Credo Technology Group Holding Limited

Latest Results (31.07.2026):

Credo Technology Group Holding Limited — Fourth Quarter of Fiscal Year 2026: Credo reported Q4 FY2026 revenue of $437.0 million (up 7.4% quarter‑over‑quarter and 157.0% year‑over‑year), GAAP net income of $169.1 million (GAAP diluted EPS $0.88) and non‑GAAP net income of $226.7 million (non‑GAAP diluted EPS $1.16). GAAP gross margin was 68.2% (non‑GAAP 68.3%). Ending cash plus short‑term investments totaled about $1.4 billion. Management provided Q1 FY2027 guidance and reiterated strong full‑year momentum.

Revenue & growth

Q4 FY2026 revenue $437.0M (+7.4% QoQ, +157.0% YoY). Fiscal 2026 revenue was $1.335 billion (more than tripled vs. FY2025).

Profitability

Q4 GAAP net income $169.1M (GAAP diluted EPS $0.88). Non‑GAAP Q4 net income $226.7M (non‑GAAP diluted EPS $1.16). Q4 GAAP gross margin 68.2% / non‑GAAP gross margin 68.3%.

Expenses & margins

Q4 GAAP operating expenses $142.2M; Q4 non‑GAAP operating expenses $81.7M. Q4 GAAP operating income $155.8M (35.7% margin); Q4 non‑GAAP operating income $216.7M (49.6% margin).

Liquidity & balance sheet

Ending cash and short‑term investments ≈ $1.44B (cash $1,164.95M + short‑term investments $278.33M). Total assets $2.296B and shareholders’ equity $2.064B at May 2, 2026.

Full‑year FY2026 highlights

Fiscal 2026 revenue $1.335B and GAAP net income $472.3M. Non‑GAAP net income for FY2026 was $661.5M (~$662M as cited by management), and non‑GAAP net income margin for the year ~49.5%.

Q1 FY2027 outlook

Management expects Q1 FY2027 revenue $465.0M–$475.0M; GAAP gross margin 66.9%–68.9% (non‑GAAP 67.0%–69.0%); GAAP operating expenses $167.6M–$171.6M (non‑GAAP operating expenses $86.0M–$90.0M).

Non‑GAAP adjustments

Non‑GAAP results exclude share‑based compensation, acquisition/integration costs, amortization of acquired intangibles and impairment charges; these adjustments materially raise reported non‑GAAP profitability versus GAAP in Q4 and FY2026.