Filing Flows › Credo Technology Group Holding (CRDO) › Q3 FY26
Credo Technology Group Holding (CRDO) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 3, 2026
Credo Technology Group Holding (CRDO) reported revenue of $407M for the third quarter fiscal 2026 (Q3 FY26), +201% from a year earlier and +52% from the quarter before. Operating margin was 36.8%, net earnings $157M (38.6% of revenue).
Credo Technology Group Holding, Q3 FY26: revenue $407M (+202% year over year), operating margin 36.8%, net earnings $157M, operating cash flow $166M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $407M | +52% | +201% |
| Gross profit | $279M | +54% | +225% |
| Operating profit | $150M | +90% | +471% |
| Net earnings | $157M | +90% | +435% |
| Operating cash flow | $166M | +170% | 39× |
| Free cash flow | $140M | +263% | — |
What changed
Revenue was $407.0M in Q3 FY26, up 201% year over year and up 52% from the previous quarter.
Gross margin was 68.5%, up 4.9 points from Q3 FY25. Operating profit was $149.6M, a 36.8% margin (up 17.4 points year over year). Of the extra revenue versus Q3 FY25, 45% reached operating profit, above the 19% margin then. Operating expenses grew 116% against revenue growth of 201%. The fastest-growing cost line was Research & development (+116%). Net earnings were $157.1M, up 435% year over year. The effective tax rate was 1.2%.
Operating cash flow was $166.2M (up 3846% year over year), 106% of net earnings. Non-cash charges added back $6.7M of depreciation and amortization and $52.2M of share-based compensation. Working capital and other items used $49.8M. Capital expenditures of $26.5M left free cash flow of $139.7M.
Questions
What was Credo Technology Group Holding's revenue in the third quarter fiscal 2026?
Credo Technology Group Holding (CRDO) reported revenue of $407M for the third quarter fiscal 2026 (Q3 FY26), +201% from a year earlier and +52% from the quarter before.
Was Credo Technology Group Holding profitable in the third quarter fiscal 2026?
Operating profit was $150M (36.8% of revenue) and net earnings $157M.