$CRDO

Credo Technology Non-GAAP EPS of $1.16 beats by $0.13, revenue of $437M beats by $3.7M
Q4 Non-GAAP EPS of $1.16 beats by $0.13.
Revenue of $437M (+157.0% Y/Y) beats by $3.7M.
Bill Brennan, Credo’s President and Chief Executive Officer, stated, “Fiscal 2026 marked another defining year for Credo. For the year, revenue more than tripled to $1.3 billion, and non-GAAP net income increased more than five times to $662 million. As we enter into fiscal 2027, Credo expects to achieve continued strong financial performance with our innovative and vertically integrated approach that enables customers to accelerate cluster time-to-stability, maximize GPU utilization, improve network reliability, and reduce overall infrastructure power and operating costs.”
First Quarter of Fiscal Year 2027 Financial Outlook
Revenue is expected to be between $465.0 million and $475.0 million vs consensus of $464.67M.
GAAP gross margin is expected to be between 66.9% and 68.9%, and non-GAAP gross margin is expected to be between 67.0% and 69.0%
GAAP operating expenses are expected to be between $167.6 million and $171.6 million, and non-GAAP operating expenses are expected to be between $86.0 million and $90.0 million