Q3 25 EPS
$0.25
BEAT +36.54%
Est. $0.18
Q3 25 Revenue
$135.0M
BEAT +12.17%
Est. $120.4M
vs S&P Since Q3 25
+338.6%
BEATING MARKET
CRDO +365.7% vs S&P +27.1%
Market Reaction
Did CRDO Beat Earnings? Q3 2025 Results
Credo Technology Group posted a blowout fiscal third quarter, reporting non-GAAP EPS of $0.25 against a consensus estimate of $0.18, a beat of 36.54%, while revenue of $135.00 million topped estimates of $120.36 million by 12.17% and surged 154.4% ye… Read more Credo Technology Group posted a blowout fiscal third quarter, reporting non-GAAP EPS of $0.25 against a consensus estimate of $0.18, a beat of 36.54%, while revenue of $135.00 million topped estimates of $120.36 million by 12.17% and surged 154.4% year over year. The engine behind those numbers was Credo's Active Electrical Cable product line, which powered product sales to $129.37 million and helped swing the company to GAAP operating income of $26.19 million from an operating loss of $5.91 million in the year-ago period. Non-GAAP gross margin held at 63.8%, and non-GAAP operating margin expanded sharply to 31.4%. Despite the strong print, shares fell sharply in the session following the report, as investors appeared to have already priced in the company's momentum within AI infrastructure buildouts. Looking ahead, management guided Q4 revenue to $155.00 million to $165.00 million, with non-GAAP gross margin expected between 63.0% and 65.0%, signaling continued confidence in accelerating demand for high-bandwidth connectivity solutions.
Key Takeaways
- • Active Electrical Cable (AEC) product line drove record revenue in Q3
- • Inflection point in business as anticipated by management
- • 154% year-over-year revenue growth and 87% sequential growth
- • Non-GAAP operating margin expanded to 31.4% from 4.6% year over year
CRDO YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
CRDO Revenue by Segment
With YoY comparisons, source: SEC Filings
“During the third quarter ended February 1, 2025 Credo generated revenue of $135.0 million, up 87% sequentially and 154% year over year. We achieved record revenue in the third quarter, driven by our AEC product line, as we experienced the inflection point in our business that we had expected. Going forward, we expect continued growth across our product lines and customer base as market demand for innovative connectivity solutions continues to grow.”
— Bill Brennan, Q3 2025 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
8 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% |
| Q2 26 BEAT | $0.50 | $0.67 | +35.27% | $268.0M | +14.06% |
| Q1 26 BEAT | $0.36 | $0.52 | +44.20% | $223.1M | +17.02% |
| Q4 25 BEAT FY | $0.27 | $0.35 | +27.88% | $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% |
| Q1 25 BEAT | $0.04 | $0.04 | +0.00% | $59.7M | +0.29% |