Filing Flows › Credo Technology Group Holding (CRDO) › Q1 FY27 › vs Q1 FY26
Credo Technology Group Holding (CRDO) Q1 FY27 vs Q1 FY26 (year over year)
Credo Technology Group Holding's revenue rose $256M (+115%) from $223M in Q1 FY26 to $479M in Q1 FY27. Gross margin 64.5% against 67.4% (-2.9 pts).
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 draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 64.5% | 67.4% | -2.9 pts |
| Operating margin | 25.2% | 27.2% | -2.0 pts |
| Net margin | 27.0% | 28.4% | -1.4 pts |
| Free cash flow margin | 17.3% | 23.0% | -5.7 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $479M | $223M | $256M | +115% |
| Gross profit | $309M | $150M | $159M | +106% |
| Cost of revenue | $170M | $72.7M | $97.2M | +134% |
| Other income, net | $8.1M | $3.9M | $4.2M | +106% |
| Operating profit | $121M | $60.7M | $60.0M | +99% |
| Operating expenses | $188M | $89.6M | $98.8M | +110% |
| Pre-tax earnings | $129M | $64.7M | $64.2M | +99% |
| Research & development | $115M | $52.4M | $62.1M | +118% |
| SG&A | $73.9M | $37.2M | $36.7M | +99% |
| Income tax benefit | $585K | −$1.3M | $1.9M | — |
| Net earnings | $129M | $63.4M | $66.0M | +104% |
| Operating cash sources | $226M | $104M | $122M | +117% |
| Depreciation & amortization | $8.6M | $5.5M | $3.1M | +58% |
| Share-based compensation | $88.0M | $35.5M | $52.5M | +148% |
| Working capital & other | $136M | $50.1M | $85.6M | +171% |
| Operating cash flow | $90.2M | $54.2M | $36.1M | +67% |
| Free cash flow (OCF − capex) | $82.9M | $51.3M | $31.6M | +62% |
| Capital expenditures | $7.3M | $2.8M | $4.5M | +158% |
Questions
How much did Credo Technology Group Holding's revenue grow year over year in Q1 FY27?
Credo Technology Group Holding's revenue rose $256M (+115%) from $223M in Q1 FY26 to $479M in Q1 FY27. Gross margin 64.5% against 67.4% (-2.9 pts).