Companies /Technology
Credo Technology Group Holding Ltd
NASDAQ: CRDO Semiconductors
$216.55
▲ $4.69 (+2.21%) today
Markets closed · 3:46am ET

Credo Technology Group (CRDO) Q4 2025 Earnings

Reported Jun 2, 2025, 4:09pm ET · SEC source
$0.35
Beat +27.88%
EPS · est. $0.27
$170.0M
Beat +6.54%
Revenue · est. $159.6M
+24.8%
Beating market
CRDO vs S&P since report
9 quarters
Consecutive EPS beats

How Did CRDO Stock React to Q4 2025 Earnings?

% change · around the report
−16%−8%0+8%Jun 2Jun 3report 4:09pm ETearnings+0.6%−0.3%
−16%−8%0+8%Jun 2Jun 3earnings+0.6%−0.3%
CRDO −0.3%S&P 500 +0.6%
−16%−8%0+8%Jun 2Jun 3report 4:09pm ETearnings+0.7%−0.3%
−16%−8%0+8%Jun 2Jun 3earnings+0.7%−0.3%
CRDO −0.3%NASDAQ +0.7%
−8%0+8%Jun 2Jun 10report 4:09pm ETearnings+1.6%−2.4%
−8%0+8%Jun 2Jun 10earnings+1.6%−2.4%
CRDO −2.4%S&P 500 +1.6%
−8%0+8%Jun 2Jun 10report 4:09pm ETearnings+2.0%−2.4%
−8%0+8%Jun 2Jun 10earnings+2.0%−2.4%
CRDO −2.4%NASDAQ +2.0%
+14.80%
Day of report
+6.31%
Next session
−4.71%
One week
+28.93%
30 days

S&P 500 over the same 30 days: +4.13%.

Did CRDO Beat Earnings? Q4 2025 Results

Yes. Credo Technology Group reported Q4 2025 earnings of $0.35 a share on Jun 2, 2025, beating the $0.27 consensus estimate by 27.9%. Revenue was $170.0M against a $159.6M estimate.

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

“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.”

Credo Technology Group CEO, on the earnings call

What Was Credo Technology Group's Outlook in Q4 2025?

For Q1 fiscal year 2026 (three months ended August 2, 2025), Credo expects revenue between $185.0 million and $195.0 million. GAAP gross margin is expected between 63.4% and 65.4%, with non-GAAP gross margin between 64.0% and 66.0%. GAAP operating expenses are expected between $88.3 million and $90.3 million, and non-GAAP operating expenses between $54.0 million and $56.0 million.

CRDO YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$50.0M$100.0M$150.0M$60.8M$170.0MRevenue$40.0M$114.2MGross Profit$5.4M$33.8MOperating Income$6.7M$36.6MNet Income
$0$50.0M$100.0M$150.0MRevenueGross ProfitOperating IncomeNet Income
CRDO income statement, Q4 2025 versus Q4 2024
Metric Q4 2025 Q4 2024 Year over year
Revenue $170.0M $60.8M +179.7%
Gross Profit $114.2M $40.0M +185.7%
Operating Income $33.8M $5.4M +528.7%
Net Income $36.6M $6.7M +449.2%

CRDO Revenue by Segment

Product Sales$164.5M
IP License$4.2M
Product Engineering Services$1.3M

Figures from SEC filings and company reports. Not investment advice.