Credo Technology Group Holding Ltd. (CRDO)
NASDAQ:CRDO
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Earnings Data
Report Date
Sep 09, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
1.16Last Year’s EPS
0.52Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed very strong operational and financial momentum: record revenue, large double- and triple-digit year-over-year growth, industry-leading margins, robust cash generation, and an aggressive product and optics roadmap (including the Dust Photonics acquisition). Management provided confident guidance for continued revenue growth (>80% YoY for FY27) and outlined a clear back-half inflection driven by optics while acknowledging execution and timing risks (customer lumpiness, supply-chain/process-node capacity, tariff uncertainty) and near-term elevated R&D/opex. On balance the positives (scale, margin expansion, product and M&A momentum, strong cash) substantially outweigh the cited risks.Company Guidance
Record Fiscal 2026 Revenue and Rapid Growth
Revenue for fiscal 2026 exceeded $1.3 billion, up 206% year over year, with non-GAAP net income of $662 million (more than 5x year over year). EPS was $3.46 for the year, a $2.76 improvement or +392% versus prior year.
Strong Q4 Performance
Q4 revenue hit a record $437 million, up 7% sequentially and 157% year over year; Q4 non-GAAP net income was $226.7 million (a 9% sequential increase and more than triple year over year).
High and Improving Margins
FY non-GAAP gross margin was 68.1%, up ~310 basis points year over year; Q4 non-GAAP gross margin was 68.3%. Q4 non-GAAP net margin was 51.9% and non-GAAP operating margin was 49.6% (flat sequentially). Management cited a ~2,100 basis point improvement in operating margin year over year.
Excellent Cash Generation and Strong Balance Sheet
Q4 cash flow from operations was a record $182.2 million (up $16 million sequentially). Free cash flow was $177.5 million (up $37.8 million sequentially). Cash and equivalents ended the quarter at $1.4 billion, up $141.8 million from Q3.
Product Portfolio Momentum and Strategic Acquisition
Acquisition of Dust Photonics closed, adding SiPho PIC technology and design wins spanning 800G and 1.6T with a roadmap to 3.2Tbps. Management expects CPO/NPO initial revenue in fiscal 2028. ZeroFlap optics, optical DSPs (Robin and Cardinal), retimers, and AECs all reported strengthening customer engagement.
Optics Revenue Ramp & FY27 Optical Target
Management expects fiscal 2027 optics revenue to exceed $600 million in total, with each leg (optical DSPs, SiPho PICs, ZeroFlap optics) contributing more than $100 million. Optical portfolio projected to be a major driver of a back-half inflection in FY27 and support >80% year-over-year total revenue growth for FY27.
New Growth Vectors with Multi-year Upside
AEC remains a core growth engine with continued adoption at 100G and emerging 200G lanes; PCIe Gen6 ADCs and retimers gaining traction; emerging ALC (active LED-based cables) and OmniConnect/Weaver gearbox targeted for production ramps in fiscal 2028 and positioned to address scale and memory bandwidth needs.
Disciplined Capital Plans
Company ended Q4 with strong cash and stated no current plans to raise additional capital or initiate buybacks; Dust Photonics acquisition cash paid (~$750 million) noted alongside continued strong quarterly cash flow (~$200M operating cash per quarter run-rate).
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 |
|---|---|---|---|
Jun 01, 2026 | $226.10 | $229.00 | +1.28% |
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% |
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 09, 2026, After Close (Confirmed).
What is Credo Technology Group Holding Ltd. (CRDO) earnings time?
Credo Technology Group Holding Ltd. (CRDO) earnings time is at Sep 09, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CRDO EPS forecast?
CRDO EPS forecast for the fiscal quarter 2027 (Q1) is 1.16.