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Q4 26 EPS
$1.16
BEAT +12.17%
Est. $1.03
Q4 26 Revenue
$437.0M
BEAT +0.86%
Est. $433.3M
Full Year 2026 Results
FY 26 EPS
$3.46
BEAT +4.45%
Est. $3.31
FY 26 Revenue
$1.34B
BEAT +0.25%
Est. $1.33B
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 Wal… Read more 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. Investors had been watching closely 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.
Key Takeaways
- • 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
CRDO 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
Q4 2026 vs Q4 2025, source: SEC Filings
CRDO Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Bill Brennan, Q4 2026 Earnings Press Release
CRDO Earnings Trends
CRDO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CRDO EPS Trend
Earnings per share: estimate vs actual
CRDO Revenue Trend
Quarterly revenue: estimate vs actual
CRDO Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $1.03 | $1.16 | +12.17% | $437.0M | +0.86% |
| FY Full Year | $3.31 | $3.46 | +4.45% | $1.34B | +0.25% |
| Q3 26 BEAT | $0.94 | $1.07 | +13.75% | $407.0M | +5.00% |
| Q1 26 BEAT | $0.36 | $0.52 | +44.20% | $223.1M | +17.02% |
| Q4 25 BEAT FY | $0.27 | $0.35 | +29.63% | $170.0M | +6.54% |
| FY Full Year | $0.63 | $0.70 | +10.78% | $436.8M | +2.42% |
| Q3 25 BEAT | $0.18 | $0.25 | +36.54% | $135.0M | +12.17% |
| Q2 25 BEAT | $0.05 | $0.07 | +37.25% | $72.0M | +7.82% |