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Credo Technology Group Holding Ltd (CRDO)

10-K · FY2025 · Filed Jul 2, 2025

Accession: 0001628280-25-033813

Credo Technology Group Holding Ltd (CRDO)'s FY2025 10-K was filed with the SEC on (accession 0001628280-25-033813). Per Item 1 of the filing, its products include HiWire AECs, Seagull DSP family, Dove DSP family, Lark 800 / Lark 850 and Toucan PCIe Retimers; it names Broadcom Ltd., Marvell Technology, Inc., Astera Labs, Inc. and Various cable suppliers among its competitors; customer segments: Hyperscalers / cloud infrastructure providers, Original equipment manufacturers (OEMs), Original design manufacturers (ODMs), Optical module manufacturers and Enterprise networking.

Item 1 — Business overview

Products

  • HiWire AECs (CLOS, SPAN, SHIFT, SWITCH)
  • HiWire Switch AEC
  • Seagull Optical PAM4 DSP family (50G/lane)
  • Dove Optical PAM4 DSP family (100G/lane)
  • Dove 850 (Linear Receive Optics DSP)
  • Lark 800 / Lark 850 DSPs
  • Toucan PCIe Gen6.x/CXL 3.x Retimers
  • OSFP-XD PCIe AECs
  • Line Card PHYs (Bald Eagle, Black Hawk, Screaming Eagle)
  • Owl and Osprey MACsec PHYs
  • SerDes Chiplets (incl. 3.2Tbps)
  • SerDes IP (1G to 112G; USB4 Version 2)

Product categories

  • Active Electrical Cables (AECs)
  • Optical DSPs
  • Line Card PHYs (Retimers, Gearboxes, MACsec)
  • PCIe Retimers
  • SerDes Chiplets
  • SerDes IP licensing
  • Connectivity software (PILOT)

Customer segments

  • Hyperscalers / cloud infrastructure providers
  • Original equipment manufacturers (OEMs)
  • Original design manufacturers (ODMs)
  • Optical module manufacturers
  • Enterprise networking
  • High performance computing (HPC)
  • Mobile network operators (MNOs) / 5G wireless
  • Multi-service operators (MSOs)

Go to market

  • Direct sales force across North America, Asia and Europe
  • Two-pronged strategy targeting end users and their suppliers
  • Field Application Engineer and business development support
  • Sales teams organized by product verticals
  • Design-win-driven engagements with hyperscalers, OEMs, ODMs

Named competitors

  • Broadcom Ltd.
  • Marvell Technology, Inc.
  • Astera Labs, Inc.
  • Various cable suppliers

Product narrative

  • quote: At Credo, our mission is to redefine high-speed connectivity by delivering breakthrough solutions that enable the next generation of AI-driven applications.
  • section: item1_business
  • summary: Mission to redefine high-speed connectivity for AI
  • quote: Our proprietary SerDes and DSP technologies enable us to achieve similar performance to leading competitors' products but at a lower cost and more highly available legacy node (n-1 advantage).
  • section: item1_business
  • summary: n-1 mature-node cost/power advantage
  • quote: Credo's distinctive purple HiWire™ Active Electrical Cables (AECs) are plug-and-play copper interconnect cables designed for affordable, lossless operation at 100G, 200G, 400G,800G and emerging 1.6T data speeds.
  • section: item1_business
  • summary: HiWire purple AEC copper interconnect cables
  • quote: The Dove 850 is the industry's first unidirectional 8x100G DSP specifically for Linear Receive Optics (LRO). LRO is an innovative new concept that removes DSP functionality from the module receiver to dramatically improve energy efficiency in high volume AI deployments.
  • section: item1_business
  • summary: Dove 850 first unidirectional 8x100G LRO DSP

Raw Item 1 preview

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Extraction model: anthropic/claude-opus-4-7

Extracted at: Jun 2, 2026

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