Credo's earnings call highlighted significant revenue growth, strong gross margins, and successful customer diversification. Despite these positive results, concerns about tariffs and increased inventory levels were noted. Overall, the positive aspects notably outweigh the challenges.

Company Guidance -

Q1 2026

During the earnings call for the fourth quarter of fiscal 2025, Credo reported remarkable financial performance and provided guidance for the upcoming fiscal year. In Q4, the company achieved revenue of $170 million, marking a 26% sequential increase and a 180% rise year-over-year, with a non-GAAP gross margin of 67.4%. For the full fiscal year 2025, revenue reached $437 million, a 126% increase from the previous year, with a non-GAAP gross margin of 65%. Looking ahead to Q1 of fiscal 2026, Credo expects revenue between $185 million and $195 million and a non-GAAP gross margin of 64% to 66%. The company anticipates fiscal 2026 revenue to exceed $800 million, reflecting growth above 85% year-over-year, driven by diversification and expansion into new hyperscaler customers. Credo's strategic focus on innovative high-speed connectivity solutions and customer diversification positions the company for sustained growth, with a long-term outlook including significant contributions from its optical and advanced connectivity solutions.

Record-Breaking Revenue and Growth

Credo achieved revenue of $437 million for fiscal '25, marking a growth of 126% year-over-year. Q4 revenue was $170 million, up 180% year-over-year and 26% sequentially.

Strong Non-GAAP Gross Margin

Fiscal '25 non-GAAP gross margin was 65%, with Q4 non-GAAP gross margin at 67.4%, up 355 basis points sequentially.

Significant Customer Diversification

Three hyperscalers each contributed over 10% of Q4 revenue, with plans to ramp two more in the second half of fiscal '26.

Optical and Retimer Business Growth

Optical DSP revenue targets were achieved, with a significant 800 gig transceiver win. Retimer business showed robust results, driven by 50 gig and 100 gig per lane Ethernet solutions.

Strong Operating Margin and Cash Flow

Fiscal '25 operating margin improved by 2,500 basis points. Q4 non-GAAP operating income was $62.5 million, and cash flow from operations was $57.8 million.

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
Aug 27, 2025	2026 (Q1)	0.35 / -	0.04	―	―	―
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)	―
May 31, 2023	2023 (Q4)	-0.04 / -0.04	0.02	-300.00% (-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
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%
Sep 04, 2024	$31.30	$26.65	-14.86%

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 Aug 27, 2025, After Close (Confirmed).

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

Credo Technology Group Holding Ltd (CRDO) earnings time is at Aug 27, 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 (Q1) is 0.35.

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