The earnings call highlighted significant revenue growth and profitability improvements for fiscal 2025, driven by strong performance in the AEC and optical product lines. The company has set a positive outlook for fiscal 2026, expecting substantial revenue growth and further customer diversification. However, there are concerns about tariff risks and inventory increases, and the long-term adoption of higher-speed optical DSPs may be slower than anticipated.

Company Guidance -

Q1 2026

During the earnings call for the fourth quarter of fiscal 2025, Credo provided substantial guidance on its financial performance and future outlook. The company reported a significant revenue increase to $170 million for Q4, marking a 26% sequential rise and a 180% year-over-year growth, with a non-GAAP gross margin of 67.4%. For the full fiscal year, Credo achieved record revenue of $437 million, up 126% year-over-year, and a non-GAAP gross margin of 65%. The company anticipates further growth, projecting Q1 fiscal 2026 revenue between $185 million and $195 million, with a gross margin range of 64% to 66%. Additionally, Credo expects its fiscal 2026 revenue to exceed $800 million, indicating a year-over-year growth of over 85%. The company is also focusing on customer diversification, with three existing hyperscalers each contributing over 10% of Q4 revenue and plans to ramp two new hyperscalers in the second half of fiscal 2026. With a strong emphasis on sustaining growth through innovative connectivity solutions, Credo is well-positioned to capitalize on expanding opportunities in the AI infrastructure market.

Record-Breaking Revenue and Growth

Credo achieved fiscal year 2025 revenue of $437 million, marking a growth of 126% year-over-year. The fourth quarter alone saw revenue of $170 million, a 26% sequential increase and up 180% year-over-year.

Strong Performance in AEC Product Line

The Active Electrical Cable (AEC) product line maintained a steep growth trajectory, with three hyperscalers each contributing over 10% of total revenue.

Optical Market Success

Credo secured a significant DSP win for an 800 gig transceiver, with initial deployments expected at the U.S. hyperscaler in fiscal '26, and demonstrated ultra-low power 100 gig per lane optical DSPs.

Improved Margins and Profitability

Non-GAAP gross margin for fiscal '25 was 65%, with an operating margin improvement of 2,500 basis points. Earnings per share for the year was $0.70, a $0.62 improvement over the prior year.

Positive Outlook for Fiscal 2026

Credo expects fiscal year 2026 revenue to exceed $800 million, representing year-over-year growth in excess of 85%.

Diversification of Customer Base

Credo anticipates adding two new hyperscalers in the second half of fiscal year 2026, further diversifying its customer base.

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
Sep 03, 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 Sep 03, 2025, After Close (Confirmed).

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

Credo Technology Group Holding Ltd. (CRDO) earnings time is at Sep 03, 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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