Global Finance News
04 Sep 2025, 10:19
Credo Reports Q1 FY2026 Results
Credo Technology Group (Nasdaq: CRDO) posted Q1 FY2026 revenue of $223.1 million, up 274% year-over-year and 31% sequentially. GAAP net income was $63.4 million, or $0.34 per share, while non-GAAP net income reached $98.3 million, or $0.52 per share. Gross margin stood at 67.4% GAAP and 67.6% non-GAAP.
The company ended the quarter with $479.6 million in cash and short-term investments.
For Q2, Credo expects revenue of $230–240 million, GAAP gross margin of 63.5–65.5%, and non-GAAP gross margin of 64–66%. GAAP operating expenses are projected at $96–98 million and non-GAAP expenses at $56–58 million.
Credo Technology Group (Nasdaq: CRDO) posted Q1 FY2026 revenue of $223.1 million, up 274% year-over-year and 31% sequentially. GAAP net income was $63.4 million, or $0.34 per share, while non-GAAP net income reached $98.3 million, or $0.52 per share. Gross margin stood at 67.4% GAAP and 67.6% non-GAAP.
The company ended the quarter with $479.6 million in cash and short-term investments.
For Q2, Credo expects revenue of $230–240 million, GAAP gross margin of 63.5–65.5%, and non-GAAP gross margin of 64–66%. GAAP operating expenses are projected at $96–98 million and non-GAAP expenses at $56–58 million.
