Credo Earnings Reports

Credo achieved its best quarter ever, driven by AI infrastructure demand. Revenue rose over 270% YoY and profitability surged.

Credo Technology Group posted significant year-over-year and sequential growth in Q1 FY2026, with record revenues, robust margins, and positive net income fueled by strategic partnerships and product demand.

Credo delivered a robust Q4 FY2025, with revenue climbing to $170 million and net income turning positive at $36.6 million, reflecting surging demand for AI-powered connectivity solutions.

Credo delivered an exceptional Q3 2025 with revenue reaching $135.0 million, reflecting an 87.4% sequential growth and 154.4% year-over-year increase. GAAP net income came in at $29.4 million, with GAAP diluted EPS of $0.16, while non-GAAP net income was $45.4 million, with non-GAAP diluted EPS of $0.25. The company's gross margin remained strong at 63.6% on a GAAP basis and 63.8% on a non-GAAP basis. The company ended the quarter with a cash and short-term investment balance of $379.2 million.

Credo reported record revenue of $72.0 million for Q2 2025, representing a 20.6% increase quarter-over-quarter and a 63.6% increase year-over-year. The company's GAAP net loss was $(4.2) million, while non-GAAP net income was $12.3 million.

Credo Technology Group reported a strong first quarter for fiscal year 2025, with revenue reaching $59.7 million, a 70% increase year-over-year. The company's growth was primarily driven by record product revenues of $57.3 million, fueled by customer AI infrastructure deployments. GAAP net loss was $(9.5) million, while non-GAAP net income was $7.0 million.

Credo Technology Group Holding Ltd reported strong Q4 results, driven by AI deployments, with revenue reaching $60.8 million, an 89.4% increase year-over-year. The company achieved a GAAP gross margin of 65.8% and a non-GAAP gross margin of 66.1%. GAAP net loss was $10.5 million, while non-GAAP net income was $11.8 million.

Credo Technology Group Holding Ltd reported revenue of $53.1 million, which grew by 20% quarter over quarter. GAAP gross margin was 61.4% and non-GAAP gross margin was 62.2%. GAAP net income was $0.4 million and non-GAAP net income was $6.3 million. GAAP diluted net income per share was $0.00 and non-GAAP diluted net income per share was $0.04.

Credo Technology Group reported a 25% quarter-over-quarter revenue growth, reaching $44.0 million. The company's GAAP net loss was $6.6 million, or $0.04 per share, while non-GAAP net income was $1.2 million, or $0.01 per share. The GAAP gross margin was 59.3%, and the non-GAAP gross margin was 59.9%.

Credo Technology Group reported revenue of $35.1 million, an increase of 9% compared to the prior quarter. The company's GAAP gross margin was 59.2% and non-GAAP gross margin was 59.8%. GAAP net loss was $11.7 million and non-GAAP net loss was $4.7 million.

Credo Technology Group Holding Ltd reported Q4 2023 revenue of $32.1 million, a 14.5% decrease year-over-year. GAAP gross margin was 57.9% and non-GAAP gross margin was 58.2%. The company experienced a GAAP net loss of $15.9 million and a non-GAAP net loss of $5.7 million.

Credo Technology Group reported revenue of $54.3 million, a 6% increase quarter over quarter. GAAP gross margin was 58.9% and non-GAAP gross margin was 59.3%. GAAP net income was $2.8 million, with a GAAP diluted net income per share of $0.02. The company's cash and short-term investment balance ended at $233.0 million.

Credo Technology Group Holding Ltd reported record revenue of $51.4 million, an increase of 94% year over year and 11% compared to the prior quarter. The company remains optimistic about its future prospects and expects to achieve at least $200 million in revenue for the full fiscal year.

Credo Technology Group reported revenue of $46.5 million, a 24% increase quarter over quarter. GAAP gross margin was 59.5% and non-GAAP gross margin was 60.5%. GAAP net loss was $0.1 million, while non-GAAP net income was $5.4 million.

Credo Technology Group Holding Ltd reported a strong fiscal third quarter with record quarterly revenue of $31.8 million, a 136% increase year-over-year. The company's GAAP gross margin was 60.1%, and non-GAAP gross margin was 60.7%. Credo also completed its Initial Public Offering during the quarter.