Q4 25 EPS
$0.35
BEAT +27.88%
Est. $0.27
Q4 25 Revenue
$170.0M
BEAT +6.54%
Est. $159.6M
vs S&P Since Q4 25
+224.2%
BEATING MARKET
CRDO +248.5% vs S&P +24.3%
Full Year 2025 Results
FY 25 EPS
$0.70
BEAT +10.78%
Est. $0.63
FY 25 Revenue
$436.8M
BEAT +2.42%
Est. $426.4M
Market Reaction
Did CRDO Beat Earnings? Q4 2025 Results
Credo Technology Group delivered a standout fourth fiscal quarter, posting revenue of $170.03 million, up 179.7% year over year and ahead of the $159.59 million analyst consensus by 6.54%, while adjusted earnings of $0.35 per share beat the $0.27 est… Read more Credo Technology Group delivered a standout fourth fiscal quarter, posting revenue of $170.03 million, up 179.7% year over year and ahead of the $159.59 million analyst consensus by 6.54%, while adjusted earnings of $0.35 per share beat the $0.27 estimate by 27.88%. The headline driver was a dramatic acceleration in product sales, which reached $164.52 million compared to just $40.80 million a year ago, as hyperscaler customers continued ramping Credo's integrated circuits and Active Electrical Cables into AI-focused data center infrastructure. GAAP gross margin widened to 67.2% from 65.8% in the year-ago period, even as operating expenses climbed to $80.40 million on heavier R&D investment. For the full fiscal year, revenue totaled $436.77 million, a 126% increase over FY2024, and the company swung to a GAAP net income of $52.18 million from a prior-year loss. The strong momentum has drawn considerable investor attention, with the stock surging roughly 50% in the past month. Looking ahead, Credo guided Q1 FY2026 revenue of $185.00 million to $195.00 million, though non-GAAP gross margin guidance of 64.0% to 66.0% signals some compression from product mix shifts.
Key Takeaways
- • Surging demand for high-performance connectivity solutions from hyperscaler customers
- • Growing AI services driving need for high-speed, energy-efficient data infrastructure
- • Product sales revenue grew 179.7% year over year to $164.5 million in Q4
- • Revenue grew 126% year over year to $436.8 million for full fiscal year 2025
CRDO YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
CRDO Revenue by Segment
With YoY comparisons, source: SEC Filings
“I'm proud of Credo's achievements in fiscal 2025. For the year, the Company delivered record-breaking financial results, with revenue up 126% year over year to $436.8 million. The Company's results were fueled by surging demand for our innovative, reliable, and energy-efficient high-performance connectivity solutions. We continue to see growing demand for our solutions across hyperscaler customers to power advanced AI services, a trend we believe will persist for the foreseeable future.”
— Bill Brennan, Q4 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% |