NASDAQ$CRDO
Credo Technology Group Holding Ltd · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Credo reported strong growth and profitability in Q1 FY2026, driven by hyperscaler demand and connectivity solutions.
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.
Headline financials
Revenue & EPS history
Credo · Revenue · Quarterly
$223M
Forward guidance
Credo expects continued revenue growth and margin stability in Q2 FY2026, supported by diversified customer demand and product expansion.
Tailwinds
- 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.
Headwinds
- 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
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2026
+3.8%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+0.1%
Avg return
30 days after
43%
9 / 21 earnings
Positive
+44.4%
Q2 2025
Best reaction
-15.7%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -2.4% | -3.8% | -11.2% | |
| Q2 2026 | +8.7% | +2.9% | -15.9% | |
| Q1 2026 | +7.3% | +19.4% | +15.3% | |
| Q4 2025 | +14.7% | +16.5% | +49.4% | |
| Q3 2025 | -14.0% | -27.4% | -38.7% | |
| Q2 2025 | +44.4% | +51.6% | +37.3% | |
| Q1 2025 | -15.7% | -23.3% | +3.0% | |
| Q4 2024 | +23.9% | +21.5% | +54.1% | |
| Q3 2024 | -0.6% | +0.7% | -5.0% | |
| Q2 2024 | -3.3% | +3.6% | +5.1% | |
| Q1 2024 | -2.6% | -1.5% | -7.5% | |
| Q4 2023 | +20.9% | +16.8% | +26.8% | |
| Q3 2023 | -3.3% | -4.3% | -11.2% | |
| Q2 2023 | +4.4% | +6.9% | -4.2% | |
| Q1 2023 | -8.5% | -9.0% | -22.4% | |
| Q2 2022 | -7.2% | -12.4% | -12.8% | |
| Q4 2022 | +26.5% | +24.5% | +10.4% | |
| Q3 2021 | -5.7% | -13.0% | -18.2% | |
| Q1 2022 | -5.7% | -13.0% | -18.2% | |
| Q4 2021 | -5.7% | -13.0% | -18.2% | |
| Q3 2022 | +2.7% | -13.1% | -14.6% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — |
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