Pricing Log in Create free account
Monday 2 November 2026 Export CRDO’s income statement to Excel — free account

Credo Technology Group Holding Ltd.

CRDO Technology Semiconductors

Credo Technology Group Holding Ltd.’s revenue for fiscal 2026 (year ended April 2026) was $1.3 billion, up 205.7% from fiscal 2025.

Revenue
+114.7%
EPS
+89.2%
Free cash flow
+61.6%

Quarter to July 2026, against a year earlier

140.81 10.18 −6.74%
Market cap
$28.4B
P/E
47.7×
Fwd P/E
34.2×
Dividend yield
—
F-score
7/9
Altman Z
82.75
Beneish M
−0.51
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Credo Technology Group Holding Ltd. (CRDO) Earnings & Analysis

Updated · Covers results through Q1 FY2027 · How this is made

Latest quarter

Credo reported Q1 FY2027 revenue of $479.0 million, compared with $223.1 million in Q1 FY2026, representing 114.7% growth on a year before. The company’s revenue of $479.0 million was above the consensus of $475.7 million, while the reported revenue comparison against consensus was 0.69%.

Credo reported adjusted EPS, as the consensus counts it, of $1.20 for the quarter to July 31, 2026, above the consensus adjusted EPS of $1.17; the reported comparison against consensus was 2.56%. The company reported diluted EPS of $0.67 in Q1 FY2027, compared with $0.34 in Q1 FY2026, an increase of 97.1%.

Credo reported a gross margin of 64.5%, versus 67.4% a year earlier, a change of −2.9 percentage points. The company reported an operating margin of 25.2%, compared with 27.2% in Q1 FY2026, a change of −2.0 percentage points. Credo reported free cash flow of $82.9 million, compared with $51.3 million a year earlier, an increase of 61.5%.

Q1 FY2027 Q1 FY2026 Change
Revenue $479.0 million $223.1 million 114.7%
Diluted EPS $0.67 $0.34 97.1%
Gross margin 64.5% 67.4% −2.9 percentage points
Operating margin 25.2% 27.2% −2.0 percentage points
Free cash flow $82.9 million $51.3 million 61.5%
Against the consensus Reported Consensus Result
Adjusted EPS $1.20 $1.17 Beat by 2.56%
Revenue $479.0 million $475.7 million Beat by 0.69%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

An earnings call is not available, so no management commentary on demand, pricing, margins, investment, competition or the quarter ahead is available here.

Guidance

Credo’s September 1, 2026 results release expects Q2 FY2027 revenue of $525.0 million to $535.0 million. The release expects GAAP gross margin of 62.9% to 64.9% and non-GAAP gross margin of 67.0% to 69.0%. Credo expects GAAP operating expenses of $199.0 million to $204.0 million and non-GAAP operating expenses of $100.0 million to $105.0 million.

Metric For Guide Previous guide Change
Operating expenses, non-GAAP Q2 FY2027 $100.0 million–$105.0 million — New
Operating expenses, GAAP Q2 FY2027 $199.0 million–$204.0 million — New
Gross margin, non-GAAP Q2 FY2027 67.0%–69.0% — New
Gross margin, GAAP Q2 FY2027 62.9%–64.9% — New
Revenue Q2 FY2027 $525.0 million–$535.0 million — New

This page is for information only. It is not investment advice, a recommendation or an offer to buy or sell any security. Figures come from the sources listed above and may contain errors; verify against the company's filings.