Credo Technology Reports Explosive FY26 Results, Strong Q1 FY27 Guidance, and Ambitious CEO Performance Award
CRDO has more than doubled off its 52-week low of $59.21.
Summary
Credo Technology Group reported a more than tripling of full fiscal year 2026 revenue and five-fold increase in non-GAAP net income, alongside strong Q1 FY27 revenue guidance. The company also approved a substantial performance-based equity award for its CEO, tied to aggressive long-term revenue and stock price growth targets.
Key Events · Earnings and Guidance · CRDO
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Record Full Fiscal Year 2026 Financial Performance
Credo Technology reported full fiscal year 2026 revenue of $1.335 billion, more than tripling the $436.7 million reported in fiscal year 2025. Non-GAAP net income increased over five-fold to $661.5 million from $129.9 million in the prior year, reflecting explosive growth.
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Strong Q1 Fiscal Year 2027 Revenue Guidance
The company projects Q1 FY27 revenue to be between $465.0 million and $475.0 million, indicating continued sequential growth from Q4 FY26 revenue of $437.0 million.
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CEO Awarded Ambitious Performance-Based Equity
CEO William Brennan received a special performance-based restricted stock unit award, totaling 1,437,000 shares, tied to six progressively challenging revenue and stock price hurdles over a five-year period. Revenue goals envision nearly four-fold growth to $5 billion by FY2031, with stock price targets ranging from $244.70 to $489.40, significantly above the current price of $199.85.
Analysis · CRDO · Manufacturing
Credo Technology Group delivered exceptional full fiscal year 2026 financial results, with revenue more than tripling and non-GAAP net income increasing five-fold, demonstrating continued rapid growth. The company also provided robust Q1 FY27 revenue guidance, indicating sustained momentum. Additionally, a substantial performance-based equity award for the CEO, tied to aggressive long-term revenue and stock price targets, aligns executive incentives with significant shareholder value creation, despite the potential for future dilution.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 41.1% of the 372 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CRDO was trading at $199.85 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $41.7B. The 52-week trading range was $59.21 to $243.21. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.