Credo Technology Group (CRDO) Q4 2026 Earnings
How Did CRDO Stock React to Q4 2026 Earnings?
S&P 500 over the same 30 days: −1.09%.
Did CRDO Beat Earnings? Q4 2026 Results
Yes. Credo Technology Group reported Q4 2026 earnings of $1.16 a share on Jun 1, 2026, beating the $1.03 consensus estimate by 12.2%. Revenue was $437.0M against a $433.3M estimate.
Credo Technology Group capped fiscal year 2026 with a standout fourth quarter, posting revenue of $437.00 million, up 157.0% year over year and ahead of the $433.30 million consensus estimate, while non-GAAP diluted EPS of $1.16 cleared the $1.03 Wall Street forecast by 12.17%, extending the company's streak to four consecutive quarters of beating EPS expectations. <a href="https://247wallst.com/investing/2026/06/01/live-will-credo-keep-rallying-after-q4-earnings-tonight/">Investors had been watching closely</a> heading into the print, and the results validated their optimism, with surging demand for high-speed connectivity solutions powering AI data center infrastructure driving the explosive top-line growth. Non-GAAP gross margin held firm at 68.3%, up from 67.4% a year ago, reflecting disciplined execution even as R&D spending climbed to $90.53 million to fund next-generation products. For the full fiscal year, revenue more than tripled to $1.34 billion. Looking ahead, Credo guided Q1 FY2027 revenue to $465.00 million to $475.00 million, signaling continued sequential momentum as AI infrastructure buildout accelerates.
- 157.0% year-over-year revenue growth driven by surging AI data infrastructure demand
- Revenue more than tripled for the full fiscal year to $1.3 billion
- Non-GAAP net income increased more than five times to $662 million for full year
- Non-GAAP operating income margin of 49.6% in Q4
- Non-GAAP net income margin of 51.9% in Q4
“Fiscal 2026 marked another defining year for Credo. For the year, revenue more than tripled to $1.3 billion, and non-GAAP net income increased more than five times to $662 million. As we enter into fiscal 2027, Credo expects to achieve continued strong financial performance with our innovative and vertically integrated approach that enables customers to accelerate cluster time-to-stability, maximize GPU utilization, improve network reliability, and reduce overall infrastructure power and operating costs.”
Credo Technology Group CEO, on the earnings call
What Was Credo Technology Group's Outlook in Q4 2026?
For Q1 FY2027 (three months ending August 1, 2026), Credo expects revenue between $465.0 million and $475.0 million. GAAP gross margin is expected between 66.9% and 68.9%, with non-GAAP gross margin between 67.0% and 69.0%. GAAP operating expenses are expected between $167.6 million and $171.6 million, while non-GAAP operating expenses are expected between $86.0 million and $90.0 million. The company expects continued strong financial performance entering fiscal 2027.
CRDO YoY Financials
| Metric | Q4 2026 | Q4 2025 | Year over year |
|---|---|---|---|
| Revenue | $437.0M | $170.0M | +157.0% |
| Gross Profit | $298.1M | $114.2M | +161.0% |
| Operating Income | $155.8M | $33.8M | +361.2% |
| Net Income | $169.1M | $36.6M | +362.2% |
CRDO Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.