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Credo Technology Group Holding Ltd (CRDO)
NASDAQ:CRDO
Earnings Data
Report Date
Jun 03, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1Last Year’s EPS
0.35Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed very strong operational and financial momentum: record revenue, robust margins, exceptional cash generation, multiple product ramps (ZeroFlap Optics, AECs, PCIe Gen6, Blue Heron, OmniConnect, ALCs) and an acquisition to expand IP capabilities. Near-term conservatism appears in guidance (lower gross margin midpoint, modest sequential revenue guidance) and there are manageable risks including customer concentration, an inventory build, elevated R&D/OpEx, tariff and memory supply uncertainty, and market noise around CPO/optical competition. On balance, the call emphasized accelerating growth and execution with identifiable but contained risks.Company Guidance
Record Revenue and Rapid Growth
Revenue of $407.0M in Q3 FY26, up 52% sequentially and more than 200% year-over-year (tripled YoY). Management highlighted ~6x revenue growth over two years and expects fiscal '27 revenue growth of >50% YoY (mid-single-digit sequential growth).
Strong Profitability and Margin Expansion
Q3 non-GAAP gross margin 68.6% (up 92 bps sequential). Non-GAAP operating income $201.8M (vs $124.1M in Q2). Non-GAAP net income $208.8M, a 63% sequential increase and ~4x YoY. Non-GAAP operating margin 49.6% (up 327 bps sequential) and non-GAAP net margin 51.3%.
Record Cash Generation and Solid Liquidity
Operating cash flow was a record $166.2M (up $104.6M sequential). Free cash flow $139.7M (up >$100M sequential). Cash & equivalents $1.3B at quarter end, up $487.9M sequential (ATM proceeds + strong FCF). CapEx was $26.5M.
Product Wins and Product Roadmap Momentum
Secured a fifth hyperscaler and multiple large customer engagements. ZeroFlap Optics: production shipments to first Neocloud customer (Tensor Way) and qualification with 3 additional customers; management expects a significant production ramp beginning Q1 FY27. PCIe Gen6 AECs sampling; mass production H1 FY27. Blue Heron 200G retimer, OmniConnect (Weaver gearbox) and ALC roadmap (sampling FY27, production FY28) expand TAM.
Operational Execution and Supply-Chain Readiness
Management credited silicon and system ops for scaling production and meeting upside demand. Company reports supply alignment across wafer nodes (12nm, 7nm, 5nm, 3nm) and confidence in supporting 2027 ramp and upside.
Strategic M&A and IP Integration
Closed acquisition of Chimera (protocol, error-correction and security IP) to accelerate end-to-end connectivity roadmap and strengthen system-level offerings.
Credo Technology Group Holding Ltd (CRDO) Earnings, Revenues Date & History
CRDO Earnings History
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 |
|---|---|---|---|
Mar 02, 2026 | $114.22 | $97.30 | -14.81% |
Dec 01, 2025 | $171.13 | $188.44 | +10.12% |
Sep 03, 2025 | $124.77 | $134.00 | +7.40% |
Jun 02, 2025 | $62.65 | $71.92 | +14.80% |
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 Jun 03, 2026, After Close (Confirmed).
What is Credo Technology Group Holding Ltd (CRDO) earnings time?
Credo Technology Group Holding Ltd (CRDO) earnings time is at Jun 03, 2026, 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 (Q4) is 1.