CRDO Q4 2025 Earnings
Reported Jun 2, 2025 at 4:09 PM ET · SEC Source
Q4 25 EPS
$0.35
BEAT +29.63%
Est. $0.27
Q4 25 Revenue
$170.0M
vs S&P Since Q4 25
+140.6%
BEATING MARKET
CRDO +161.5% vs S&P +20.9%
Full Year 2025 Results
FY 25 EPS
$0.70
BEAT +10.78%
Est. $0.63
FY 25 Revenue
$436.8M
BEAT +2.42%
Est. $426.4M
Market Reaction
Did CRDO Beat Earnings? Q4 2025 Results
Credo Technology Group capped fiscal 2025 with a standout fourth-quarter performance, posting non-GAAP diluted EPS of $0.35 against a $0.27 consensus estimate, a 29.63% beat, while revenue of $170.03 million topped expectations of $159.69 million by … Read more Credo Technology Group capped fiscal 2025 with a standout fourth-quarter performance, posting non-GAAP diluted EPS of $0.35 against a $0.27 consensus estimate, a 29.63% beat, while revenue of $170.03 million topped expectations of $159.69 million by 6.47% and soared 179.7% year over year. The driving force behind those numbers was relentless hyperscaler demand for Credo's high-speed connectivity products, particularly its Active Electrical Cables and retimer solutions powering next-generation AI infrastructure, with product revenue alone reaching $164.52 million in the quarter. The company also swung decisively to profitability, recording GAAP net income of $36.59 million compared to a loss of $10.48 million in the year-ago period, as gross margin expanded to 67.2%. Analysts have taken notice, with the stock surging roughly 50% in the month leading into the print. Looking ahead, Credo guided Q1 FY2026 revenue to $185 million–$195 million, signaling management's confidence that AI-driven demand from its largest customers shows no signs of slowing.
Key Takeaways
- • Surging demand for high-performance connectivity solutions from hyperscaler customers powering AI services
- • Revenue up 179.7% year over year and 25.9% quarter over quarter in Q4
- • Product sales revenue drove the vast majority of Q4 revenue at $164.5 million
- • Full fiscal year revenue up 126% year over year to record $436.8 million
CRDO YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
CRDO Revenue by Segment
With YoY comparisons, source: SEC Filings
“I'm proud of Credo's achievements in fiscal 2025. For the year, the Company delivered record-breaking financial results, with revenue up 126% year over year to $436.8 million. The Company's results were fueled by surging demand for our innovative, reliable, and energy-efficient high-performance connectivity solutions. We continue to see growing demand for our solutions across hyperscaler customers to power advanced AI services, a trend we believe will persist for the foreseeable future.”
— Bill Brennan, Q4 2025 Earnings Press Release
CRDO Earnings Trends
CRDO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CRDO EPS Trend
Earnings per share: estimate vs actual
CRDO Revenue Trend
Quarterly revenue: estimate vs actual
CRDO Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $0.94 | $1.07 | +13.75% | $407.0M | +5.00% |
| Q1 26 BEAT | $0.36 | $0.52 | +44.20% | $223.1M | +17.02% |
| Q4 25 BEAT FY | $0.27 | $0.35 | +29.63% | $170.0M | — |
| FY Full Year | $0.63 | $0.70 | +10.78% | $436.8M | +2.42% |
| Q3 25 BEAT | $0.18 | $0.25 | +36.54% | $135.0M | +12.17% |