HIGHOutside partyCustomer
90%
top 10 customers (90% of revenue)
“10-K Item 1A: '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 (90% of revenue), 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%
one customer (67% of revenue)
“10-K Item 1A: 'we had one customer that accounted for 10% or more of our total revenue (such one customer accounting for 67% of total fiscal 2025 revenue)'”
HIGHOutside partySupplier
TSMC
“10-K Item 1: 'we exclusively used Taiwan Semiconductor Manufacturing Company Limited (TSMC) for semiconductor wafer production'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company carries acute, well-disclosed concentration across customers and supply. Its top 10 customers accounted for approximately 90% of total revenue — an extremely high share by disclosed size — and within that base a single customer represented 67% of total revenue, both high-share dependencies. The result is a business whose results are tightly levered to a very small set of buyers, and especially to one dominant account: a design-win loss, order pause, or inventory adjustment at that customer could move revenue materially. On the supply side, the company exclusively used Taiwan Semiconductor Manufacturing Company (TSMC) for semiconductor wafer production — a high-share, single-source dependency whose channel is wafer availability, allocation, and pricing at one foundry. There is no offsetting geographic or product diversification disclosed. Netting these out, the single-customer revenue weight and the sole-foundry supply reliance are the two dominant exposures; both are structural to the current model and are the lines most worth monitoring quarter to quarter.
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 |
| AVGO | Broadcom Inc. | 2 | 1 | 0 | 3 |
| ADI | Analog Devices, Inc. | 2 | 0 | 0 | 2 |
| ALGM | Allegro MicroSystems, Inc. | 1 | 2 | 0 | 3 |
| AMD | Advanced Micro Devices, Inc. | 1 | 2 | 0 | 3 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.