Filing Flows › Credo Technology Group Holding (CRDO) › Q1 FY27 › vs Q4 FY26
Credo Technology Group Holding (CRDO) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Credo Technology Group Holding's revenue rose $42.0M (+10%) from $437M in Q4 FY26 to $479M in Q1 FY27. Gross margin 64.5% against 68.2% (-3.7 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 64.5% | 68.2% | -3.7 pts |
| Operating margin | 25.2% | 35.7% | -10.5 pts |
| Net margin | 27.0% | 38.7% | -11.7 pts |
| Free cash flow margin | 17.3% | 40.6% | -23.3 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $479M | $437M | $42.0M | +10% |
| Gross profit | $309M | $298M | $11.0M | +4% |
| Cost of revenue | $170M | $139M | $31.0M | +22% |
| Other income, net | $8.1M | $12.1M | −$4.0M | -33% |
| Operating profit | $121M | $156M | −$35.1M | -23% |
| Operating expenses | $188M | $142M | $46.2M | +32% |
| Pre-tax earnings | $129M | $168M | −$39.1M | -23% |
| Research & development | $115M | $90.5M | $24.0M | +26% |
| SG&A | $73.9M | $51.7M | $22.2M | +43% |
| Income tax benefit | $585K | $1.1M | −$536K | -48% |
| Net earnings | $129M | $169M | −$39.7M | -23% |
| Operating cash sources | $226M | $235M | −$8.6M | -4% |
| Depreciation & amortization | $8.6M | $15.9M | −$7.2M | -46% |
| Share-based compensation | $88.0M | $49.7M | $38.3M | +77% |
| Working capital & other | $136M | $52.4M | $83.4M | +159% |
| Operating cash flow | $90.2M | $182M | −$92.0M | -50% |
| Free cash flow (OCF − capex) | $82.9M | $177M | −$94.5M | -53% |
| Capital expenditures | $7.3M | $4.8M | $2.5M | +53% |
Questions
How much did Credo Technology Group Holding's revenue grow quarter over quarter in Q1 FY27?
Credo Technology Group Holding's revenue rose $42.0M (+10%) from $437M in Q4 FY26 to $479M in Q1 FY27. Gross margin 64.5% against 68.2% (-3.7 pts).