NASDAQ$CRDO
Credo Technology Group Holding Ltd · Q2 2026 earnings
Q2 2026 earnings · · After market close · Investor relations
Briefing
Credo reported strong financial performance in Q2 FY2026 with record revenue and profitability.
Credo achieved its best quarter ever, driven by AI infrastructure demand. Revenue rose over 270% YoY and profitability surged.
- Revenue grew 272% YoY to $268 million, the highest in company history.
- Net income reached $82.6 million, compared to a loss of $4.2 million a year ago.
- Non-GAAP EPS came in at $0.67, highlighting strong profitability.
- Gross margin remained high at 67.5% GAAP and 67.7% non-GAAP.
Headline financials
Revenue & EPS history
Credo · Revenue · Quarterly
$268M
Forward guidance
Credo expects continued revenue growth and profitability, driven by momentum in AI and connectivity markets.
Tailwinds
- Revenue guidance for Q3 FY26 set between $335M and $345M.
- Non-GAAP gross margin expected between 64.0% and 66.0%.
- Strong growth in AEC and IC product lines anticipated.
- New product ramps in ZeroFlap Optics, ALCs, and OmniConnect expected to drive future results.
- Continued profitability focus with controlled operating expenses.
Headwinds
- Operating expenses expected to increase to $116M–$120M GAAP.
- High share-based compensation expected at ~$48M.
- Macroeconomic uncertainty may affect customer spending.
- Potential risks in supply chain scaling as demand grows.
- High expectations priced in may add pressure for consistent outperformance.
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 Q2 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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