What were Credo Technology Group (NASDAQ:CRDO)’s Q4 2026 revenues?

Credo Technology Group reported Q4 2026 consolidated revenue of $437 million, up 7.4% sequentially and 157% year-over-year, driven by global demand for high-speed, energy-efficient connectivity solutions.

How did Credo Technology (NASDAQ:CRDO) perform for the full fiscal year 2026?

The company achieved triple-digit annual top-line growth, fueled by enterprise and AI data center expansion, with strong profitability maintained throughout the year.

What were the gross margins for Credo Technology (NASDAQ:CRDO) in Q4 2026?

GAAP gross margin was 68.2%, and non-GAAP gross margin was 68.3%, reflecting consistent operational efficiency alongside rapid revenue growth.

How much did Credo Technology (NASDAQ:CRDO) earn in net income for Q4 2026?

GAAP net income was $169.1 million, or $0.88 per diluted share. Non-GAAP net income, adjusting for stock-based compensation and non-recurring administrative items, rose to $226.7 million, or $1.16 per diluted share.

How did Credo Technology (NASDAQ:CRDO) manage operating expenses?

GAAP operating expenses totaled $142.2 million, while non-GAAP operating expenses were reduced to $81.7 million, demonstrating disciplined cost control and efficiency.

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Credo Technology Q4 revenue rises 157% on scaling demand

Written by Brie CarterPublished Jun. 1 2026Last Updated Jun. 1 2026

Credo Technology Group Holding (NASDAQ:CRDO) reported its financial and operating results for the fourth quarter and full fiscal year 2026 ended May 2, 2026, delivering triple-digit top-line expansion fueled by accelerated global demand for high-speed, energy-efficient data connectivity infrastructure.

The hardware connectivity developer posted consolidated revenue of $437 million for the fiscal fourth quarter.

This represents a sequential growth of 7.4% quarter-over-quarter and a 157% surge compared to the prior-year period.

The robust expansion underscores the critical role of the company's high-speed signaling solutions as enterprise networks and artificial intelligence data centers scale outward.

During the period under review, Credo maintained high profitability thresholds alongside its top-line expansion, reporting a GAAP gross margin of 68.2% and a non-GAAP gross margin of 68.3% for the three-month period.

Under GAAP metrics, operating expenses stood at $142.2 million, translating to a GAAP net income of $169.1 million, or $0.88 per diluted share.

On a non-GAAP basis, which adjusts for stock-based compensation and other non-recurring administrative events, operating expenses were managed down to $81.7 million.

Consequently, non-GAAP net income climbed to $226.7 million, yielding non-GAAP diluted net income per share of $1.16.

The company concluded the fiscal year with significant balance sheet liquidity, reporting an ending cash and short-term investment balance of $1.4 billion.