Q3 26 EPS
$1.07
BEAT +13.75%
Est. $0.94
Q3 26 Revenue
$407.0M
BEAT +5.00%
Est. $387.6M
vs S&P Since Q3 26
+125.6%
BEATING MARKET
CRDO +134.5% vs S&P +8.9%
Market Reaction
Did CRDO Beat Earnings? Q3 2026 Results
Credo Technology Group delivered a standout fiscal Q3 2026, with the AI connectivity specialist beating expectations on both fronts as revenue hit $407.01 million, a 201.5% year-over-year leap that reflects surging hyperscale demand for its Active El… Read more Credo Technology Group delivered a standout fiscal Q3 2026, with the AI connectivity specialist beating expectations on both fronts as revenue hit $407.01 million, a 201.5% year-over-year leap that reflects surging hyperscale demand for its Active Electrical Cables and high-speed interconnect solutions. Non-GAAP diluted EPS came in at $1.07, clearing the $0.94 consensus estimate by 13.75%, while revenue topped the $387.62 million expectation by 5.00%. The quarter's exceptional performance was anchored by explosive growth in AEC and IC shipments into AI data center infrastructure, with non-GAAP operating margins expanding to 49.6% from 31.4% a year ago, underscoring the leverage in Credo's fabless model. CEO Bill Brennan also unveiled three new product categories, including ZeroFlap optics and OmniConnect memory solutions, signaling the company's expansion beyond copper connectivity. Looking ahead, Credo guided Q4 revenue to $425.00 million to $435.00 million, though investors should note anticipated gross margin compression to the 64.0% to 66.0% range as new product categories scale.
Key Takeaways
- • Continued growth in Active Electrical Cables (AECs) and integrated circuits (ICs)
- • Expanding AI infrastructure demand driving 201.5% year-over-year revenue growth
- • 51.9% sequential revenue growth from Q2 to Q3 fiscal 2026
CRDO YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
CRDO Revenue by Segment
With YoY comparisons, source: SEC Filings
“In the third quarter Credo once again delivered record results with revenue of $407.0 million, an increase of more than 50% sequentially and 200% year over year. With continued growth in AECs and ICs and the announcement of three new multi-billion dollar TAM expansions through ZeroFlap optics, ALCs, and OmniConnect, we remain confident in our ability to innovate and grow in the expanding AI infrastructure landscape.”
— Bill Brennan, Q3 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
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% |