Credo Technology Group Holding Ltd (CRDO) SEC Filings & Earnings Calls
EquiReason read 11 Credo Technology Group Holding Ltd SEC filings in the last 12 months. Latest: 10-Q on 2026-09-02 — Credo reported Q1-2027 revenue of $479M (+114.7% YoY) and net income of $129.4M (+104.1% YoY), driven by AEC product ramp at hyperscale customers..
Source: SEC EDGAR filings · figures as of 2026-08-01 · read by EquiReason
- Market cap
- 27.7B
- P/E TTM
- 52.2
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 30 Nov, in 37 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
2 Sep 202610-QCredo reported Q1-2027 revenue of $479M (+114.7% YoY) and net income of $129.4M (+104.1% YoY), driven by AEC product ramp at hyperscale customers.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2027 | $479M | +115% y/y |
| Net Income · Q1-2027 | $129M | +104% y/y |
| Gross Margin · Q1-2027 | 64.5% | |
| Cash and Cash Equivalents · 2026-08-01 | $467M | |
| Operating Cash Flow · Q1-2027 | $90M | +67% y/y |
Risks flagged
Customer concentration
“Customer D 33%, Customer C 28%, Customer E 13%, Customer F 10% of revenue in Q1-2027.”
Gross margin pressure from acquisitions
“Gross margin decreased 2.9 percentage points YoY primarily driven by amortization of acquired intangible assets.”
Cash burn from acquisition and working capital
“Cash decreased from $1.2B to $466.9M due to DustPhotonics acquisition and working capital build.”
1 Sep 20268-K · 2.02Q1 FY2027 revenue $479M (beat guidance of $450-460M?), up 115% YoY. Non-GAAP net income $236.3M, up 140% YoY. Q2 guidance $525-535M, above consensus. Strong AI-driven demand.open
Figures in the filing · each found in the filing text
| Revenue · Q1 FY2027 | $479M | +115% y/y |
| Non-GAAP gross margin · Q1 FY2027 | 68.0% | |
| Non-GAAP net income · Q1 FY2027 | $236M | +140% y/y |
| Non-GAAP diluted EPS · Q1 FY2027 | $1.20 | |
| Cash and short-term investments · Q1 FY2027 | $764M |
Guidance
Q2 FY2027 revenue guidance $525-535M vs Q1 $479M
Strong Q1 beat and Q2 guidance above Q1 actuals, indicating accelerating demand.
Risks flagged
High dependence on AI infrastructure spending; any slowdown could impact growth.
“As AI infrastructure scales, we will continue to provide an innovative suite of reliable and energy-efficient connectivity solutions for the data center.” · word for word
25 Aug 2026DEF 14AProxy statement for annual general meeting; no material event disclosed.open
Figures in the filing · each found in the filing text
| Revenue · FY2026 | $1.34B | +206% y/y |
| GAAP Net Income · FY2026 | $472M | +805% y/y |
| Non-GAAP Net Income · FY2026 | $662M | +409% y/y |
15 Jun 202610-KNet Income $472M (+805% y/y); Research and Development Expenses $279M (+90% y/y); Number of Engineers 616open
Figures in the filing · each found in the filing text
| Net Income · FY2026 | $472M | +805% y/y |
| Research and Development Expenses · FY2026 | $279M | +90% y/y |
| Number of Engineers · FY2026 | 616 | |
| Issued Patents (US) · FY2026 | 86 |
Risks flagged
Customer concentration
“In fiscal 2026, sales to our top 10 customers accounted for approximately 90% of our total revenue.” · word for word
TSMC dependency
“In fiscal year 2026, we exclusively used Taiwan Semiconductor Manufacturing Company Limited (TSMC) for semiconductor wafer production.” · word for word
Design win dependency
“Our business can be dependent on us winning competitive bid selection processes, known as 'design wins'.” · word for word
1 Jun 20268-K · 2.02, 5.02Revenue $437M (+157% y/y); Non-GAAP gross margin 68.3; Non-GAAP net income $227M; Guidance: Q1 FY2027 revenue guidance $465-475M vs. Q4 FY2026 actual $437M, implying sequential growth of ~6-9%earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q4-2026 | $437M | +157% y/y |
| Non-GAAP gross margin · Q4-2026 | 68.3% | |
| Non-GAAP net income · Q4-2026 | $227M | |
| Non-GAAP diluted EPS · Q4-2026 | $1.16 | |
| FY2026 revenue · FY2026 | $1.30B | |
| FY2026 non-GAAP net income · FY2026 | $662M | |
| Cash and short-term investments · Q4-2026 | $1.40B |
Guidance
Q1 FY2027 revenue guidance $465-475M vs. Q4 FY2026 actual $437M, implying sequential growth of ~6-9%
Credo raised guidance with Q1 FY2027 revenue above Q4 actual, indicating continued strong demand driven by AI connectivity.
Risks flagged
Potential dependency on AI infrastructure spending cycle; any slowdown could impact growth.
“Revenue growth driven by AI connectivity; guidance implies continued strong demand but cyclical risk.”
13 Apr 20268-K · 3.02, 7.01Optical revenue target $500M; Cash consideration $750M; Share consideration 920,000; Guidance: >$500M optical revenue in FY2027share dilutionopen
Figures in the filing · each found in the filing text
| Optical revenue target · optical · FY2027 | $500M | |
| Cash consideration · Q2-2026 | $750M | |
| Share consideration · Q2-2026 | 920,000 | |
| Contingent shares · Q2-2026 | 3,210,000 |
Guidance
>$500M optical revenue in FY2027
Credo expects combined optical revenue >$500M in FY2027, indicating strong demand acceleration from hyperscale AI deployments.
Risks flagged
Integration risk: combining DustPhotonics operations and technology may face execution challenges.
“Acquisition integration risk typical for M&A; contingent consideration tied to financial milestones.”
Share dilution from issuance of ~0.92M shares plus up to 3.21M contingent shares.
“Issuance of approximately 0.92 million ordinary shares and potential up to 3.21 million contingent shares.”
3 Mar 202610-QCredo Technology reported Q3 FY2026 revenue of $407.0 million, up 201.5% year-over-year, driven by a significant ramp in AEC product shipments to hyperscale data center customers, with gross margin expanding to 68.5%.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2026 | $407M | +202% y/y |
| Net income · Q3-2026 | $157M | +434% y/y |
| Gross margin · Q3-2026 | 68.5% | |
| Cash and cash equivalents · 2026-01-31 | $1.22B | |
| Revenue by end customer - Customer B · Customer B · Q3-2026 | 39.0% | |
| Revenue by end customer - Customer D · Customer D · Q3-2026 | 32.0% | |
| Revenue by end customer - Customer E · Customer E · Q3-2026 | 17.0% |
Risks flagged
Customer concentration risk
“Customer D 32% of Q3 revenue; Customer B 39%; Customer E 17%”
Dependence on hyperscale data center demand
“The sales increase was primarily driven by the ramp-up of our AEC solutions at our hyperscale data center customers” · word for word
2 Mar 20268-K · 2.02Revenue $407M (+202% y/y); GAAP net income $157M; Non-GAAP net income $209M; Guidance: Q4 FY2026 revenue guidance $425M-$435M, above Q3 actual of $407Mearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-FY2026 | $407M | +202% y/y |
| GAAP net income · Q3-FY2026 | $157M | |
| Non-GAAP net income · Q3-FY2026 | $209M | |
| GAAP gross margin · Q3-FY2026 | 68.5% | |
| Non-GAAP gross margin · Q3-FY2026 | 68.6% | |
| GAAP diluted net income per share · Q3-FY2026 | $0.82 | |
| Non-GAAP diluted net income per share · Q3-FY2026 | $1.07 | |
| Cash and short-term investments · Q3-FY2026 | $1.30B |
Guidance
Q4 FY2026 revenue guidance $425M-$435M, above Q3 actual of $407M
Q4 revenue guidance of $425M-$435M implies continued strong sequential growth of 4-7%
Risks flagged
High growth rate may moderate as base expands
“Q4 guidance implies sequential growth of 4-7%, down from 52% QoQ in Q3”
9 Feb 20268-K · 2.02Revenue $408M; Guidance: Q3 FY26 revenue guidance raised from $335-345M to $404-408M; Q4 FY26 sequential mid-single-digit growth impliedearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2026 | $408M |
Guidance
Q3 FY26 revenue guidance raised from $335-345M to $404-408M; Q4 FY26 sequential mid-single-digit growth implied
Credo raised Q3 FY26 revenue guidance significantly above prior range and provided strong sequential growth outlook for Q4 FY26, indicating accelerating demand.
Risks flagged
Preliminary results subject to completion and audit adjustments.
“Preliminary Revenue Results Disclaimer: unaudited and subject to completion.”
2 Dec 202510-QCredo reported a massive revenue beat with 272% YoY growth, driven by AEC product ramp at hyperscale customers, and turned profitable.earningsopen
Figures in the filing · each found in the filing text
| Net income (loss) · Q3-2026 | $83M | |
| Cash and cash equivalents · 2025-11-01 | $568M |
Risks flagged
Customer Concentration
“We derive the substantial majority of our revenue from a limited number of customers. We anticipate we will continue to derive a significant portion of our revenue from a limited number of customers for the foreseeable future.” · word for word
Dependence on Hyperscaler Demand
“The sales increase was primarily driven by the ramp-up of our AEC solutions at our hyperscale data center customers during the three months ended November 1, 2025.” · word for word
29 Oct 20258-K · 5.02Reported a director or officer change (departure, election, appointment or pay arrangement)open
Risks flagged
No material risk; routine board change.
“Resignation not due to disagreement; new director with strong industry background.”
Credo Technology Group Holding Ltd — questions
- What did Credo Technology Group Holding Ltd file recently?
- 11 SEC filings in the last 12 months. Latest: 10-Q on 2026-09-02 — Credo reported Q1-2027 revenue of $479M (+114.7% YoY) and net income of $129.4M (+104.1% YoY), driven by AEC product ramp at hyperscale customers.
Every figure on this page comes from Credo Technology Group Holding Ltd's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.