Credo Technology Reports Record Q3 FY26 Results with 200%+ YoY Revenue Growth and Strong Q4 Guidance

summarizeSummary

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.

check_boxKey Events

• 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.

• 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.

• 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.

• Robust Cash Position

  Ended the quarter with a strong cash and short-term investment balance of $1.3 billion.

auto_awesomeAnalysis

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.