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Aug 02, 2025
Credo Q1 2026 Earnings Report
Credo reported strong growth and profitability in Q1 FY2026, driven by hyperscaler demand and connectivity solutions.
Key Takeaways
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.
Revenue rose to $223.1M, up significantly year-over-year.
GAAP Net Income reached $63.4M, reversing last year’s Q1 loss.
Non-GAAP EPS climbed to $0.52, highlighting strong profitability.
Growth attributed to hyperscaler demand and energy-efficient connectivity.
Revenue by Geographic Location
Forward Guidance
Credo expects continued revenue growth and margin stability in Q2 FY2026, supported by diversified customer demand and product expansion.
Positive Outlook
- Revenue projected between $230M and $240M.
- Non-GAAP gross margin expected between 64.0% and 66.0%.
- Strong customer diversification expected.
- Product and protocol expansion continues.
- Hyperscaler demand anticipated to remain strong.
Challenges Ahead
- GAAP operating expenses expected to rise to $96M–$98M.
- Gross margin may decrease slightly from Q1 levels.
- Market fluctuations could impact demand.
- Tax adjustments and share-based comp continue to affect GAAP results.
- No detailed geographic revenue breakdown provided for future quarters.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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