Filing Flows › Credo Technology Group Holding (CRDO) › Guidance history
Credo Technology Group Holding (CRDO) guidance history: what it guided and what it reported
Credo Technology Group Holding gave guidance in 12 earnings releases on file since Nov 29, 2023. Of 18 guided periods since reported, it met or beat its own guidance 13 times (72%). Revenue: 6 of 6, on average +9.0% against the guided midpoint.
Revenue
Met or beat 6 of 6 periods (6 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY27 | $525M–$535M (Sep 1, 2026) | — | to be reported | — |
| Q1 FY27 | $465M–$475M (Jun 1, 2026) | $479M | above the range | +1.9% |
| Q4 FY26 | $425M–$435M (Mar 2, 2026) | $437M | above the range | +1.6% |
| Q2 FY26 | $230M–$240M (Sep 3, 2025) | $268M | above the range | +14.1% |
| Q1 FY26 | $185M–$195M (Jun 2, 2025) | $223M | above the range | +17.4% |
| Q4 FY25 | $155M–$165M (Mar 4, 2025) | $170M | above the range | +6.3% |
| Q3 FY25 | $115M–$125M (Dec 2, 2024) | $135M | above the range | +12.5% |
GAAP gross margin
Met or beat 5 of 6 periods (5 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY27 | 62.9%–64.9% (Sep 1, 2026) | — | to be reported | — |
| Q1 FY27 | 66.9%–68.9% (Jun 1, 2026) | 64.5% | below the range | -3.4 pts |
| Q4 FY26 | 63.9%–65.9% (Mar 2, 2026) | 68.2% | above the range | +3.3 pts |
| Q2 FY26 | 63.5%–65.5% (Sep 3, 2025) | 67.5% | above the range | +3.0 pts |
| Q1 FY26 | 63.4%–65.4% (Jun 2, 2025) | 67.4% | above the range | +3.0 pts |
| Q4 FY25 | 62.7%–64.7% (Mar 4, 2025) | 67.2% | above the range | +3.5 pts |
| Q3 FY25 | 60.6%–62.6% (Dec 2, 2024) | 63.6% | above the range | +2.0 pts |
| Q2 FY25 | 61.3%–63.3% (Sep 4, 2024) | — | — | — |
| Q1 FY25 | 62.3%–64.3% (May 29, 2024) | — | — | — |
| Q4 FY24 | 63.2%–65.2% (Feb 27, 2024) | — | — | — |
Adjusted gross margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY27 | 67.0%–69.0% (Sep 1, 2026) | — | to be reported | — |
| Q1 FY27 | 67.0%–69.0% (Jun 1, 2026) | — | — | — |
| Q4 FY26 | 64.0%–66.0% (Mar 2, 2026) | — | — | — |
| Q2 FY26 | 64.0%–66.0% (Sep 3, 2025) | — | — | — |
| Q1 FY26 | 64.0%–66.0% (Jun 2, 2025) | — | — | — |
| Q4 FY25 | 63.0%–65.0% (Mar 4, 2025) | — | — | — |
| Q3 FY25 | 61.0%–63.0% (Dec 2, 2024) | — | — | — |
| Q2 FY25 | 62.0%–64.0% (Sep 4, 2024) | — | — | — |
| Q1 FY25 | 63.0%–65.0% (May 29, 2024) | — | — | — |
| Q4 FY24 | 64.0%–66.0% (Feb 27, 2024) | — | — | — |
GAAP operating expenses
Met or beat 2 of 6 periods (4 above, 2 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY27 | $199M–$204M (Sep 1, 2026) | — | to be reported | — |
| Q1 FY27 | $168M–$172M (Jun 1, 2026) | $188M | above the range | +11.1% |
| Q4 FY26 | $126M–$130M (Mar 2, 2026) | $142M | above the range | +11.6% |
| Q2 FY26 | $96.0M–$98.0M (Sep 3, 2025) | $102M | above the range | +5.4% |
| Q1 FY26 | $88.3M–$90.3M (Jun 2, 2025) | $89.6M | within the range | +0.4% |
| Q4 FY25 | $73.0M–$75.0M (Mar 4, 2025) | $80.4M | above the range | +8.7% |
| Q3 FY25 | $58.6M–$60.6M (Dec 2, 2024) | $59.7M | within the range | +0.2% |
Adjusted operating expenses
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY27 | $100M–$105M (Sep 1, 2026) | — | to be reported | — |
| Q1 FY27 | $86.0M–$90.0M (Jun 1, 2026) | — | — | — |
| Q4 FY26 | $76.0M–$80.0M (Mar 2, 2026) | — | — | — |
| Q2 FY26 | $56.0M–$58.0M (Sep 3, 2025) | — | — | — |
| Q1 FY26 | $54.0M–$56.0M (Jun 2, 2025) | — | — | — |
| Q4 FY25 | $50.0M–$52.0M (Mar 4, 2025) | — | — | — |
| Q3 FY25 | $42.0M–$44.0M (Dec 2, 2024) | — | — | — |
Adjusted net income
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $662M (Jun 1, 2026) | — | to be reported | — |
The latest quarter
Credo Technology Group Holding, Q1 FY27: revenue $479M (+115% year over year), operating margin 25.2%, net earnings $129M, operating cash flow $90.2M. The chart follows the revenue to costs, profit and cash.
Questions
Does Credo Technology Group Holding beat its guidance?
Credo Technology Group Holding gave guidance in 12 earnings releases on file since Nov 29, 2023. Of 18 guided periods since reported, it met or beat its own guidance 13 times (72%). Revenue: 6 of 6, on average +9.0% against the guided midpoint.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.