NASDAQ$CRDO

Credo Technology Group Holding Ltd · Q3 2026 earnings

Q3 2026 earnings · · After market close · Investor relations

Briefing

Credo Technology reported fiscal Q3 2026 revenue of $407M and diluted EPS of $0.82.

For the quarter ended January 31, 2026, revenue was $407.0 million versus $135.0 million a year ago. Net income was $157.1 million and diluted EPS was $0.82. Nine-month revenue was $898.1 million with net income of $303.2 million, driven by AI and hyperscale connectivity demand.

  • Q3 revenue $407M (+201% YoY).
  • Diluted EPS $0.82 vs $0.16 prior year.
  • Customer concentration and backlog support product ramps.
  • Working capital investment for inventory and receivables.

Headline financials

Total Revenue

$407M

Previous: $135M+201.5%
EPS (adj)

$0.82

Previous: $0.25+228.0%
Capital Expenditures

-$52.5M

Previous: -$32.4M-62.1%
Free Cash Flow

$230M

No prior period
Net Income

$157M

Previous: $29.4M+435.2%
Operating Income

$150M

Previous: $26.2M+471.2%
Gross Profit

$279M

Previous: $85.9M+224.5%

Revenue & EPS history

Credo · Revenue · Quarterly

$407M

Q3 2026+201.5%vs Q3 2025
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Management cites AI connectivity demand; quarterly bridge in 10-Q MD&A.

Tailwinds

  • Q3 revenue +201% YoY.
  • Nine-month net income $303M.

Headwinds

  • Customer concentration.
  • Inventory and receivable build for ramps.

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 Q3 2026

Historical avgQ3 2026

+4.1%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+0.1%

Avg return

30 days after

45%

10 / 22 earnings

Positive

+44.4%

Q2 2025

Best reaction

-15.7%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+11.1%+1.3%
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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