Credo Technology Group

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
24/7 Wall St

CRDO YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

CRDO Revenue by Segment

With YoY comparisons, source: SEC Filings

Q3 25 Q1 26

“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