Financials · CRDO

Credo Technology Group Holding Ltd (CRDO) financials

For the twelve months ended Aug 1, 2026, Credo Technology Group Holding Ltd reported $1.59B of revenue and $538.30M of net income.

Revenue, TTM
$1.59B
Revenue growth, YoY
+165.1%
Net income, TTM
$538.30M
Net income growth, YoY
+330.2%
Net margin
33.8%
Free cash flow, TTM
$438.60M
EPS, diluted, TTM
$2.84
EPS growth, YoY
+311.6%
Cash
$466.87M
P/E
49.37
P/S
16.70
Market cap
$26.58B
Annual revenue$1.34B
FY2020FY2026
Annual net income$472.28M
FY2020FY2026
Annual free cash flow$407.00M
FY2020FY2026

CRDO revenue and earnings growth

CRDO revenueQ1 2027$479.00M

Quarter YoY
+114.7%
QoQ
+9.6%
FY YoY
+205.7%
5Y CAGR
+86.8%

CRDO revenue was $479.00M in fiscal Q1 2027 (ended Aug 1, 2026), up 114.7% from a year earlier and up 9.6% from the prior quarter. For the full fiscal 2026 it was $1.34B, up 205.7% from fiscal 2025. Compound annual growth was +86.8% over 5 years. It rose in each of the last 6 fiscal years. Fiscal 2026 is the highest of the 7 fiscal years on file.

CRDO net incomeQ1 2027$129.43M

Quarter YoY
+104.1%
QoQ
-23.5%
FY YoY
+805.0%

CRDO net income was $129.43M in fiscal Q1 2027 (ended Aug 1, 2026), up 104.1% from a year earlier and down 23.5% from the prior quarter. For the full fiscal 2026 it was $472.28M, up 805.0% from fiscal 2025. Fiscal 2026 is the highest of the 7 fiscal years on file.

CRDO EPSQ1 2027$0.67

Quarter YoY
+97.1%
QoQ
-26.4%
FY YoY
+765.5%

CRDO diluted EPS was $0.67 in fiscal Q1 2027 (ended Aug 1, 2026), up 97.1% from a year earlier and down 26.4% from the prior quarter. For the full fiscal 2026 it was $2.51, up 765.5% from fiscal 2025.

CRDO free cash flowQ1 2027$82.95M

Quarter YoY
+61.5%
QoQ
-53.3%
FY YoY
14x

CRDO free cash flow was $82.95M in fiscal Q1 2027 (ended Aug 1, 2026), up 61.5% from a year earlier and down 53.3% from the prior quarter. For the full fiscal 2026 it was $407.00M, up about 14-fold from fiscal 2025. Fiscal 2026 is the highest of the 7 fiscal years on file.

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Income statement

Income statement
Line item
May 2, 2026
May 3, 2025
Apr 27, 2024
Apr 29, 2023
Apr 30, 2022
Apr 30, 2021
Apr 30, 2020
Revenue$1.34B$436.77M$192.97M$184.19M$106.48M$58.70M$53.84M
Cost of revenue$426.77M$153.87M$73.54M$78.00M$42.46M$20.42M$7.73M
Gross profit$908.35M$282.91M$119.43M$106.19M$64.02M$38.28M$46.11M
Research and development$279.38M$146.87M$96.30M$76.77M$47.95M$34.84M$27.56M
Selling, general and admin$183.96M$98.92M$60.19M$48.25M$34.90M$28.67M$16.47M
Operating income$445.00M$37.12M-$37.06M-$21.23M-$21.97M-$25.23M$2.07M
Pre-tax income$475.44M$54.87M-$22.75M-$17.91M-$22.21M-$25.30M$2.10M
Income tax$3.16M$2.69M$5.62M-$1.37M-$37.0K$2.21M$766.0K
Net income$472.28M$52.18M-$28.37M-$16.55M-$22.18M-$27.51M$1.33M
EPS, basic$2.65$0.31-$0.18-$0.11-$0.25-$0.40$0.00
EPS, diluted$2.51$0.29-$0.18-$0.11-$0.25-$0.40$0.00
Diluted shares188.2M181.2M155.1M146.6M88.4M69.1M71.7M

Balance sheet

Balance sheet
Line item
May 2, 2026
May 3, 2025
Apr 27, 2024
Apr 29, 2023
Apr 30, 2022
Apr 30, 2021
Apr 30, 2020
Cash and equivalents$1.16B$236.33M$66.94M$108.58M$259.32M$103.76M$73.91M
Short-term investments$278.33M$195.01M$343.06M$109.23M$0--
Receivables$233.38M$162.14M$59.66M$49.54M$29.52M$13.64M-
Inventory$250.83M$90.03M$25.91M$46.02M$27.34M$7.10M-
Current assets$2.00B$713.53M$530.26M$328.23M$332.18M$137.80M-
Goodwill$92.80M$0-----
Total assets$2.30B$809.26M$601.93M$397.29M$375.69M$155.49M-
Current liabilities$197.09M$107.71M$44.62M$31.03M$26.50M$12.53M-
Total liabilities$232.01M$127.67M$61.73M$49.65M$41.53M$12.96M-
Shareholders' equity$2.06B$681.58M$540.20M$347.63M$334.16M-$55.43M-$9.41M

Cash flow

Cash flow
Line item
May 2, 2026
May 3, 2025
Apr 27, 2024
Apr 29, 2023
Apr 30, 2022
Apr 30, 2021
Apr 30, 2020
Operating cash flow$464.29M$65.08M$32.74M-$24.61M-$30.83M-$42.36M-$10.25M
Capital expenditures$57.30M$36.06M$15.65M$21.71M$17.58M$6.06M$8.83M
Free cash flow$407.00M$29.02M$17.09M-$46.33M-$48.41M-$48.42M-$19.09M
Investing cash flow-$253.53M$111.99M-$249.49M-$130.94M-$17.58M-$6.06M-$8.83M
Financing cash flow$717.63M-$7.73M$175.28M$4.88M$204.18M$77.89M$61.21M
Share repurchases---$0$0$22.91M$0
Stock-based compensation$182.64M$77.36M$39.02M$23.52M$9.19M$2.57M$1.25M
Depreciation and amortization$34.64M$21.94M$13.77M$9.51M$4.79M$2.22M$1.81M

Key ratios

Key ratios
Line item
May 2, 2026
May 3, 2025
Apr 27, 2024
Apr 29, 2023
Apr 30, 2022
Apr 30, 2021
Apr 30, 2020
Revenue growth, YoY205.7%126.3%4.8%73.0%81.4%9.0%-
Net income growth, YoY805.0%------
EPS growth, YoY765.5%------
Gross margin68.0%64.8%61.9%57.7%60.1%65.2%85.6%
Operating margin33.3%8.5%-19.2%-11.5%-20.6%-43.0%3.8%
Net margin35.4%11.9%-14.7%-9.0%-20.8%-46.9%2.5%
Free cash flow margin30.5%6.6%8.9%-25.2%-45.5%-82.5%-35.5%
Return on equity22.9%7.7%-5.3%-4.8%-6.6%--
Return on assets20.6%6.4%-4.7%-4.2%-5.9%-17.7%-
Current ratio10.156.6211.8810.5812.5411.00-

Source: XBRL data Credo Technology Group Holding Ltd files with the SEC, latest filing dated Sep 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CRDO peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CRDO$1.59B+165.1%$538.30M33.8%$26.58B
AVGO$89.10B+48.7%$38.27B42.9%$1.65T
MRVL$9.45B+30.6%$2.64B27.9%$148.02B
ALAB$1.56B+115.2%$461.32M29.6%$40.36B
SMTC$1.09B+14.2%-$33.16M-3.0%$11.69B
LSCC$808.80M+63.4%$44.74M5.5%$17.46B
MCHP$5.60B+33.0%$838.10M15.0%$33.81B
APH$33.05B+57.6%$5.93B18.0%$195.82B

CRDO FAQ

9 questions
  • What is CRDO revenue?
    Credo Technology Group Holding Ltd (CRDO) reported $1.59B of revenue for the twelve months ended Aug 1, 2026. That is up 165.1% from the year before. Revenue for fiscal 2026 was $1.34B.
  • Is CRDO profitable?
    Yes. Credo Technology Group Holding Ltd earned $538.30M in net income for the twelve months ended Aug 1, 2026, a net margin of 33.8%.
  • How much cash and debt does CRDO have?
    Credo Technology Group Holding Ltd reported $466.87M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is CRDO revenue growing?
    Credo Technology Group Holding Ltd's revenue changed +205.7% in fiscal 2026, to $1.34B. Its compound annual growth rate was +86.8% over 5 years.
  • What is CRDO gross margin?
    Credo Technology Group Holding Ltd's gross profit was $1.07B on $1.59B of revenue for the twelve months ended Aug 1, 2026, a gross margin of 67.1%.
  • What is CRDO free cash flow?
    Credo Technology Group Holding Ltd generated $438.60M of free cash flow for the twelve months ended Aug 1, 2026, which is operating cash flow of $500.36M less capital expenditures.
  • What is CRDO earnings per share?
    Diluted earnings per share were $2.84 for the twelve months ended Aug 1, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CRDO last report financial results?
    The latest statements here come from Credo Technology Group Holding Ltd's 10-Q filed on Sep 2, 2026, covering the period ended Aug 1, 2026.
  • Where does this CRDO financial data come from?
    Quantisnow builds these statements from the structured XBRL data Credo Technology Group Holding Ltd files with the SEC. It is provided for information only and is not investment advice.