Reported Q: Q2 2026 Rev YoY: +348.9% EPS YoY: +913.2% Move: +9.16%
Credo Technology Group
CRDO
$134.72 9.16%
Exchange NASDAQ Sector Technology Industry Communication Equipment
Q2 2026
Published: Dec 1, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for CRDO

Reported

Report Date

Dec 1, 2025

Quarter Q2 2026

Revenue

268.03M

YoY: +348.9%

EPS

0.45

YoY: +913.2%

Market Move

+9.16%

Previous quarter: Q1 2026

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Earnings Highlights

  • Revenue of $268.03M up 348.9% year-over-year
  • EPS of $0.45 increased by 913.2% from previous year
  • Gross margin of 67.5%
  • Net income of 82.64M
  • ""We now have 5 distinct high-growth connectivity pillars: AECs, IC solutions, including retimers and optical DSPs, zero-flap optics, ALCs and OmniConnect Gearbox solutions. Together, they'll give Credo a combined total market opportunity that we believe will exceed $10 billion in the coming years, more than triple where we stood just 18 months ago."" - William Brennan
CRDO
Company CRDO

Executive Summary

Credo reported a landmark QQ2 2026 quarter with record revenue of $268.0 million, up 20% sequentially and 272% year-over-year, underscoring the company’s rapid expansion driven by its three existing pillars (AECs and IC solutions) and three new growth pillars (Zero Flap optics, active LED cables (ALCs), and OmniConnect gearboxes). Non-GAAP gross margin reached 67.7%, with non-GAAP net income of approximately $128 million, reflecting significant operating leverage from more than 20% top-line growth. Management reaffirmed a multi-pillared growth strategy aimed at expanding the total addressable market to over $10 billion, with sampling and early revenue for new products anticipated in fiscal 2027 and beyond. The company also highlighted a robust balance sheet, ending Q2 with roughly $814 million in cash and equivalents and a net cash position of about $555 million, enabling continued investment in high-growth initiatives while maintaining a large liquidity buffer. Near-term guidance for Q3 2026 calls for revenue of $335–$345 million and non-GAAP gross margins of 64–66%, signaling ongoing top-line momentum and leverage. While the outlook remains strong, Credo notes tariff and wafer-capacity dynamics as potential headwinds and reiterates a planned mid-single-digit sequential growth trajectory for fiscal year 2027, with gross margins expected to settle in the 63–65% range over the medium term.

Key Performance Indicators

Revenue
Increasing
268.03M
QoQ: 20.15% | YoY: 348.85%
Gross Profit
Increasing
181.05M
67.55% margin
QoQ: 20.40% | YoY: 385.60%
Operating Income
Increasing
78.80M
QoQ: 29.72% | YoY: 645.26%
Net Income
Increasing
82.64M
QoQ: 30.34% | YoY: 966.21%
EPS
Increasing
0.47
QoQ: 27.03% | YoY: 913.15%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2026 268.03 0.45 +348.9% View
Q1 2026 223.07 0.34 +267.0% View
Q3 2025 135.00 0.16 +122.1% View
Q2 2025 72.03 -0.03 +35.8% View
Q1 2025 59.71 -0.06 +35.6% View