CRDO Q3 2026 Earnings
Reported Mar 2, 2026 at 4:09 PM ET · SEC Source
Q3 26 EPS
$1.07
BEAT +13.75%
Est. $0.94
Q3 26 Revenue
$407.0M
BEAT +5.00%
Est. $387.6M
vs S&P Since Q3 26
+70.1%
BEATING MARKET
CRDO +76.0% vs S&P +5.9%
Market Reaction
Did CRDO Beat Earnings? Q3 2026 Results
Credo Technology Group delivered a blowout quarter in fiscal Q3 2026, posting revenue of $407.01 million, up 201.5% year over year, and non-GAAP diluted EPS of $1.07, beating the Wall Street consensus of $0.94 by 13.75% while revenue topped estimates… Read more Credo Technology Group delivered a blowout quarter in fiscal Q3 2026, posting revenue of $407.01 million, up 201.5% year over year, and non-GAAP diluted EPS of $1.07, beating the Wall Street consensus of $0.94 by 13.75% while revenue topped estimates of $387.62 million by 5.00%. The standout driver was surging demand for Active Electrical Cables and integrated circuits serving AI data center infrastructure, which propelled non-GAAP operating margins to 49.6% and lifted non-GAAP net income to $208.79 million. CEO Bill Brennan also flagged three new multi-billion-dollar market opportunities, ZeroFlap optics, Active Line Cards, and OmniConnect memory solutions, signaling Credo's ambition to extend well beyond its AEC stronghold, a strategic pivot underscored by a recent collaboration with AMD-focused AI cloud provider TensorWave. Looking ahead, the company guided fiscal Q4 revenue to $425.00 million–$435.00 million, implying continued sequential growth, though non-GAAP gross margin guidance of 64.0%–66.0% points to some compression as newer product lines ramp.
Key Takeaways
- • Continued growth in Active Electrical Cables (AECs) and integrated circuits (ICs)
- • Expanding AI infrastructure demand driving 201.5% year-over-year revenue growth
- • Non-GAAP operating margin expansion to 49.6%
CRDO Forward Guidance & Outlook
For fiscal Q4 2026 (three months ending May 2, 2026), Credo expects revenue between $425.0 million and $435.0 million. GAAP gross margin is expected between 63.9% and 65.9%, with non-GAAP gross margin between 64.0% and 66.0%. GAAP operating expenses are expected between $125.5 million and $129.5 million, with non-GAAP operating expenses between $76.0 million and $80.0 million.
CRDO YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
CRDO Revenue by Segment
With YoY comparisons, source: SEC Filings
“In the third quarter Credo once again delivered record results with revenue of $407.0 million, an increase of more than 50% sequentially and 200% year over year. With continued growth in AECs and ICs and the announcement of three new multi-billion dollar TAM expansions through ZeroFlap optics, ALCs, and OmniConnect, we remain confident in our ability to innovate and grow in the expanding AI infrastructure landscape.”
— Bill Brennan, Q3 2026 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% |