Filing Flows › Credo Technology Group Holding (CRDO) › Q4 FY26 › vs Q4 FY25
Credo Technology Group Holding (CRDO) Q4 FY26 vs Q4 FY25 (year over year)
Credo Technology Group Holding's revenue rose $267M (+157%) from $170M in Q4 FY25 to $437M in Q4 FY26. Gross margin 68.2% against 67.2% (+1.0 pts).
Credo Technology Group Holding, Q4 FY26: revenue $437M (+157% year over year), operating margin 35.7%, net earnings $169M, operating cash flow $182M. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 68.2% | 67.2% | +1.0 pts |
| Operating margin | 35.7% | 19.9% | +15.8 pts |
| Net margin | 38.7% | 21.5% | +17.2 pts |
| Free cash flow margin | 40.6% | 31.9% | +8.8 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $437M | $170M | $267M | +157% |
| Gross profit | $298M | $114M | $184M | +161% |
| Cost of revenue | $139M | $55.8M | $83.1M | +149% |
| Other income, net | $12.1M | $3.8M | $8.3M | +218% |
| Operating profit | $156M | $33.8M | $122M | +361% |
| Operating expenses | $142M | $80.4M | $61.8M | +77% |
| Pre-tax earnings | $168M | $37.6M | $130M | +347% |
| Research & development | $90.5M | $48.5M | $42.1M | +87% |
| SG&A | $51.7M | $31.9M | $19.7M | +62% |
| Income tax benefit | $1.1M | −$1.0M | $2.1M | — |
| Net earnings | $169M | $36.6M | $133M | +362% |
| Depreciation & amortization | $15.9M | $7.7M | $8.2M | +107% |
| Share-based compensation | $49.7M | $27.9M | $21.8M | +78% |
| Working capital & other | $52.4M | $14.3M | $38.1M | +267% |
| Operating cash flow | $182M | $57.8M | $124M | +215% |
| Free cash flow (OCF − capex) | $177M | $54.2M | $123M | +228% |
| Capital expenditures | $4.8M | $3.7M | $1.1M | +31% |
Questions
How much did Credo Technology Group Holding's revenue grow year over year in Q4 FY26?
Credo Technology Group Holding's revenue rose $267M (+157%) from $170M in Q4 FY25 to $437M in Q4 FY26. Gross margin 68.2% against 67.2% (+1.0 pts).