HIGHOutside partyCustomer
90%
top 10 customers
“10-K Item 1: 'sales to our top 10 customers accounted for approximately 90% of our total revenue'”
CRDO · Concentration risk · 10-K extracted
Credo Technology Group Holding (CRDO) concentration risks
Updated
The most significant concentration Credo Technology Group Holding discloses is top 10 customers at 90%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Credo Technology Group Holding’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH3
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partyCustomer
67%
largest customer
“10-K Item 1: 'we had one customer that accounted for 10% or more of our total fiscal 2025 (such one customer accounting for 67% of total fiscal 2025 revenue)'”
HIGHOutside partySupplier
TSMC
“10-K Item 1: 'In fiscal year 2025, we exclusively used Taiwan Semiconductor Manufacturing Company Limited (TSMC) for semiconductor wafer production.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-26Credo Technology's revenue base is highly concentrated across both customers and manufacturing supply, and every disclosed exposure sits at the high-share level. Sales to the top 10 customers accounted for approximately 90% of total revenue, and within that group a single largest customer alone accounted for 67% of total fiscal 2025 revenue — both high-share dependencies that leave results closely tied to a handful of buyers, particularly that one counterparty. On the manufacturing side, Credo exclusively used Taiwan Semiconductor Manufacturing Company Limited (TSMC) for semiconductor wafer production in fiscal 2025, a third high-share dependency that mirrors the customer-side concentration: a disruption at this single foundry partner could constrain the company's ability to produce and ship product. With customer concentration at this scale layered on top of single-source manufacturing dependency, Credo's disclosed risk profile is dominated by counterparty concentration rather than diversified, structural exposure — there is no offsetting geographic or product-mix diversification disclosed to soften either the customer- or supply-side dependency.
For the engine’s reasoning on CRDO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Semiconductors
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ALAB | Astera Labs, Inc. | 3 | 0 | 0 | 3 |
| CRDO● | Credo Technology Group Holding | 3 | 0 | 0 | 3 |
| AMBQ | Ambiq Micro, Inc. | 2 | 1 | 0 | 3 |
| ADI | Analog Devices, Inc. | 2 | 0 | 0 | 2 |
| ALGM | Allegro MicroSystems, Inc. | 1 | 2 | 0 | 3 |
| AIP | Arteris, Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.