liabilities 20,218 18,301 Deferred revenue 2,917 3,902 Total current liabilities 69,416 44,620 Non-current operating lease liabilities 13,530 11,133 Other non-current liabilities 8,817 5,981 Total liabilities 91,763 61,734 Shareholders' equity: Ordinary shares 8 8 Additional paid in capital 698,354 676,054 Accumulated other comprehensive loss (375) (519) Accumulated deficit (144,885) (135,345) Total shareholders' equity 553,102 540,198 Total liabilities and shareholders' equity $ 644,865 $ 601,932 Credo Technology Group Holding Ltd Reconciliations from GAAP to Non-GAAP (Unaudited) (In thousands, except percentages and per share amounts) Three Months Ended August 3, 2024 April 27, 2024 July 29, 2023 GAAP gross profit $ 37,283 $ 39,966 $ 20,790 Reconciling item: Share-based compensation 281 234 189 Total reconciling item: 281 234 189 Non-GAAP gross profit (A) $ 37,564 $ 40,200 $ 20,979 GAAP gross margin 62.4 % 65.8 % 59.2 % Non-GAAP gross margin 62.9 % 66.1 % 59.8 % Total GAAP operating expenses $ 51,734 $ 47,847 $ 35,181 Reconciling item: Share-based compensation (16,359) (14,344) (7,779) Impairment charges — (765) — Total reconciling item: (16,359) (15,109) (7,779) Total Non-GAAP operating expenses (B) $ 35,375 $ 32,738 $ 27,402 GAAP operating loss $ (14,451) $ (7,881) $ (14,391) Non-GAAP operating income (loss) (A-B) $ 2,189 $ 7,462 $ (6,423) GAAP operating loss margin (24.2) % (13.0) % (41.0) % Non-GAAP operating income (loss) margin 3.7 % 12.3 % (18.3) % GAAP net loss $ (9,540) $ (10,477) $ (11,697) Reconciling items: Share-based compensation 16,640 14,578 7,968 Impairment charges — 765 — Pre-tax total reconciling item 16,640 15,343 7,968 Other income tax effects and adjustments (61) 6,940 (992) Non-GAAP net income (loss) $ 7,039 $ 11,806 $ (4,721) GAAP weighted-average shares - basic 165,140 163,677 149,277 GAAP weighted-average shares - diluted 165,140 163,677 149,277 Non-GAAP adjustment 15,894 15,463 — Non-GAAP weighted-average shares - diluted 181,034 179,140 149,277 GAAP diluted net income (loss) per share $ (0.06) $ (0.06) $ (0.08) Non-GAAP diluted net income (loss) per share $ 0.04 $ 0.07 $ (0.03) Credo Technology Group Holding Ltd Reconciliation of GAAP Forward-Looking Estimates to Non-GAAP Forward-Looking Estimates (In millions, except percentages) Outlook for Three Months Ended November 2, 2024 Low High GAAP gross margin 61.3 % 63.3 % Reconciling item: Share-based compensation 0.7 % 0.7 % Total reconciling item: 0.7 % 0.7 % Non-GAAP gross margin 62.0 % 64.0 % Total GAAP operating expenses $ 51.3 $ 53.3 Reconciling item: Share-based compensation 15.3 15.3 Total reconciling item: 15.3 15.3 Total Non-GAAP operating expenses $ 36.0 $ 38.0