Credo Technology Group Holding Ltd
Q4 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: −1.09%.
Did CRDO Beat Earnings? Q4 2026 Results
Credo Technology Group capped fiscal year 2026 with a standout fourth quarter, posting revenue of $437.00 million, up 157.0% year over year and ahead of the $433.30 million consensus estimate, while non-GAAP diluted EPS of $1.16 cleared the $1.03 Wall Street forecast by 12.17%, extending the company's streak to four consecutive quarters of beating EPS expectations. <a href="https://247wallst.com/investing/2026/06/01/live-will-credo-keep-rallying-after-q4-earnings-tonight/">Investors had been watching closely</a> heading into the print, and the results validated their optimism, with surging demand for high-speed connectivity solutions powering AI data center infrastructure driving the explosive top-line growth. Non-GAAP gross margin held firm at 68.3%, up from 67.4% a year ago, reflecting disciplined execution even as R&D spending climbed to $90.53 million to fund next-generation products. For the full fiscal year, revenue more than tripled to $1.34 billion. Looking ahead, Credo guided Q1 FY2027 revenue to $465.00 million to $475.00 million, signaling continued sequential momentum as AI infrastructure buildout accelerates.
- 157.0% year-over-year revenue growth driven by surging AI data infrastructure demand
- Revenue more than tripled for the full fiscal year to $1.3 billion
- Non-GAAP net income increased more than five times to $662 million for full year
- Non-GAAP operating income margin of 49.6% in Q4
- Non-GAAP net income margin of 51.9% in Q4
“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.”
Credo Technology Group CEO, on the earnings call
Forward Guidance & Outlook
For Q1 FY2027 (three months ending August 1, 2026), Credo expects revenue between $465.0 million and $475.0 million. GAAP gross margin is expected between 66.9% and 68.9%, with non-GAAP gross margin between 67.0% and 69.0%. GAAP operating expenses are expected between $167.6 million and $171.6 million, while non-GAAP operating expenses are expected between $86.0 million and $90.0 million. The company expects continued strong financial performance entering fiscal 2027.
CRDO YoY Financials
CRDO Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.