Credo Technology Group (CRDO) Q3 2026 Earnings
How Did CRDO Stock React to Q3 2026 Earnings?
S&P 500 over the same 30 days: −3.60%.
Did CRDO Beat Earnings? Q3 2026 Results
Yes. Credo Technology Group reported Q3 2026 earnings of $1.07 a share on Mar 2, 2026, beating the $0.94 consensus estimate by 13.7%. Revenue was $407.0M against a $387.6M estimate.
Credo Technology Group delivered a standout fiscal Q3 2026, with the AI connectivity specialist <a href="https://247wallst.com/investing/2026/03/02/live-will-credo-technology-crush-earnings-after-the-bell-tonight/">beating expectations on both fronts</a> 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.
- 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
“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.”
Credo Technology Group CEO, on the earnings call
What Was Credo Technology Group's Outlook in Q3 2026?
For fiscal Q4 2026 (three months ending May 2, 2026), Credo expects revenue between $425.0 million and $435.0 million. GAAP gross margin is expected between 63.9% and 65.9%, with non-GAAP gross margin between 64.0% and 66.0%. GAAP operating expenses are expected between $125.5 million and $129.5 million, and non-GAAP operating expenses between $76.0 million and $80.0 million.
CRDO YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $407.0M | $135.0M | +201.5% |
| Gross Profit | $278.9M | $85.9M | +224.5% |
| Operating Income | $149.6M | $26.2M | +471.2% |
| Net Income | $157.1M | $29.4M | +435.2% |
CRDO Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.