Filing Flows › Credo Technology Group Holding (CRDO) › Q4 FY26
Credo Technology Group Holding (CRDO) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jun 15, 2026
Credo Technology Group Holding (CRDO) reported revenue of $437M for the fourth quarter fiscal 2026 (Q4 FY26), +157% from a year earlier and +7% from the quarter before. Operating margin was 35.7%, net earnings $169M (38.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $437M | +7% | +157% |
| Gross profit | $298M | +7% | +161% |
| Operating profit | $156M | +4% | +361% |
| Net earnings | $169M | +8% | +362% |
| Operating cash flow | $182M | +10% | +215% |
| Free cash flow | $177M | +27% | +228% |
What changed
Revenue was $437.0M in Q4 FY26, up 157% year over year and up 7% from the previous quarter.
Gross margin was 68.2%, up 1.0 points from Q4 FY25. Operating profit was $155.8M, a 35.7% margin (up 15.8 points year over year). Of the extra revenue versus Q4 FY25, 46% reached operating profit, above the 20% margin then. Operating expenses grew 77% against revenue growth of 157%. The fastest-growing cost line was Research & development (+87%). Net earnings were $169.1M, up 362% year over year. The effective tax rate was -0.7%.
Operating cash flow was $182.2M (up 215% year over year), 108% of net earnings. Non-cash charges added back $15.9M of depreciation and amortization and $49.7M of share-based compensation. Working capital and other items used $52.4M. Capital expenditures of $4.8M left free cash flow of $177.5M.
Questions
What was Credo Technology Group Holding's revenue in the fourth quarter fiscal 2026?
Credo Technology Group Holding (CRDO) reported revenue of $437M for the fourth quarter fiscal 2026 (Q4 FY26), +157% from a year earlier and +7% from the quarter before.
Was Credo Technology Group Holding profitable in the fourth quarter fiscal 2026?
Operating profit was $156M (35.7% of revenue) and net earnings $169M.