Credo Technology Reports Record Q3 FY26 Results with 200%+ YoY Revenue Growth and Strong Q4 Guidance
Summary
Credo Technology Group Holding Ltd reported record Q3 FY26 financial results, with revenue growing over 200% year-over-year, and issued strong guidance for Q4 FY26, indicating continued momentum.
Key Events
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Record Q3 FY26 Revenue
Reported revenue of $407.0 million for the quarter ended January 31, 2026, representing a 51.9% sequential increase and a 201.5% year-over-year increase.
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Strong Profitability
Achieved GAAP net income of $157.1 million and non-GAAP net income of $208.8 million, with non-GAAP diluted EPS of $1.07.
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Positive Q4 FY26 Guidance
Provided revenue guidance for the fourth quarter of fiscal 2026 between $425.0 million and $435.0 million, indicating continued growth.
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Robust Cash Position
Ended the quarter with a strong cash and short-term investment balance of $1.3 billion.
Analysis
Credo Technology Group Holding Ltd announced robust financial results for the third quarter of fiscal year 2026, surpassing previous guidance and demonstrating significant growth. This full earnings report follows a preliminary revenue pre-announcement on February 9, 2026, providing comprehensive details on profitability and forward-looking guidance. The company achieved record revenue, strong non-GAAP net income, and provided an optimistic outlook for the upcoming quarter, driven by continued expansion in key product areas. The substantial cash balance further strengthens the company's financial position.
At the time of this filing, CRDO was trading at $105.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $20.6B. The 52-week trading range was $29.09 to $213.80. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.