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Credo Technology Group Holding Ltd CRDO Q1 2027 earnings

Reported September 1, 2026 · After market close

Revenue$479.0MBeat by $5.7M
Adjusted EPS$1.20Beat by $0.03
Revenue estimate$473.3M
EPS estimate$1.17
“During the first quarter of fiscal 2027, Credo delivered revenue of $479.0 million and non-GAAP net income of $236.3 million, representing 115% and 140% year-over-year growth respectively. Our portfolio now spans connectivity from millimeters to kilometers, with solutions across optics and copper. As AI infrastructure scales, we will continue to provide an innovative suite of reliable and energy-efficient connectivity solutions for the data center.”
Bill Brennan

Next report

Dec 2, 2026 (in 2 months)
Revenue estimate$531.6M
EPS estimate$1.29

Financials

Q1 2027

Income statement

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Revenue$479.0M+115%
Gross profit$309.1M+106%
Operating income$120.7M+98.7%
Net income$129.4M+104%
EPS (diluted)$0.67+97.1%

Balance sheet

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Cash & equivalents$466.9M+113%
Total debt$26.2M+67.9%
Total equity$2.7B+249%
Total assets$3.0B+233%

Cash flow

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Operating cash flow$90.2M+66.6%
CapEx$7.3M+158%
Free cash flow$82.9M+61.5%

Valuation & ratios

Valuation

as of 10/09/26
See full
Market cap$39.82B+52.3%
Enterprise value$39.38B+51.8%
P/E74×-135×
P/S25×-18.5×

Profitability

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Gross margin67.1%+1.1pp
Operating margin31.7%+13.0pp
Net margin33.8%+13.0pp
FCF margin27.6%+12.0pp

Returns & leverage

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Return on equity30.7%+11.9pp
Debt / equity0×0.0×
Current ratio7.4×0.0×

Segments

By segment

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Reportable Segment$479.0M+115%

FAQ

When did Credo Technology Group Holding Ltd report Q1 2027 earnings?
Credo Technology Group Holding Ltd (CRDO) reported Q1 2027 earnings on September 1, 2026 after market close.
What were Credo Technology Group Holding Ltd's Q1 2027 revenue and EPS?
Credo Technology Group Holding Ltd reported revenue of $479.0M and adjusted eps of $1.20 for Q1 2027.
Did Credo Technology Group Holding Ltd beat estimates in Q1 2027?
Revenue beat the consensus estimate of $473.3M by $5.7M. EPS beat the consensus estimate of $1.17 by $0.03.
How did Credo Technology Group Holding Ltd's Q1 2027 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 114.7% from $223.1M a year earlier.
Where can I find Credo Technology Group Holding Ltd's Q1 2027 SEC filings?
You can read the 8-K earnings release (0001628280-26-059795) and the 10-Q periodic report (0001628280-26-060111) directly on SEC EDGAR. The filing index links above go to sec.gov.