The earnings call reflects a strong performance with significant revenue growth and successful expansion in various market segments, including AEC and optical businesses. Despite challenges such as nonlinear growth patterns and inventory increases, the company's robust guidance and strategic positioning in emerging markets contribute to an overall positive outlook.

Company Guidance

During the fiscal year 2026 first-quarter earnings call, Credo reported robust financial performance, with revenue reaching $223 million, marking a 31% sequential increase and a 274% year-over-year growth. The company achieved a non-GAAP gross margin of 67.6% and a non-GAAP net income of nearly $100 million. Demand for Credo's high-speed connectivity solutions, particularly in the AEC market, was fueled by strategic partnerships with hyperscalers, with three contributing over 10% of revenue. As the company anticipates significant year-over-year growth, it expects continued diversification in customers, protocols, and applications. Credo's optical business sustained strong momentum, aiming to double its optical revenue, while its Ethernet retimer business saw stronger results, positioning the company for PCIe design wins in 2025, with production revenue anticipated in 2026. Credo projects around 120% year-over-year growth for fiscal 2026, with non-GAAP net margins expected to be approximately 40% in the coming quarters.

Record Revenue Growth

Credo reported Q1 revenue of $223 million, reflecting a 31% sequential increase and a 274% year-over-year increase.

Strong Non-GAAP Financial Performance

Non-GAAP gross margin was 67.6%, with non-GAAP net income nearing $100 million, demonstrating significant financial leverage.

Expansion of AEC Market

AEC product line shows robust growth with diversification in customer base, including a fourth hyperscaler contributing to revenue.

Optical Business Momentum

Sustained strong momentum in optical business with expectations to double optical revenue in fiscal 2026.

Retimer Business Success

Ethernet retimer business achieved stronger results with PCIe retimer family gaining significant traction.

Positive Guidance and Outlook

Revenue guidance for fiscal 2026 is expected to be between $230 million and $240 million, with anticipated 120% year-over-year growth.

Credo Technology Group Holding Ltd (CRDO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CRDO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 26, 2025	2026 (Q2)	0.49 / -	0.07	―	―	―
Sep 03, 2025	2026 (Q1)	0.36 / 0.52	0.04	1200.00% (+0.48)	―
Jun 02, 2025	2025 (Q4)	0.27 / 0.35	0.07	400.00% (+0.28)	―
Mar 04, 2025	2025 (Q3)	0.18 / 0.25	0.04	525.00% (+0.21)	―
Dec 02, 2024	2025 (Q2)	0.05 / 0.07	0.01	600.00% (+0.06)	―
Sep 04, 2024	2025 (Q1)	0.04 / 0.04	-0.03	233.33% (+0.07)	―
May 29, 2024	2024 (Q4)	0.05 / 0.07	-0.04	275.00% (+0.11)	―
Feb 27, 2024	2024 (Q3)	0.03 / 0.04	0.05	-20.00% (-0.01)	―
Nov 29, 2023	2024 (Q2)	>-0.01 / 0.01	0.02	-50.00% (-0.01)	―
Aug 24, 2023	2024 (Q1)	-0.03 / -0.03	0.03	-200.00% (-0.06)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CRDO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 03, 2025	$124.77	$134.00	+7.40%
Jun 02, 2025	$62.65	$71.92	+14.80%
Mar 04, 2025	$54.32	$46.73	-13.97%
Dec 02, 2024	$47.80	$70.69	+47.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Credo Technology Group Holding Ltd (CRDO) report earnings?

Credo Technology Group Holding Ltd (CRDO) is schdueled to report earning on Nov 26, 2025, After Close (Confirmed).

What is Credo Technology Group Holding Ltd (CRDO) earnings time?

Credo Technology Group Holding Ltd (CRDO) earnings time is at Nov 26, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CRDO EPS forecast?

CRDO EPS forecast for the fiscal quarter 2026 (Q2) is 0.49.

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